The Manufacturers Life Insurance Company Has $109.17 Million Stock Holdings in Crh Plc $CRH

The Manufacturers Life Insurance Company boosted its stake in Crh Plc (NYSE:CRH) by 6.9% in the first quarter, Holdings Channel reports. The institutional investor owned 1,040,004 shares of the construction company’s stock after acquiring an additional 67,088 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in CRH were worth $109,166,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of CRH. Waddell & Associates LLC increased its stake in shares of CRH by 3.8% in the fourth quarter. Waddell & Associates LLC now owns 2,352 shares of the construction company’s stock worth $294,000 after acquiring an additional 87 shares during the last quarter. PDS Planning Inc boosted its position in CRH by 2.3% during the fourth quarter. PDS Planning Inc now owns 4,000 shares of the construction company’s stock valued at $499,000 after purchasing an additional 89 shares during the last quarter. Larson Financial Group LLC boosted its position in CRH by 6.1% during the fourth quarter. Larson Financial Group LLC now owns 1,778 shares of the construction company’s stock valued at $222,000 after purchasing an additional 102 shares during the last quarter. Bell Investment Advisors Inc grew its stake in CRH by 51.2% in the first quarter. Bell Investment Advisors Inc now owns 304 shares of the construction company’s stock valued at $32,000 after purchasing an additional 103 shares in the last quarter. Finally, Optas LLC grew its stake in CRH by 4.5% in the first quarter. Optas LLC now owns 2,695 shares of the construction company’s stock valued at $283,000 after purchasing an additional 117 shares in the last quarter. Institutional investors and hedge funds own 62.50% of the company’s stock.

Wall Street Analyst Weigh In

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

CRH Stock Performance

Shares of CRH opened at $103.48 on Wednesday. The business’s fifty day moving average price is $105.49 and its two-hundred day moving average price is $111.89. The firm has a market capitalization of $69.15 billion, a price-to-earnings ratio of 19.16, a PEG ratio of 1.78 and a beta of 1.32. Crh Plc has a 52 week low of $93.58 and a 52 week high of $131.55.

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. The firm 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 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. As a group, research analysts forecast that Crh Plc will post 5.96 EPS for the current year.

CRH Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 17th. Stockholders of record on Friday, May 15th were issued a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date was Friday, May 15th. CRH’s payout ratio 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.