752,700 Shares in Crh Plc $CRH Acquired by Renaissance Technologies LLC

Renaissance Technologies LLC bought a new position in Crh Plc (NYSE:CRH) in the first quarter, HoldingsChannel reports. The institutional investor bought 752,700 shares of the construction company’s stock, valued at approximately $79,124,000.

Several other hedge funds have also recently modified their holdings of the business. Pacific Capital Partners Ltd raised its stake in CRH by 47.1% during the 4th quarter. Pacific Capital Partners Ltd now owns 43,750 shares of the construction company’s stock valued at $5,460,000 after buying an additional 14,000 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of CRH by 680.6% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 119,237 shares of the construction company’s stock worth $14,881,000 after buying an additional 103,962 shares during the last quarter. Principal Financial Group Inc. grew its holdings in shares of CRH by 33.2% in the fourth quarter. Principal Financial Group Inc. now owns 3,021,734 shares of the construction company’s stock worth $377,112,000 after acquiring an additional 752,463 shares during the period. Alphinity Investment Management Pty Ltd increased its position in CRH by 3.3% during the fourth quarter. Alphinity Investment Management Pty Ltd now owns 4,337,447 shares of the construction company’s stock valued at $541,313,000 after acquiring an additional 137,048 shares during the last quarter. Finally, Mirabaud Asset Management Ltd increased its position in CRH by 38.2% during the fourth quarter. Mirabaud Asset Management Ltd now owns 98,038 shares of the construction company’s stock valued at $12,235,000 after acquiring an additional 27,118 shares during the last quarter. Hedge funds and other institutional investors own 62.50% of the company’s stock.

Wall Street Analysts Forecast Growth

CRH has been the subject of a number of recent research reports. Wells Fargo & Company cut their price target on CRH from $135.00 to $132.00 and set an “overweight” rating for the company in a research note on Wednesday, July 8th. Jefferies Financial Group raised their price objective on shares of CRH from $149.00 to $165.60 and gave the stock a “buy” rating in a report on Friday, June 26th. Sanford C. Bernstein restated an “outperform” rating on shares of CRH in a research report on Tuesday, June 23rd. Morgan Stanley reiterated an “overweight” rating and issued a $139.00 price target on shares of CRH in a research report on Wednesday, April 15th. Finally, Weiss Ratings cut shares of CRH from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, June 18th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, CRH currently has a consensus rating of “Buy” and a consensus price target of $141.19.

CRH Price Performance

Shares of CRH stock opened at $99.99 on Friday. Crh Plc has a one year low of $93.58 and a one year high of $131.55. The company has a market capitalization of $66.81 billion, a price-to-earnings ratio of 18.52, a PEG ratio of 1.72 and a beta of 1.32. The company’s fifty day moving average price is $105.41 and its 200-day moving average price is $112.33.

CRH (NYSE:CRH) last posted its quarterly earnings results on Thursday, April 30th. The construction company reported ($0.20) 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 analysts’ expectations 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 5.96 earnings per share for the current fiscal year.

CRH Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 17th. Investors of record on Friday, May 15th were 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 of this dividend was Friday, May 15th. CRH’s dividend payout ratio (DPR) is 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.