Crh Plc $CRH is Lansdowne Partners UK LLP’s 7th Largest Position

Lansdowne Partners UK LLP lifted its position in shares of Crh Plc (NYSE:CRH) by 23.4% during the third quarter, Holdings Channel reports. The firm owned 648,129 shares of the construction company’s stock after acquiring an additional 122,915 shares during the period. CRH makes up 5.1% of Lansdowne Partners UK LLP’s holdings, making the stock its 7th largest holding. Lansdowne Partners UK LLP’s holdings in CRH were worth $77,711,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in CRH by 1.0% in the 2nd quarter. Vanguard Group Inc. now owns 64,405,066 shares of the construction company’s stock valued at $5,912,385,000 after buying an additional 649,598 shares during the last quarter. Norges Bank purchased a new position in shares of CRH in the 2nd quarter worth approximately $1,007,932,000. Boston Partners boosted its stake in shares of CRH by 1.7% in the 3rd quarter. Boston Partners now owns 9,816,938 shares of the construction company’s stock worth $1,176,530,000 after buying an additional 162,110 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in shares of CRH by 6.6% in the third quarter. Bank of New York Mellon Corp now owns 9,788,282 shares of the construction company’s stock valued at $1,173,615,000 after acquiring an additional 603,082 shares in the last quarter. Finally, Invesco Ltd. grew its holdings in shares of CRH by 0.6% in the third quarter. Invesco Ltd. now owns 7,449,387 shares of the construction company’s stock valued at $893,181,000 after acquiring an additional 45,543 shares in the last quarter. 62.50% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Weiss Ratings reiterated a “buy (b-)” rating on shares of CRH in a report on Monday, December 22nd. Morgan Stanley upped their price objective on CRH from $140.00 to $141.00 and gave the company an “overweight” rating in a research note on Monday, March 2nd. Citigroup raised their target price on CRH from $142.00 to $155.00 and gave the company a “buy” rating in a research report on Thursday, January 8th. Wells Fargo & Company lifted their target price on CRH from $133.00 to $135.00 and gave the stock an “equal weight” rating in a research note on Friday, February 20th. Finally, Jefferies Financial Group reissued a “buy” rating on shares of CRH in a report on Monday, December 1st. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $137.86.

CRH Trading Up 3.2%

CRH stock opened at $103.04 on Tuesday. The business’s 50 day simple moving average is $120.43 and its 200 day simple moving average is $118.83. Crh Plc has a 12 month low of $76.75 and a 12 month high of $131.55. The company has a market cap of $68.86 billion, a price-to-earnings ratio of 18.67, a PEG ratio of 1.74 and a beta of 1.33.

CRH (NYSE:CRH) last released its earnings results on Wednesday, February 18th. The construction company reported $1.52 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.20 by ($0.68). The firm had revenue of $5.42 billion during 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 period in the prior year, the business earned $1.02 earnings per share. CRH has set its FY 2026 guidance at 5.600-6.050 EPS. As a group, equities research analysts forecast that Crh Plc will post 5.47 earnings per share for the current fiscal year.

CRH Increases Dividend

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

CRH Company 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.