Intech Investment Management LLC Has $2.83 Million Position in Crh Plc $CRH

Intech Investment Management LLC cut its stake in Crh Plc (NYSE:CRH) by 34.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 23,569 shares of the construction company’s stock after selling 12,426 shares during the quarter. Intech Investment Management LLC’s holdings in CRH were worth $2,826,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. L2 Asset Management LLC increased its stake in CRH by 3.0% in the second quarter. L2 Asset Management LLC now owns 3,028 shares of the construction company’s stock valued at $278,000 after purchasing an additional 89 shares in the last quarter. UMB Bank n.a. grew its holdings in shares of CRH by 34.8% in the 3rd quarter. UMB Bank n.a. now owns 356 shares of the construction company’s stock valued at $43,000 after buying an additional 92 shares during the period. Sound View Wealth Advisors Group LLC increased its position in shares of CRH by 3.4% in the 3rd quarter. Sound View Wealth Advisors Group LLC now owns 3,082 shares of the construction company’s stock valued at $370,000 after buying an additional 100 shares in the last quarter. Shepherd Financial Partners LLC raised its stake in CRH by 0.3% during the 3rd quarter. Shepherd Financial Partners LLC now owns 33,863 shares of the construction company’s stock worth $4,060,000 after buying an additional 106 shares during the period. Finally, Mission Wealth Management LP lifted its holdings in CRH by 1.1% during the second quarter. Mission Wealth Management LP now owns 9,548 shares of the construction company’s stock worth $877,000 after acquiring an additional 107 shares in the last quarter. 62.50% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CRH has been the topic of a number of research analyst reports. Royal Bank Of Canada dropped their price target on CRH from $152.00 to $150.00 and set an “outperform” rating on the stock in a research report on Friday, November 7th. Jefferies Financial Group restated a “buy” rating on shares of CRH in a report on Monday, December 1st. DA Davidson set a $120.00 price target on shares of CRH in a report on Friday, February 20th. Weiss Ratings restated a “buy (b-)” rating on shares of CRH in a report on Monday, December 22nd. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of CRH in a research report on Monday, December 8th. Two analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, CRH presently has an average rating of “Moderate Buy” and a consensus target price of $137.50.

CRH Trading Down 1.9%

CRH stock opened at $117.72 on Tuesday. Crh Plc has a 1-year low of $76.75 and a 1-year high of $131.55. The company has a fifty day simple moving average of $124.54 and a 200 day simple moving average of $119.25. The company has a market cap of $78.66 billion, a P/E ratio of 21.33, a price-to-earnings-growth ratio of 2.10 and a beta of 1.33.

CRH (NYSE:CRH) last posted its quarterly earnings data on Wednesday, February 18th. The construction company reported $1.52 EPS for the quarter, missing analysts’ consensus estimates of $2.20 by ($0.68). The business had revenue of $5.42 billion for the quarter, compared to analyst estimates of $11.15 billion. CRH had a return on equity of 15.98% and a net margin of 10.02%.The company’s quarterly revenue was up 6.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.02 earnings per share. CRH has set its FY 2026 guidance at 5.600-6.050 EPS. On average, equities research analysts forecast that Crh Plc will post 5.47 EPS for the current year.

CRH Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 8th. Shareholders of record on Friday, March 6th will be paid a $0.39 dividend. This is a positive change from CRH’s previous quarterly dividend of $0.37. This represents a $1.56 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date is Friday, March 6th. CRH’s dividend payout ratio is 20.11%.

About CRH

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.