O Shaughnessy Asset Management LLC Lowers Position in Crh Plc $CRH

O Shaughnessy Asset Management LLC cut its stake in shares of Crh Plc (NYSE:CRH) by 25.8% in the fourth quarter, HoldingsChannel reports. The fund owned 185,637 shares of the construction company’s stock after selling 64,696 shares during the period. O Shaughnessy Asset Management LLC’s holdings in CRH were worth $23,076,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in shares of CRH by 22.7% in the fourth quarter. Vanguard Group Inc. now owns 79,117,664 shares of the construction company’s stock worth $9,873,884,000 after acquiring an additional 14,623,673 shares during the period. Norges Bank bought a new stake in CRH during the 4th quarter valued at approximately $1,476,939,000. Geode Capital Management LLC lifted its holdings in CRH by 67.3% in the 4th quarter. Geode Capital Management LLC now owns 14,709,575 shares of the construction company’s stock worth $1,827,252,000 after purchasing an additional 5,916,930 shares in the last quarter. Artisan Partners Limited Partnership purchased a new position in CRH in the 3rd quarter worth approximately $295,798,000. Finally, National Pension Service bought a new position in CRH in the 4th quarter worth approximately $258,172,000. 62.50% of the stock is owned by hedge funds and other institutional investors.

CRH Trading Down 3.3%

Shares of CRH stock opened at $101.60 on Tuesday. Crh Plc has a 12-month low of $86.82 and a 12-month high of $131.55. The stock’s 50-day moving average price is $109.54 and its 200-day moving average price is $116.19. The stock has a market capitalization of $67.89 billion, a price-to-earnings ratio of 18.81, a price-to-earnings-growth ratio of 1.83 and a beta of 1.31.

CRH (NYSE:CRH) last issued its quarterly earnings data on Thursday, April 30th. The construction company reported ($0.20) earnings per share (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 business had revenue of $7.37 billion for the quarter, compared to the consensus estimate of $7.07 billion. The firm’s revenue for the quarter was up 9.1% on a year-over-year basis. CRH has set its FY 2026 guidance at 5.600-6.050 EPS. As a group, research analysts predict that Crh Plc will post 5.92 EPS for the current fiscal year.

CRH Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 17th. Investors of record on Friday, May 15th will be paid a $0.39 dividend. The ex-dividend date of this dividend is Friday, May 15th. This represents a $1.56 annualized dividend and a yield of 1.5%. CRH’s dividend payout ratio is 28.89%.

Wall Street Analysts Forecast Growth

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

CRH 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.