Crh Plc $CRH Shares Sold by River Road Asset Management LLC

River Road Asset Management LLC lowered its position in shares of Crh Plc (NYSE:CRH) by 29.7% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,036,775 shares of the construction company’s stock after selling 438,669 shares during the quarter. CRH accounts for 1.4% of River Road Asset Management LLC’s investment portfolio, making the stock its 18th largest holding. River Road Asset Management LLC owned 0.15% of CRH worth $129,390,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. raised its holdings in 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 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 purchasing an additional 11,167,189 shares in the last quarter. Geode Capital Management LLC boosted 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 purchasing an additional 5,916,930 shares in the last quarter. Massachusetts Financial Services Co. MA increased its position in CRH by 0.6% during the 4th 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 during the period. Finally, Norges Bank acquired a new position in CRH during the 4th quarter worth approximately $1,476,939,000. Institutional investors and hedge funds own 62.50% of the company’s stock.

CRH Trading Up 1.9%

Shares of CRH stock opened at $111.45 on Friday. Crh Plc has a 12-month low of $86.82 and a 12-month high of $131.55. The stock has a market cap of $74.47 billion, a PE ratio of 20.64, a price-to-earnings-growth ratio of 1.90 and a beta of 1.31. The company has a 50-day moving average of $109.99 and a two-hundred day moving average of $115.78.

CRH (NYSE:CRH) last announced 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. The business had revenue of $7.37 billion for the quarter, compared to analyst estimates of $7.07 billion. CRH had a return on equity of 15.37% and a net margin of 9.65%.The company’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, sell-side analysts forecast that Crh Plc will post 5.92 EPS for the current fiscal year.

CRH Dividend Announcement

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

Analysts Set New Price Targets

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

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.