Crh Plc $CRH Shares Sold by Barometer Capital Management Inc.

Barometer Capital Management Inc. reduced its position in shares of Crh Plc (NYSE:CRH) by 69.3% during the first quarter, Holdings Channel.com reports. The fund owned 11,050 shares of the construction company’s stock after selling 24,950 shares during the quarter. Barometer Capital Management Inc.’s holdings in CRH were worth $1,162,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Pacific Capital Partners Ltd boosted its holdings in CRH by 47.1% during the fourth quarter. Pacific Capital Partners Ltd now owns 43,750 shares of the construction company’s stock worth $5,460,000 after buying an additional 14,000 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of CRH by 680.6% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 119,237 shares of the construction company’s stock valued at $14,881,000 after acquiring an additional 103,962 shares during the last quarter. Principal Financial Group Inc. boosted its stake in shares of CRH by 33.2% during the 4th quarter. Principal Financial Group Inc. now owns 3,021,734 shares of the construction company’s stock worth $377,112,000 after acquiring an additional 752,463 shares in the last quarter. Mirabaud Asset Management Ltd boosted its stake in shares of CRH by 38.2% during the 4th quarter. Mirabaud Asset Management Ltd now owns 98,038 shares of the construction company’s stock worth $12,235,000 after acquiring an additional 27,118 shares in the last quarter. Finally, Alphinity Investment Management Pty Ltd grew its holdings in shares of CRH by 3.3% in the 4th quarter. Alphinity Investment Management Pty Ltd now owns 4,337,447 shares of the construction company’s stock worth $541,313,000 after acquiring an additional 137,048 shares during the last quarter. 62.50% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on CRH shares. Morgan Stanley reaffirmed an “overweight” rating and set a $139.00 target price on shares of CRH in a research report on Wednesday, April 15th. Sanford C. Bernstein reissued an “outperform” rating on shares of CRH in a research note on Tuesday, June 23rd. Weiss Ratings downgraded CRH from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, June 18th. Wells Fargo & Company reduced their price objective on shares of CRH from $135.00 to $132.00 and set an “overweight” rating for the company in a research note on Wednesday, July 8th. Finally, Jefferies Financial Group raised their target price on shares of CRH from $149.00 to $165.60 and gave the stock a “buy” rating in a report on Friday, June 26th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, CRH presently has an average rating of “Buy” and an average price target of $141.19.

CRH Stock Performance

Shares of NYSE CRH opened at $99.80 on Wednesday. The business has a 50 day simple moving average of $105.84 and a 200 day simple moving average of $112.79. Crh Plc has a 52 week low of $93.58 and a 52 week high of $131.55. The stock has a market cap of $66.69 billion, a price-to-earnings ratio of 18.48, a PEG ratio of 1.73 and a beta of 1.32.

CRH (NYSE:CRH) last issued its quarterly earnings data on Thursday, April 30th. The construction company reported ($0.20) earnings per share for the quarter, beating the consensus estimate of ($0.22) by $0.02. The firm had revenue of $7.37 billion for the quarter, compared to analyst estimates of $7.07 billion. CRH had a net margin of 9.65% and a return on equity of 15.37%. The company’s revenue was up 9.1% on a year-over-year basis. CRH has set its FY 2026 guidance at 5.600-6.050 EPS. On average, analysts predict that Crh Plc will post 5.96 EPS for the current year.

CRH Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 17th. Stockholders of record on Friday, May 15th were issued a dividend of $0.39 per share. The ex-dividend date was Friday, May 15th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 1.6%. CRH’s dividend payout ratio (DPR) is currently 28.89%.

CRH Company Profile

CRH plc, originally formed as Cement Roadstone Holdings in 1970 and headquartered in Dublin, Ireland, is a global building materials group. The company has grown from its Irish roots into one of the largest international suppliers of construction materials, expanding primarily through acquisitions and regional business development. CRH operates an integrated network of manufacturing and distribution businesses that serve both public and private construction markets.

CRH’s core activities include the production and distribution of aggregates, cement, asphalt, ready-mixed concrete and other bulk materials, together with a broad range of value-added building products such as precast concrete, masonry, bricks, roofing products, pipe and drainage systems, and construction accessories.