iA Global Asset Management Inc. Invests $129.47 Million in Crh Plc $CRH

iA Global Asset Management Inc. purchased a new position in shares of Crh Plc (NYSE:CRH) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 1,037,453 shares of the construction company’s stock, valued at approximately $129,474,000. CRH accounts for approximately 1.6% of iA Global Asset Management Inc.’s portfolio, making the stock its 12th biggest holding.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. AlphaCore Capital LLC grew its stake in shares of CRH by 15.3% during the 4th quarter. AlphaCore Capital LLC now owns 2,428 shares of the construction company’s stock worth $303,000 after acquiring an additional 323 shares during the period. DNB Asset Management AS grew its stake in shares of CRH by 5.4% during the 4th quarter. DNB Asset Management AS now owns 279,894 shares of the construction company’s stock worth $34,931,000 after acquiring an additional 14,380 shares during the period. Commerzbank Aktiengesellschaft FI bought a new position in shares of CRH during the 4th quarter worth $407,000. Bessemer Group Inc. grew its stake in shares of CRH by 9.0% during the 4th quarter. Bessemer Group Inc. now owns 4,017,558 shares of the construction company’s stock worth $501,392,000 after acquiring an additional 332,466 shares during the period. Finally, Thrivent Financial for Lutherans bought a new position in shares of CRH during the 4th quarter worth $3,561,000. Institutional investors own 62.50% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on CRH shares. Wells Fargo & Company increased their price target on CRH from $133.00 to $135.00 and gave the stock an “equal weight” rating in a research note on Friday, February 20th. JPMorgan Chase & Co. increased their price target on CRH from $135.00 to $140.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 3rd. Morgan Stanley reissued an “overweight” rating and set a $139.00 price objective on shares of CRH in a report on Wednesday, April 15th. DA Davidson set a $120.00 target price on CRH in a research note on Friday, February 20th. Finally, Weiss Ratings lowered CRH from a “buy (b)” rating to a “hold (c+)” rating in a report on Monday, May 4th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $139.54.

CRH Stock Down 3.9%

CRH stock opened at $103.40 on Friday. The firm has a market capitalization of $69.09 billion, a PE ratio of 19.15, a PEG ratio of 1.80 and a beta of 1.36. Crh Plc has a twelve month low of $86.82 and a twelve month high of $131.55. The stock has a 50-day simple moving average of $109.58 and a two-hundred day simple moving average of $117.41.

CRH (NYSE:CRH) last posted its earnings results on Thursday, April 30th. The construction company reported ($0.20) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.22) by $0.02. CRH had a return on equity of 15.37% and a net margin of 9.65%.The business had revenue of $7.37 billion during the quarter, compared to analyst estimates of $7.07 billion. The company’s revenue was up 9.1% compared to the same quarter last year. CRH has set its FY 2026 guidance at 5.600-6.050 EPS. On average, equities research analysts anticipate that Crh Plc will post 5.9 EPS for the current fiscal year.

CRH Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 17th. Investors of record on Friday, May 15th will be given a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 1.5%. The ex-dividend date is Friday, May 15th. CRH’s dividend payout ratio is 28.89%.

About CRH

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.