Evelyn Partners Investment Management LLP Trims Position in Crh Plc $CRH

Evelyn Partners Investment Management LLP trimmed its position in shares of Crh Plc (NYSE:CRH) by 1.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,035,861 shares of the construction company’s stock after selling 12,931 shares during the quarter. CRH accounts for 3.6% of Evelyn Partners Investment Management LLP’s portfolio, making the stock its 7th largest position. Evelyn Partners Investment Management LLP’s holdings in CRH were worth $129,275,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in shares of CRH by 22.7% during the fourth quarter. Vanguard Group Inc. now owns 79,117,664 shares of the construction company’s stock worth $9,873,884,000 after purchasing an additional 14,623,673 shares in the last quarter. State Street Corp boosted its position in shares of CRH by 81.3% during the fourth quarter. State Street Corp now owns 24,895,205 shares of the construction company’s stock worth $3,106,927,000 after purchasing an additional 11,167,189 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of 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 purchasing an additional 5,916,930 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its position in shares of CRH by 0.6% during 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 purchasing an additional 78,769 shares in the last quarter. Finally, Norges Bank bought a new position in shares of CRH during the fourth quarter worth $1,476,939,000. 62.50% of the stock is owned by institutional investors.

CRH Price Performance

Shares of NYSE:CRH opened at $106.41 on Friday. The company’s 50-day moving average price is $109.55 and its two-hundred day moving average price is $115.98. Crh Plc has a one year low of $86.82 and a one year high of $131.55. The stock has a market capitalization of $71.11 billion, a PE ratio of 19.71, a price-to-earnings-growth ratio of 1.85 and a beta of 1.31.

CRH (NYSE:CRH) last issued its quarterly earnings results on Thursday, April 30th. The construction company reported ($0.20) EPS for the quarter, topping the consensus estimate of ($0.22) by $0.02. CRH had a net margin of 9.65% and a return on equity of 15.37%. The firm had revenue of $7.37 billion for the quarter, compared to analysts’ expectations of $7.07 billion. CRH’s revenue for the quarter 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, analysts anticipate that Crh Plc will post 5.92 earnings per share for the current fiscal year.

CRH Announces Dividend

The firm also recently declared 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. The ex-dividend date of this dividend is Friday, May 15th. This represents a $1.56 annualized dividend and a yield of 1.5%. CRH’s payout ratio is 28.89%.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. Morgan Stanley reaffirmed an “overweight” rating and issued a $139.00 price objective on shares of CRH in a research report on Wednesday, April 15th. Weiss Ratings cut shares of CRH from a “buy (b)” rating to a “hold (c+)” rating in a research report on Monday, May 4th. JPMorgan Chase & Co. boosted their price objective on shares of CRH from $135.00 to $140.00 and gave the company an “overweight” rating in a research report on Tuesday, March 3rd. Wells Fargo & Company boosted their price objective 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. Finally, DA Davidson set a $120.00 price objective on shares of CRH in a research report 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 company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus 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.