Russell Investments Group Ltd. Lowers Holdings in Crh Plc $CRH

Russell Investments Group Ltd. lowered its position in shares of Crh Plc (NYSE:CRH) by 13.2% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 374,148 shares of the construction company’s stock after selling 56,856 shares during the quarter. Russell Investments Group Ltd. owned 0.06% of CRH worth $44,342,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in CRH. Norges Bank acquired a new position in shares of CRH during the second quarter worth about $1,007,932,000. Massachusetts Financial Services Co. MA lifted its position in CRH by 24.3% in the second quarter. Massachusetts Financial Services Co. MA now owns 12,803,346 shares of the construction company’s stock valued at $1,175,347,000 after purchasing an additional 2,499,558 shares during the period. Artisan Partners Limited Partnership purchased a new stake in CRH in the 3rd quarter valued at approximately $295,798,000. Marshall Wace LLP boosted its holdings in CRH by 45.3% in the 2nd quarter. Marshall Wace LLP now owns 6,031,903 shares of the construction company’s stock valued at $553,729,000 after purchasing an additional 1,881,550 shares in the last quarter. Finally, Citigroup Inc. increased its position in CRH by 229.0% during the 3rd quarter. Citigroup Inc. now owns 1,811,126 shares of the construction company’s stock worth $217,154,000 after purchasing an additional 1,260,558 shares during the period. Institutional investors and hedge funds own 62.50% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on CRH shares. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of CRH in a report on Monday, December 8th. Morgan Stanley raised their target price on CRH from $140.00 to $141.00 and gave the company an “overweight” rating in a report on Monday, March 2nd. Longbow Research assumed coverage on shares of CRH in a research report on Tuesday, December 16th. They set a “buy” rating and a $160.00 target price on the stock. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of CRH in a research note on Monday, December 22nd. Finally, JPMorgan Chase & Co. increased their price target on shares of CRH from $135.00 to $140.00 and gave the company an “overweight” rating in a report on Tuesday, March 3rd. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, CRH presently has an average rating of “Moderate Buy” and an average price target of $137.86.

CRH Trading Down 2.1%

NYSE:CRH opened at $104.00 on Thursday. Crh Plc has a 12-month low of $76.75 and a 12-month high of $131.55. The firm has a market cap of $69.50 billion, a price-to-earnings ratio of 18.84, a price-to-earnings-growth ratio of 1.86 and a beta of 1.33. The company’s 50-day moving average is $121.98 and its two-hundred day moving average is $119.05.

CRH (NYSE:CRH) last issued its quarterly earnings results on Wednesday, February 18th. The construction company reported $1.52 EPS for the quarter, missing analysts’ consensus estimates of $2.20 by ($0.68). The firm had revenue of $5.42 billion for the quarter, compared to analysts’ expectations of $11.15 billion. CRH had a return on equity of 15.98% and a net margin of 10.02%.The business’s quarterly revenue was up 6.2% compared to the same quarter last year. During the same quarter last year, the firm earned $1.02 earnings per share. CRH has set its FY 2026 guidance at 5.600-6.050 EPS. On average, equities research analysts forecast that Crh Plc will post 5.47 earnings per share for the current fiscal year.

CRH Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 8th. Shareholders of record on Friday, March 6th will be issued a $0.39 dividend. This is a boost from CRH’s previous quarterly dividend of $0.37. The ex-dividend date is Friday, March 6th. This represents a $1.56 annualized dividend and a yield of 1.5%. CRH’s payout ratio is presently 28.26%.

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.