Clark Capital Management Group Inc. Purchases 88,867 Shares of Crh Plc $CRH

Clark Capital Management Group Inc. grew its position in Crh Plc (NYSE:CRH) by 8.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,181,842 shares of the construction company’s stock after acquiring an additional 88,867 shares during the quarter. CRH accounts for about 0.9% of Clark Capital Management Group Inc.’s holdings, making the stock its 23rd largest position. Clark Capital Management Group Inc.’s holdings in CRH were worth $147,494,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the company. London Co. of Virginia lifted its position in shares of CRH by 2.6% in the 4th quarter. London Co. of Virginia now owns 40,964 shares of the construction company’s stock worth $5,112,000 after acquiring an additional 1,023 shares during the period. Kemnay Advisory Services Inc. bought a new stake in shares of CRH in the 4th quarter worth approximately $33,000. Captrust Financial Advisors lifted its position in shares of CRH by 4.7% in the 4th quarter. Captrust Financial Advisors now owns 495,543 shares of the construction company’s stock worth $61,847,000 after acquiring an additional 22,214 shares during the period. &PARTNERS lifted its position in shares of CRH by 12.6% in the 4th quarter. &PARTNERS now owns 24,810 shares of the construction company’s stock worth $3,070,000 after acquiring an additional 2,783 shares during the period. Finally, Manchester Global Management UK Ltd lifted its position in shares of CRH by 171.7% in the 4th quarter. Manchester Global Management UK Ltd now owns 244,190 shares of the construction company’s stock worth $30,475,000 after acquiring an additional 154,326 shares during the period. Institutional investors own 62.50% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on CRH. DA Davidson set a $120.00 price objective on CRH in a research report on Friday, February 20th. JPMorgan Chase & Co. increased their target price on CRH from $135.00 to $140.00 and gave the stock an “overweight” rating in a report on Tuesday, March 3rd. Wells Fargo & Company increased their target price on CRH from $133.00 to $135.00 and gave the stock an “equal weight” rating in a report on Friday, February 20th. Morgan Stanley reissued an “overweight” rating and issued a $139.00 target price on shares of CRH in a report on Wednesday, April 15th. Finally, Weiss Ratings cut CRH from a “buy (b)” rating to a “hold (c+)” rating in a report on Monday, May 4th. Two equities research 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. According to data from MarketBeat.com, CRH presently has an average rating of “Moderate Buy” and an average price target of $139.54.

CRH Trading Up 3.0%

Shares of CRH opened at $112.85 on Wednesday. Crh Plc has a 1 year low of $86.82 and a 1 year high of $131.55. The stock has a 50 day simple moving average of $109.82 and a 200-day simple moving average of $115.91. The stock has a market cap of $75.41 billion, a PE ratio of 20.90, a PEG ratio of 1.91 and a beta of 1.31.

CRH (NYSE:CRH) last issued its earnings results on Thursday, April 30th. The construction company reported ($0.20) earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to analysts’ expectations of $7.07 billion. The firm’s revenue was up 9.1% on a year-over-year basis. CRH has set its FY 2026 guidance at 5.600-6.050 EPS. On average, sell-side analysts forecast that Crh Plc will post 5.92 EPS for the current fiscal year.

CRH Announces Dividend

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

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.