Geode Capital Management LLC Grows Stake in Crh Plc $CRH

Geode Capital Management LLC lifted its position in Crh Plc (NYSE:CRH) by 67.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 14,709,575 shares of the construction company’s stock after acquiring an additional 5,916,930 shares during the period. Geode Capital Management LLC’s holdings in CRH were worth $1,827,252,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Principal Financial Group Inc. increased its position in CRH by 24.7% during the 3rd quarter. Principal Financial Group Inc. now owns 2,269,271 shares of the construction company’s stock valued at $272,086,000 after buying an additional 448,860 shares in the last quarter. Cibc World Market Inc. increased its position in CRH by 36.2% during the 3rd quarter. Cibc World Market Inc. now owns 56,390 shares of the construction company’s stock valued at $6,761,000 after buying an additional 14,985 shares in the last quarter. SouthState Bank Corp increased its position in CRH by 20,243.5% during the 3rd quarter. SouthState Bank Corp now owns 21,971 shares of the construction company’s stock valued at $2,634,000 after buying an additional 21,863 shares in the last quarter. ING Groep NV increased its position in CRH by 111.1% during the 3rd quarter. ING Groep NV now owns 551,400 shares of the construction company’s stock valued at $66,113,000 after buying an additional 290,200 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. increased its position in CRH by 680.6% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 119,237 shares of the construction company’s stock valued at $14,881,000 after buying an additional 103,962 shares in the last quarter. Institutional investors own 62.50% of the company’s stock.

CRH Price Performance

Shares of CRH opened at $106.87 on Friday. Crh Plc has a one year low of $86.82 and a one year high of $131.55. The firm has a market capitalization of $71.41 billion, a P/E ratio of 19.79, a PEG ratio of 1.85 and a beta of 1.36. The business has a fifty day moving average of $109.17 and a 200 day moving average of $116.45.

CRH (NYSE:CRH) last issued its quarterly earnings data 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 return on equity of 15.37% and a net margin of 9.65%.The company had revenue of $7.37 billion during the quarter, compared to analyst estimates of $7.07 billion. The business’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. Analysts expect that Crh Plc will post 5.92 EPS for the current fiscal year.

CRH Announces Dividend

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

Wall Street Analyst Weigh In

A number of research firms have commented on CRH. Wells Fargo & Company lifted their target price on CRH from $133.00 to $135.00 and gave the stock an “equal weight” rating in a report on Friday, February 20th. JPMorgan Chase & Co. lifted their target price on CRH from $135.00 to $140.00 and gave the stock an “overweight” rating in a report on Tuesday, March 3rd. DA Davidson set a $120.00 target price on CRH in a report on Friday, February 20th. Morgan Stanley restated an “overweight” rating and set a $139.00 target price on shares of CRH in a research note on Wednesday, April 15th. Finally, Weiss Ratings cut shares of CRH from a “buy (b)” rating to a “hold (c+)” rating in a research note on Monday, May 4th. 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 stock. Based on data from MarketBeat.com, CRH currently 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.