Renaissance Group LLC Reduces Position in Crh Plc $CRH

Renaissance Group LLC trimmed its position in Crh Plc (NYSE:CRH) by 7.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 75,261 shares of the construction company’s stock after selling 5,802 shares during the period. Renaissance Group LLC’s holdings in CRH were worth $9,393,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Saturna Capital Corp grew its stake in CRH by 55.9% during the 4th quarter. Saturna Capital Corp now owns 174,605 shares of the construction company’s stock valued at $21,791,000 after purchasing an additional 62,583 shares during the last quarter. Wellspring Financial Advisors LLC raised its stake in shares of CRH by 226.5% in the fourth quarter. Wellspring Financial Advisors LLC now owns 8,627 shares of the construction company’s stock worth $1,077,000 after purchasing an additional 5,985 shares during the last quarter. Zions Bancorporation National Association UT lifted its holdings in shares of CRH by 7.4% during the fourth quarter. Zions Bancorporation National Association UT now owns 8,277 shares of the construction company’s stock worth $1,033,000 after purchasing an additional 567 shares during the period. Janney Montgomery Scott LLC lifted its holdings in shares of CRH by 5.1% during the fourth quarter. Janney Montgomery Scott LLC now owns 48,877 shares of the construction company’s stock worth $6,100,000 after purchasing an additional 2,354 shares during the period. Finally, Metis Global Partners LLC boosted its position in CRH by 63.8% in the fourth quarter. Metis Global Partners LLC now owns 34,318 shares of the construction company’s stock valued at $4,283,000 after buying an additional 13,364 shares during the last quarter. Hedge funds and other institutional investors own 62.50% of the company’s stock.

CRH Stock Performance

NYSE:CRH opened at $100.17 on Thursday. The stock has a market capitalization of $66.93 billion, a PE ratio of 18.55, a P/E/G ratio of 1.80 and a beta of 1.31. Crh Plc has a fifty-two week low of $86.82 and a fifty-two week high of $131.55. The company has a fifty day moving average of $109.55 and a two-hundred day moving average of $116.08.

CRH (NYSE:CRH) last released its earnings results on Thursday, April 30th. The construction company reported ($0.20) EPS for the quarter, topping analysts’ consensus estimates of ($0.22) by $0.02. CRH had a net margin of 9.65% and a return on equity of 15.37%. The business had revenue of $7.37 billion during the quarter, compared to analysts’ expectations of $7.07 billion. The business’s quarterly 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. Research analysts forecast that Crh Plc will post 5.92 earnings per share for the current year.

CRH Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 17th. Shareholders of record on Friday, May 15th will be paid a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 1.6%. The ex-dividend date is Friday, May 15th. CRH’s payout ratio is 28.89%.

Analyst Upgrades and Downgrades

CRH has been the subject of a number of recent research reports. Weiss Ratings lowered shares of CRH from a “buy (b)” rating to a “hold (c+)” rating in a research report on Monday, May 4th. Wells Fargo & Company upped their price objective 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. DA Davidson set a $120.00 target price on shares of CRH in a report on Friday, February 20th. Morgan Stanley restated an “overweight” rating and set a $139.00 target price on shares of CRH in a research report on Wednesday, April 15th. Finally, 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. Two analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, CRH has a consensus rating of “Moderate Buy” and an average target price 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.