Makena Capital Management LLC Buys New Stake in Crh Plc $CRH

Makena Capital Management LLC bought a new stake in Crh Plc (NYSE:CRH) in the 4th quarter, Holdings Channel.com reports. The fund bought 132,428 shares of the construction company’s stock, valued at approximately $16,527,000. CRH accounts for about 2.0% of Makena Capital Management LLC’s investment portfolio, making the stock its 21st largest position.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its holdings in 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 during the last quarter. State Street Corp increased its holdings in CRH by 2.9% in the 3rd quarter. State Street Corp now owns 13,728,016 shares of the construction company’s stock valued at $1,645,995,000 after purchasing an additional 392,146 shares during the last quarter. Massachusetts Financial Services Co. MA increased its holdings in CRH by 0.6% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 12,439,954 shares of the construction company’s stock valued at $1,552,506,000 after purchasing an additional 78,769 shares during the last quarter. Boston Partners grew its stake in shares of CRH by 1.7% in the third quarter. Boston Partners now owns 9,816,938 shares of the construction company’s stock worth $1,176,530,000 after acquiring an additional 162,110 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its stake in shares of CRH by 6.6% in 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 in the last quarter. Institutional investors and hedge funds own 62.50% of the company’s stock.

CRH Stock Up 1.0%

Shares of CRH stock opened at $113.72 on Friday. Crh Plc has a 52-week low of $86.82 and a 52-week high of $131.55. The company’s 50-day simple moving average is $110.54 and its 200-day simple moving average is $117.76. The firm has a market cap of $75.99 billion, a price-to-earnings ratio of 21.06, a price-to-earnings-growth ratio of 1.98 and a beta of 1.36.

CRH (NYSE:CRH) last issued 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 business had revenue of $7.37 billion for the quarter, compared to analyst estimates 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. Equities research analysts anticipate that Crh Plc will post 5.94 EPS for the current year.

CRH Announces Dividend

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

Wall Street Analysts Forecast Growth

CRH has been the subject of a number of research reports. Wells Fargo & Company boosted their price target on shares of CRH from $133.00 to $135.00 and gave the company an “equal weight” rating in a research report on Friday, February 20th. BNP Paribas Exane raised shares of CRH to a “strong-buy” rating in a report on Friday, January 23rd. Morgan Stanley reaffirmed an “overweight” rating and issued a $139.00 target price on shares of CRH in a report on Wednesday, April 15th. Weiss Ratings cut shares of CRH from a “buy (b)” rating to a “hold (c+)” rating in a report on Monday. Finally, DA Davidson set a $120.00 price target on shares of CRH in a research note on Friday, February 20th. Two analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, CRH currently has an average rating of “Moderate Buy” and an average 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.