Crh Plc $CRH is Egerton Capital UK LLP’s 7th Largest Position

Egerton Capital UK LLP reduced its stake in Crh Plc (NYSE:CRH) by 6.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 4,260,846 shares of the construction company’s stock after selling 309,718 shares during the quarter. CRH accounts for 5.4% of Egerton Capital UK LLP’s investment portfolio, making the stock its 7th biggest holding. Egerton Capital UK LLP owned about 0.63% of CRH worth $510,875,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the stock. Vanguard Group Inc. grew its position 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. Massachusetts Financial Services Co. MA lifted its stake in shares of CRH by 24.3% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 12,803,346 shares of the construction company’s stock worth $1,175,347,000 after acquiring an additional 2,499,558 shares during the period. Norges Bank purchased a new stake in shares of CRH in the second quarter valued at about $1,007,932,000. Bank of New York Mellon Corp increased its stake in shares of CRH by 6.6% during the third quarter. Bank of New York Mellon Corp now owns 9,788,282 shares of the construction company’s stock worth $1,173,615,000 after acquiring an additional 603,082 shares during the period. Finally, Boston Partners raised its holdings in CRH by 9.4% during the second quarter. Boston Partners now owns 9,654,828 shares of the construction company’s stock worth $888,810,000 after purchasing an additional 832,027 shares in the last quarter. Hedge funds and other institutional investors own 62.50% of the company’s stock.

CRH Stock Performance

CRH opened at $119.88 on Friday. The business’s fifty day moving average is $124.71 and its two-hundred day moving average is $119.12. The company has a market cap of $80.11 billion, a price-to-earnings ratio of 21.72, a PEG ratio of 2.12 and a beta of 1.33. Crh Plc has a one year low of $76.75 and a one year high of $131.55.

CRH (NYSE:CRH) last announced its quarterly earnings results on Wednesday, February 18th. The construction company reported $1.52 earnings per share 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 net margin of 10.02% and a return on equity of 15.98%. The company’s quarterly revenue was up 6.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.02 EPS. CRH has set its FY 2026 guidance at 5.600-6.050 EPS. On average, analysts predict that Crh Plc will post 5.47 EPS for the current fiscal year.

CRH Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 8th. Shareholders of record on Friday, March 6th will be issued a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 1.3%. This is a boost from CRH’s previous quarterly dividend of $0.37. The ex-dividend date of this dividend is Friday, March 6th. CRH’s payout ratio is currently 20.11%.

Wall Street Analysts Forecast Growth

CRH has been the topic of a number of analyst reports. Royal Bank Of Canada dropped their target price on CRH from $152.00 to $150.00 and set an “outperform” rating on the stock in a research report on Friday, November 7th. Morgan Stanley lifted their price target on CRH from $131.00 to $140.00 and gave the company an “overweight” rating in a research note on Wednesday, December 10th. JPMorgan Chase & Co. upped their price objective on CRH from $130.00 to $135.00 and gave the stock an “overweight” rating in a report on Tuesday, November 11th. Longbow Research began coverage on CRH in a report on Tuesday, December 16th. They issued a “buy” rating and a $160.00 target price for the company. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of CRH in a research note on Monday, December 8th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, CRH presently has an average rating of “Moderate Buy” and a consensus target price of $137.43.

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.