Crh Plc $CRH Shares Acquired by Investment Management Corp of Ontario

by · The Cerbat Gem

Investment Management Corp of Ontario boosted its position in Crh Plc (NYSE:CRH – Free Report) by 543.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 341,788 shares of the construction company’s stock after acquiring an additional 288,700 shares during the quarter. CRH accounts for 0.6% of Investment Management Corp of Ontario’s investment portfolio, making the stock its 24th biggest position. Investment Management Corp of Ontario owned 0.05% of CRH worth $42,655,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in shares of CRH by 22.7% in the 4th quarter. Vanguard Group Inc. now owns 79,117,664 shares of the construction company’s stock valued at $9,873,884,000 after purchasing an additional 14,623,673 shares in the last quarter. State Street Corp lifted its position in CRH by 81.3% during the fourth quarter. State Street Corp now owns 24,895,205 shares of the construction company’s stock valued at $3,106,927,000 after buying an additional 11,167,189 shares in the last quarter. Geode Capital Management LLC grew its stake in CRH by 67.3% during the fourth quarter. Geode Capital Management LLC now owns 14,709,575 shares of the construction company’s stock worth $1,827,252,000 after buying an additional 5,916,930 shares during the period. Massachusetts Financial Services Co. MA increased its position in shares of CRH by 0.6% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 12,439,954 shares of the construction company’s stock worth $1,552,506,000 after acquiring an additional 78,769 shares in the last quarter. Finally, Norges Bank purchased a new position in shares of CRH in the 4th quarter valued at $1,476,939,000. 62.50% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Weiss Ratings cut shares of CRH from a “buy (b)” rating to a “hold (c+)” rating in a research report on Monday, May 4th. DA Davidson set a $120.00 target price on CRH in a research report on Friday, February 20th. JPMorgan Chase & Co. raised their target price on CRH from $135.00 to $140.00 and gave the company an “overweight” rating in a report 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, Wells Fargo & Company lifted 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 research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, CRH presently has a consensus rating of “Moderate Buy” and an average target price of $139.54.

Check Out Our Latest Stock Analysis on CRH

CRH Price Performance

CRH stock opened at $109.25 on Thursday. Crh Plc has a 12 month low of $86.82 and a 12 month high of $131.55. The company has a fifty day moving average price of $109.88 and a two-hundred day moving average price of $115.84. The company has a market cap of $73.00 billion, a PE ratio of 20.23, a P/E/G ratio of 1.96 and a beta of 1.31.

CRH (NYSE:CRH – Get Free Report) last posted its quarterly earnings results on Thursday, April 30th. The construction company reported ($0.20) earnings per share (EPS) 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 the consensus estimate of $7.07 billion. CRH’s revenue was up 9.1% on a year-over-year basis. CRH has set its FY 2026 guidance at 5.600-6.050 EPS. Equities research analysts anticipate that Crh Plc will post 5.92 earnings per share for the current year.

CRH Announces Dividend

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

About CRH

(Free Report)

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.

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