Opal Capital LLC Buys Shares of 54,757 Crh Plc $CRH

Opal Capital LLC bought a new stake in Crh Plc (NYSE:CRH) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm bought 54,757 shares of the construction company’s stock, valued at approximately $6,834,000. CRH accounts for about 1.7% of Opal Capital LLC’s holdings, making the stock its 19th biggest holding.

Several other hedge funds have also recently bought and sold shares of the company. 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 buying an additional 14,623,673 shares during the period. State Street Corp increased its holdings in CRH by 81.3% in the 4th quarter. State Street Corp now owns 24,895,205 shares of the construction company’s stock valued at $3,106,927,000 after buying an additional 11,167,189 shares during the period. Geode Capital Management LLC increased its holdings in CRH by 67.3% in the 4th quarter. Geode Capital Management LLC now owns 14,709,575 shares of the construction company’s stock valued at $1,827,252,000 after buying an additional 5,916,930 shares during the period. 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 buying an additional 78,769 shares during the period. Finally, Norges Bank bought a new position in CRH in the 4th quarter valued at about $1,476,939,000. 62.50% of the stock is owned by institutional investors.

CRH Price Performance

CRH opened at $112.85 on Wednesday. The company’s 50 day moving average price is $109.82 and its two-hundred day moving average price is $115.91. Crh Plc has a fifty-two week low of $86.82 and a fifty-two week high of $131.55. The firm has a market capitalization of $75.41 billion, a price-to-earnings ratio of 20.90, a PEG ratio of 1.91 and a beta of 1.31.

CRH (NYSE:CRH) last posted its quarterly earnings data on Thursday, April 30th. The construction company reported ($0.20) EPS for the quarter, beating 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 company had revenue of $7.37 billion for the quarter, compared to analyst estimates of $7.07 billion. CRH’s quarterly revenue was up 9.1% on a year-over-year basis. CRH has set its FY 2026 guidance at 5.600-6.050 EPS. As a group, equities research analysts predict that Crh Plc will post 5.92 EPS for the current year.

CRH Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 17th. Stockholders of record on Friday, May 15th will be paid a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend is Friday, May 15th. CRH’s dividend payout ratio is currently 28.89%.

Wall Street Analysts Forecast Growth

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

CRH Company 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.