Clark Capital Management Group Inc. Has $147.49 Million Holdings in Crh Plc $CRH

Clark Capital Management Group Inc. lifted its stake in shares of Crh Plc (NYSE:CRH) by 8.1% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,181,842 shares of the construction company’s stock after acquiring an additional 88,867 shares during the quarter. CRH comprises approximately 0.9% of Clark Capital Management Group Inc.’s holdings, making the stock its 23rd largest position. Clark Capital Management Group Inc. owned about 0.18% of CRH worth $147,494,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Board of the Pension Protection Fund bought a new stake in shares of CRH during the 4th quarter worth about $25,000. Flagship Harbor Advisors LLC bought a new stake in shares of CRH during the 4th quarter worth about $26,000. Harbor Investment Advisory LLC boosted its stake in shares of CRH by 87.6% during the 4th quarter. Harbor Investment Advisory LLC now owns 212 shares of the construction company’s stock worth $26,000 after acquiring an additional 99 shares in the last quarter. Kemnay Advisory Services Inc. bought a new stake in shares of CRH during the 4th quarter worth about $33,000. Finally, Meeder Asset Management Inc. boosted its stake in shares of CRH by 29,400.0% during the 4th quarter. Meeder Asset Management Inc. now owns 295 shares of the construction company’s stock worth $37,000 after acquiring an additional 294 shares in the last quarter. Institutional investors own 62.50% of the company’s stock.

CRH Stock Up 3.0%

Shares of NYSE:CRH opened at $112.85 on Wednesday. The business has a 50 day moving average price of $109.82 and a 200 day moving average price of $115.91. Crh Plc has a twelve month low of $86.82 and a twelve month high of $131.55. The company has a market cap 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 announced its earnings results on Thursday, April 30th. The construction company reported ($0.20) earnings per share for the quarter, beating the consensus estimate of ($0.22) by $0.02. CRH had a return on equity of 15.37% and a net margin of 9.65%.The firm had revenue of $7.37 billion during the quarter, compared to the consensus estimate of $7.07 billion. The business’s revenue was up 9.1% on a year-over-year basis. CRH has set its FY 2026 guidance at 5.600-6.050 EPS. Analysts anticipate that Crh Plc will post 5.92 EPS for the current year.

CRH Announces Dividend

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

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the company. Wells Fargo & Company upped 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. Weiss Ratings downgraded CRH from a “buy (b)” rating to a “hold (c+)” rating in a research note on Monday, May 4th. DA Davidson set a $120.00 price target on CRH in a research note on Friday, February 20th. Morgan Stanley reiterated an “overweight” rating and set a $139.00 price target on shares of CRH in a research note on Wednesday, April 15th. Finally, JPMorgan Chase & Co. upped 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. Two research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price 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.