Crh Plc $CRH Shares Sold by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky cut its stake in shares of Crh Plc (NYSE:CRH) by 10.3% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 291,840 shares of the construction company’s stock after selling 33,400 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in CRH were worth $34,992,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in CRH. CI Investments Inc. boosted its holdings in CRH by 30,689.3% during the third quarter. CI Investments Inc. now owns 591,155 shares of the construction company’s stock worth $70,879,000 after buying an additional 589,235 shares in the last quarter. Focus Partners Advisor Solutions LLC lifted its position in shares of CRH by 66.8% during the 3rd quarter. Focus Partners Advisor Solutions LLC now owns 7,065 shares of the construction company’s stock valued at $821,000 after acquiring an additional 2,830 shares during the period. 111 Capital boosted its stake in shares of CRH by 42.8% during the 3rd quarter. 111 Capital now owns 8,158 shares of the construction company’s stock worth $978,000 after acquiring an additional 2,444 shares in the last quarter. APG Asset Management N.V. grew its holdings in shares of CRH by 0.4% in the 3rd quarter. APG Asset Management N.V. now owns 448,907 shares of the construction company’s stock worth $53,824,000 after acquiring an additional 1,936 shares during the period. Finally, Aviso Financial Inc. increased its stake in CRH by 10.7% in the 3rd quarter. Aviso Financial Inc. now owns 1,268 shares of the construction company’s stock valued at $152,000 after purchasing an additional 123 shares in the last quarter. Hedge funds and other institutional investors own 62.50% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on CRH shares. JPMorgan Chase & Co. boosted their target price on CRH from $130.00 to $135.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 11th. BNP Paribas Exane upgraded shares of CRH to a “strong-buy” rating in a research report on Friday, January 23rd. Wells Fargo & Company increased 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. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of CRH in a report on Monday, December 8th. Finally, Citigroup upped their price target on shares of CRH from $142.00 to $155.00 and gave the company a “buy” rating in a report on Thursday, January 8th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $137.50.

CRH Price Performance

NYSE CRH opened at $117.72 on Tuesday. The company has a market cap of $78.66 billion, a P/E ratio of 21.33, a P/E/G ratio of 2.10 and a beta of 1.33. Crh Plc has a 12 month low of $76.75 and a 12 month high of $131.55. The company has a 50-day moving average of $124.54 and a 200-day moving average of $119.25.

CRH (NYSE:CRH) last released its earnings results on Wednesday, February 18th. The construction company reported $1.52 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.20 by ($0.68). The company 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%. CRH’s revenue for the quarter was up 6.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.02 earnings per share. CRH has set its FY 2026 guidance at 5.600-6.050 EPS. As a group, equities research analysts anticipate that Crh Plc will post 5.47 EPS for the current year.

CRH Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 8th. Investors of record on Friday, March 6th will be given a $0.39 dividend. This is an increase from CRH’s previous quarterly dividend of $0.37. The ex-dividend date of this dividend is Friday, March 6th. This represents a $1.56 annualized dividend and a dividend yield of 1.3%. CRH’s dividend payout ratio is 20.11%.

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.