Generate Investment Management Ltd Cuts Holdings in Crh Plc $CRH

Generate Investment Management Ltd decreased its holdings in Crh Plc (NYSE:CRH) by 76.7% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 43,528 shares of the construction company’s stock after selling 142,999 shares during the period. Generate Investment Management Ltd’s holdings in CRH were worth $4,576,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the stock. Board of the Pension Protection Fund bought a new stake in CRH during the 4th quarter valued at $25,000. Harbor Investment Advisory LLC raised its position in shares of CRH by 87.6% in the 4th quarter. Harbor Investment Advisory LLC now owns 212 shares of the construction company’s stock worth $26,000 after acquiring an additional 99 shares in the last quarter. Flagship Harbor Advisors LLC purchased a new stake in shares of CRH during the 4th quarter worth $26,000. Riggs Asset Managment Co. Inc. lifted its stake in shares of CRH by 1,835.3% during the 2nd quarter. Riggs Asset Managment Co. Inc. now owns 329 shares of the construction company’s stock worth $30,000 after purchasing an additional 312 shares during the last quarter. Finally, Kemnay Advisory Services Inc. bought a new stake in CRH during the fourth quarter valued at about $33,000. Hedge funds and other institutional investors own 62.50% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on CRH. JPMorgan Chase & Co. lifted their target price on CRH from $135.00 to $140.00 and gave the company an “overweight” rating in a research note on Tuesday, March 3rd. Morgan Stanley restated an “overweight” rating and issued a $139.00 price target on shares of CRH in a report on Wednesday, April 15th. Finally, Weiss Ratings downgraded shares of CRH from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday. Two investment analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $139.54.

CRH Trading Up 0.1%

Shares of CRH opened at $111.33 on Tuesday. The firm has a market cap of $74.39 billion, a PE ratio of 20.62, a P/E/G ratio of 1.94 and a beta of 1.31. Crh Plc has a 12 month low of $86.82 and a 12 month high of $131.55. The stock has a fifty day moving average price of $109.86 and a 200-day moving average price of $115.66.

CRH (NYSE:CRH) last announced its earnings results on Thursday, April 30th. The construction company reported ($0.20) earnings per share for the quarter, topping 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 firm had revenue of $7.37 billion for the quarter, compared to the consensus estimate of $7.07 billion. The firm’s revenue for the quarter was up 9.1% on a year-over-year basis. CRH has set its FY 2026 guidance at 5.600-6.050 EPS. As a group, research analysts forecast that Crh Plc will post 5.92 EPS for the current year.

CRH Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 17th. Stockholders of record on Friday, May 15th were paid a dividend of $0.39 per share. The ex-dividend date was Friday, May 15th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 1.4%. CRH’s payout ratio is presently 28.89%.

CRH News Roundup

Here are the key news stories impacting CRH this week:

• Positive Sentiment: CRH said the Arcosa deal strengthens its U.S. infrastructure platform and builds a more connected business across aggregates, transmission, and related products, which could support longer-term growth. CRH to Acquire Arcosa; Leading U.S. Provider of Aggregates and Critical Infrastructure Products for $8.5B
• Positive Sentiment: The deal gives CRH greater exposure to U.S. infrastructure spending and extends its presence in a market where it already has scale, which may be seen as a smart strategic fit by long-term investors. CRH acquires Arcosa in $8.5 billion all-cash deal
• Neutral Sentiment: CRH also added a former CF Industries CEO to its board, a governance move that could be viewed as supportive but is unlikely to be the main driver of the stock today. CRH Adds Former CF Industries CEO to Its Board; Why Investors Are Paying Attention
• Negative Sentiment: Some market skepticism is emerging because the acquisition is large relative to CRH’s recent moves, and investors may worry about the cash outlay, execution risk, and whether the company is overpaying for growth. CRH to Acquire Arcosa for $8.5 Billion Amid Market Skepticism

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.