Intech Investment Management LLC Purchases 26,909 Shares of Crh Plc $CRH

Intech Investment Management LLC boosted its position in shares of Crh Plc (NYSE:CRH) by 114.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 50,478 shares of the construction company’s stock after purchasing an additional 26,909 shares during the period. Intech Investment Management LLC’s holdings in CRH were worth $6,300,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Principal Financial Group Inc. grew its holdings in CRH by 24.7% during the 3rd quarter. Principal Financial Group Inc. now owns 2,269,271 shares of the construction company’s stock valued at $272,086,000 after purchasing an additional 448,860 shares during the last quarter. Cibc World Market Inc. grew its stake in CRH by 36.2% in the 3rd quarter. Cibc World Market Inc. now owns 56,390 shares of the construction company’s stock worth $6,761,000 after acquiring an additional 14,985 shares in the last quarter. SouthState Bank Corp grew its stake in CRH by 20,243.5% in the 3rd quarter. SouthState Bank Corp now owns 21,971 shares of the construction company’s stock worth $2,634,000 after acquiring an additional 21,863 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its stake in CRH by 680.6% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 119,237 shares of the construction company’s stock worth $14,881,000 after acquiring an additional 103,962 shares in the last quarter. Finally, ING Groep NV grew its stake in CRH by 111.1% in the 3rd quarter. ING Groep NV now owns 551,400 shares of the construction company’s stock worth $66,113,000 after acquiring an additional 290,200 shares in the last quarter. 62.50% of the stock is currently owned by institutional investors.

CRH Stock Performance

Shares of CRH opened at $108.91 on Friday. The company has a 50 day moving average price of $109.31 and a 200-day moving average price of $116.40. Crh Plc has a fifty-two week low of $86.82 and a fifty-two week high of $131.55. The stock has a market capitalization of $72.77 billion, a PE ratio of 20.17, a PEG ratio of 1.89 and a beta of 1.36.

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

CRH Dividend Announcement

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

Wall Street Analysts Forecast Growth

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

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.