Royal London Asset Management Ltd. Acquires 83,820 Shares of Crh Plc $CRH

Royal London Asset Management Ltd. boosted its position in shares of Crh Plc (NYSE:CRH) by 12.1% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 777,754 shares of the construction company’s stock after buying an additional 83,820 shares during the period. Royal London Asset Management Ltd. owned approximately 0.12% of CRH worth $97,064,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of CRH. Vanguard Group Inc. grew its stake in CRH by 22.7% during the fourth quarter. Vanguard Group Inc. now owns 79,117,664 shares of the construction company’s stock worth $9,873,884,000 after buying an additional 14,623,673 shares in the last quarter. Norges Bank acquired a new stake in CRH during the fourth quarter worth about $1,476,939,000. Geode Capital Management LLC grew its stake in CRH by 67.3% during the fourth quarter. Geode Capital Management LLC now owns 14,709,575 shares of the construction company’s stock worth $1,827,252,000 after buying an additional 5,916,930 shares in the last quarter. Artisan Partners Limited Partnership acquired a new stake in CRH during the third quarter worth about $295,798,000. Finally, National Pension Service acquired a new stake in CRH during the fourth quarter worth about $258,172,000. 62.50% of the stock is currently owned by institutional investors and hedge funds.

CRH Price Performance

NYSE:CRH opened at $106.41 on Friday. The firm’s 50 day simple moving average is $109.55 and its 200 day simple moving average is $115.98. Crh Plc has a one year low of $86.82 and a one year high of $131.55. The company has a market cap of $71.11 billion, a PE ratio of 19.71, a P/E/G ratio of 1.82 and a beta of 1.31.

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

CRH Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 17th. Shareholders of record on Friday, May 15th will be issued a dividend of $0.39 per share. The ex-dividend date is Friday, May 15th. This represents a $1.56 annualized dividend and a yield of 1.5%. CRH’s dividend payout ratio (DPR) is presently 28.89%.

Wall Street Analyst Weigh In

CRH has been the topic of a number of analyst reports. Morgan Stanley reiterated an “overweight” rating and set a $139.00 price objective on shares of CRH in a research note on Wednesday, April 15th. JPMorgan Chase & Co. raised their price target 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. DA Davidson set a $120.00 target price on shares of CRH in a research report on Friday, February 20th. Weiss Ratings downgraded shares of CRH from a “buy (b)” rating to a “hold (c+)” rating in a research report on Monday, May 4th. Finally, Wells Fargo & Company lifted their target price on shares of CRH from $133.00 to $135.00 and gave the stock an “equal weight” rating in a research report on Friday, February 20th. Two research 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. According to MarketBeat, CRH has a consensus rating of “Moderate Buy” and a consensus target price 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.