Anchor Capital Advisors LLC Has $79.99 Million Stake in Crh Plc $CRH

Anchor Capital Advisors LLC trimmed its position in Crh Plc (NYSE:CRH) by 1.6% during the 4th quarter, Holdings Channel.com reports. The firm owned 640,902 shares of the construction company’s stock after selling 10,448 shares during the period. CRH comprises 2.3% of Anchor Capital Advisors LLC’s investment portfolio, making the stock its 2nd largest position. Anchor Capital Advisors LLC’s holdings in CRH were worth $79,985,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of CRH. Board of the Pension Protection Fund purchased a new stake in shares of CRH in the 4th quarter worth about $25,000. Harbor Investment Advisory LLC lifted its position in CRH by 87.6% during the 4th quarter. Harbor Investment Advisory LLC now owns 212 shares of the construction company’s stock valued at $26,000 after acquiring an additional 99 shares during the period. Flagship Harbor Advisors LLC bought a new stake in CRH during the fourth quarter worth about $26,000. United Community Bank grew its stake in shares of CRH by 359.6% in the 3rd quarter. United Community Bank now owns 239 shares of the construction company’s stock worth $29,000 after buying an additional 187 shares during the last quarter. Finally, Riggs Asset Managment Co. Inc. raised its stake in CRH by 1,835.3% during the second quarter. Riggs Asset Managment Co. Inc. now owns 329 shares of the construction company’s stock valued at $30,000 after buying an additional 312 shares during the last quarter. Institutional investors own 62.50% of the company’s stock.

CRH Price Performance

NYSE:CRH opened at $106.57 on Wednesday. Crh Plc has a one year low of $86.82 and a one year high of $131.55. The business has a fifty day moving average price of $109.43 and a 200-day moving average price of $116.37. The firm has a market capitalization of $71.21 billion, a price-to-earnings ratio of 19.73, a price-to-earnings-growth ratio of 1.86 and a beta of 1.31.

CRH (NYSE:CRH) last released its earnings results on Thursday, April 30th. The construction company reported ($0.20) earnings per share for the quarter, beating the consensus estimate of ($0.22) by $0.02. CRH had a return on equity of 15.37% and a net margin of 9.65%.The company had revenue of $7.37 billion for the quarter, compared to the consensus estimate of $7.07 billion. CRH’s revenue for the quarter was up 9.1% compared to the same quarter last year. CRH has set its FY 2026 guidance at 5.600-6.050 EPS. On average, equities research analysts expect that Crh Plc will post 5.92 earnings per share for the current fiscal year.

CRH Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 17th. Shareholders of record on Friday, May 15th will be paid a dividend of $0.39 per share. The ex-dividend date is Friday, May 15th. This represents a $1.56 dividend on an annualized basis and a yield of 1.5%. CRH’s dividend payout ratio (DPR) is presently 28.89%.

Analysts Set New Price Targets

A number of analysts have weighed in on CRH shares. Morgan Stanley restated an “overweight” rating and set a $139.00 price objective on shares of CRH in a research note on Wednesday, April 15th. Weiss Ratings cut CRH from a “buy (b)” rating to a “hold (c+)” rating in a research note on Monday, May 4th. Wells Fargo & Company upped their price target on CRH from $133.00 to $135.00 and gave the company an “equal weight” rating in a report on Friday, February 20th. DA Davidson set a $120.00 target price on shares of CRH in a research note on Friday, February 20th. Finally, JPMorgan Chase & Co. raised 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, twelve have given a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, CRH currently has an average rating of “Moderate Buy” and a consensus price target of $139.54.

CRH 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.