Norges Bank Buys New Shares in Crh Plc $CRH

Norges Bank bought a new stake in Crh Plc (NYSE:CRH) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 11,834,435 shares of the construction company’s stock, valued at approximately $1,476,939,000. Norges Bank owned 1.77% of CRH at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in CRH. NewEdge Advisors LLC increased its position in shares of CRH by 158.5% in the 1st quarter. NewEdge Advisors LLC now owns 8,670 shares of the construction company’s stock valued at $763,000 after acquiring an additional 5,316 shares during the period. Empowered Funds LLC increased its position in shares of CRH by 5.3% in the 1st quarter. Empowered Funds LLC now owns 13,178 shares of the construction company’s stock valued at $1,159,000 after acquiring an additional 658 shares during the period. Sivia Capital Partners LLC increased its position in shares of CRH by 58.5% in the 2nd quarter. Sivia Capital Partners LLC now owns 4,279 shares of the construction company’s stock valued at $393,000 after acquiring an additional 1,579 shares during the period. Sei Investments Co. increased its position in shares of CRH by 18.9% in the 2nd quarter. Sei Investments Co. now owns 228,288 shares of the construction company’s stock valued at $20,957,000 after acquiring an additional 36,238 shares during the period. Finally, Treasurer of the State of North Carolina increased its position in shares of CRH by 0.7% in the 2nd quarter. Treasurer of the State of North Carolina now owns 316,818 shares of the construction company’s stock valued at $29,084,000 after acquiring an additional 2,348 shares during the period. 62.50% of the stock is owned by institutional investors and hedge funds.

CRH Stock Performance

NYSE:CRH opened at $108.91 on Friday. Crh Plc has a one year low of $86.82 and a one year high of $131.55. The firm has a market cap of $72.77 billion, a price-to-earnings ratio of 20.17, a PEG ratio of 1.86 and a beta of 1.36. The firm’s fifty day moving average is $109.31 and its two-hundred day moving average is $116.40.

CRH (NYSE:CRH) last posted its earnings results on Thursday, April 30th. The construction company reported ($0.20) EPS for the quarter, beating analysts’ consensus estimates of ($0.22) by $0.02. CRH had a return on equity of 15.37% and a net margin of 9.65%.The firm had revenue of $7.37 billion for the quarter, compared to analysts’ expectations of $7.07 billion. The firm’s revenue for the quarter was up 9.1% compared to the same quarter last year. CRH has set its FY 2026 guidance at 5.600-6.050 EPS. As a group, equities research analysts predict that Crh Plc will post 5.92 earnings per share for the current fiscal year.

CRH Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 17th. Stockholders of record on Friday, May 15th will be given a dividend of $0.39 per share. The ex-dividend date is Friday, May 15th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 1.4%. CRH’s dividend payout ratio (DPR) is 28.89%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Weiss Ratings downgraded CRH from a “buy (b)” rating to a “hold (c+)” rating in a research report on Monday, May 4th. DA Davidson set a $120.00 price target on shares of CRH in a report on Friday, February 20th. JPMorgan Chase & Co. upped their price target on shares of CRH from $135.00 to $140.00 and gave the company an “overweight” rating in a report on Tuesday, March 3rd. Wells Fargo & Company upped their price target on shares of CRH from $133.00 to $135.00 and gave the company an “equal weight” rating in a report on Friday, February 20th. Finally, Morgan Stanley reaffirmed an “overweight” rating and issued a $139.00 price target on shares of CRH in a report on Wednesday, April 15th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $139.54.

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.