William Blair Investment Management LLC Has $8.74 Million Holdings in Crh Plc $CRH

William Blair Investment Management LLC cut its stake in Crh Plc (NYSE:CRH) by 30.4% in the fourth quarter, Holdings Channel.com reports. The firm owned 70,051 shares of the construction company’s stock after selling 30,667 shares during the period. William Blair Investment Management LLC’s holdings in CRH were worth $8,742,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently bought and sold shares of CRH. JFS Wealth Advisors LLC increased its stake in shares of CRH by 12.1% in the 4th quarter. JFS Wealth Advisors LLC now owns 794 shares of the construction company’s stock valued at $99,000 after buying an additional 86 shares during the period. PDS Planning Inc lifted its stake in shares of 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 acquiring an additional 89 shares during the period. UMB Bank n.a. boosted its holdings in CRH by 34.8% in the third quarter. UMB Bank n.a. now owns 356 shares of the construction company’s stock valued at $43,000 after acquiring an additional 92 shares during the last quarter. Crossmark Global Holdings Inc. boosted its holdings in CRH by 2.4% in the third quarter. Crossmark Global Holdings Inc. now owns 4,126 shares of the construction company’s stock valued at $495,000 after acquiring an additional 96 shares during the last quarter. Finally, Harbor Investment Advisory LLC increased its position in CRH by 87.6% in the fourth quarter. Harbor Investment Advisory LLC now owns 212 shares of the construction company’s stock worth $26,000 after purchasing an additional 99 shares during the period. 62.50% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have weighed in on CRH shares. Morgan Stanley reissued an “overweight” rating and set a $139.00 price objective on shares of CRH in a report on Wednesday, April 15th. DA Davidson set a $120.00 price target on shares of CRH in a research report on Friday, February 20th. JPMorgan Chase & Co. boosted their price target on shares of CRH from $135.00 to $140.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 3rd. Weiss Ratings lowered shares of CRH from a “buy (b)” rating to a “hold (c+)” rating in a report on Monday, May 4th. Finally, Wells Fargo & Company raised their price objective on shares of CRH from $133.00 to $135.00 and gave the company an “equal weight” rating in a research note on Friday, February 20th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $139.54.

CRH Stock Performance

Shares of NYSE:CRH opened at $102.24 on Wednesday. The company has a 50 day moving average price of $109.06 and a two-hundred day moving average price of $116.56. The company has a market capitalization of $68.32 billion, a PE ratio of 18.93, a PEG ratio of 1.75 and a beta of 1.36. Crh Plc has a 52 week low of $86.82 and a 52 week high of $131.55.

CRH (NYSE:CRH) last announced its quarterly earnings results on Thursday, April 30th. The construction company reported ($0.20) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.22) by $0.02. CRH had a net margin of 9.65% and a return on equity of 15.37%. The company had revenue of $7.37 billion for the quarter, compared to analysts’ expectations of $7.07 billion. CRH’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. On average, sell-side analysts forecast that Crh Plc will post 5.92 earnings per share for the current year.

CRH Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 17th. Shareholders of record on Friday, May 15th will be issued 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 1.5%. CRH’s payout ratio is currently 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.