Opal Capital LLC Takes $6.83 Million Position in Crh Plc $CRH

Opal Capital LLC acquired a new stake in Crh Plc (NYSE:CRH) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 54,757 shares of the construction company’s stock, valued at approximately $6,834,000. CRH comprises about 1.7% of Opal Capital LLC’s investment portfolio, making the stock its 19th biggest position.

A number of other institutional investors also recently modified their holdings of CRH. Vanguard Group Inc. lifted its position in shares of CRH by 22.7% during the 4th quarter. Vanguard Group Inc. now owns 79,117,664 shares of the construction company’s stock valued at $9,873,884,000 after acquiring an additional 14,623,673 shares during the period. Norges Bank acquired a new position in shares of CRH during the 4th quarter valued at $1,476,939,000. State Street Corp lifted its position in shares of CRH by 81.3% during the 4th quarter. State Street Corp now owns 24,895,205 shares of the construction company’s stock valued at $3,106,927,000 after acquiring an additional 11,167,189 shares during the period. Geode Capital Management LLC lifted its position in shares of CRH by 67.3% during the 4th quarter. Geode Capital Management LLC now owns 14,709,575 shares of the construction company’s stock valued at $1,827,252,000 after acquiring an additional 5,916,930 shares during the period. Finally, Artisan Partners Limited Partnership acquired a new position in shares of CRH during the 3rd quarter valued at $295,798,000. Institutional investors and hedge funds own 62.50% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on CRH. Wells Fargo & Company boosted their target price on shares of CRH from $133.00 to $135.00 and gave the company an “equal weight” rating in a research report on Friday, February 20th. JPMorgan Chase & Co. boosted their target price on shares of CRH from $135.00 to $140.00 and gave the company an “overweight” rating in a research report on Tuesday, March 3rd. Morgan Stanley reiterated an “overweight” rating and set a $139.00 target price on shares of CRH in a research 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. Finally, Weiss Ratings downgraded shares of CRH from a “buy (b)” rating to a “hold (c+)” rating in a research report on Monday, May 4th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, CRH currently has a consensus rating of “Moderate Buy” and a consensus price target of $139.54.

CRH Price Performance

Shares of CRH stock opened at $112.85 on Wednesday. The firm has a 50-day moving average of $109.82 and a 200-day moving average of $115.91. The company has a market cap of $75.41 billion, a P/E ratio of 20.90, a P/E/G ratio of 1.91 and a beta of 1.31. Crh Plc has a one year low of $86.82 and a one year high of $131.55.

CRH (NYSE:CRH) last posted its quarterly earnings results on Thursday, April 30th. The construction company reported ($0.20) earnings per share for the quarter, beating the consensus estimate of ($0.22) by $0.02. The company had revenue of $7.37 billion during the quarter, compared to analyst estimates of $7.07 billion. CRH had a net margin of 9.65% and a return on equity of 15.37%. The business’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. As a group, research analysts expect that Crh Plc will post 5.92 earnings per share for the current fiscal year.

CRH Dividend Announcement

The business also recently declared 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 is Friday, May 15th. This represents a $1.56 annualized dividend and a yield of 1.4%. CRH’s dividend payout ratio is presently 28.89%.

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.