New York State Teachers Retirement System Buys 21,333 Shares of Crh Plc $CRH

New York State Teachers Retirement System grew its stake in Crh Plc (NYSE:CRH) by 4.9% in the 1st quarter, Holdings Channel.com reports. The firm owned 456,887 shares of the construction company’s stock after purchasing an additional 21,333 shares during the period. New York State Teachers Retirement System’s holdings in CRH were worth $48,028,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of CRH. Vanguard Group Inc. raised its holdings in CRH by 22.7% during 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 raised its stake in shares of CRH by 81.3% in the fourth quarter. State Street Corp now owns 24,895,205 shares of the construction company’s stock valued at $3,106,927,000 after acquiring an additional 11,167,189 shares during the period. Geode Capital Management LLC lifted its holdings in shares of CRH by 67.3% in the 4th quarter. Geode Capital Management LLC now owns 14,709,575 shares of the construction company’s stock worth $1,827,252,000 after acquiring an additional 5,916,930 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its stake in shares of 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 bought a new position in CRH during the 4th quarter valued at about $1,476,939,000. Institutional investors own 62.50% of the company’s stock.

CRH Stock Performance

Shares of NYSE CRH opened at $107.41 on Friday. The firm has a market capitalization of $71.77 billion, a price-to-earnings ratio of 19.89, a PEG ratio of 1.87 and a beta of 1.32. The stock has a 50 day moving average price of $108.49 and a 200 day moving average price of $114.80. Crh Plc has a 52-week low of $91.22 and a 52-week high of $131.55.

CRH (NYSE:CRH) last announced its quarterly earnings data on Thursday, April 30th. The construction company reported ($0.20) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.22) by $0.02. The company had revenue of $7.37 billion for the quarter, compared to analysts’ expectations 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% on a year-over-year basis. CRH has set its FY 2026 guidance at 5.600-6.050 EPS. Analysts forecast that Crh Plc will post 5.92 earnings per share for the current year.

CRH Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 17th. Stockholders of record on Friday, May 15th were given a dividend of $0.39 per share. The ex-dividend date of this dividend was Friday, May 15th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 1.5%. CRH’s dividend payout ratio is presently 28.89%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on CRH shares. Morgan Stanley reissued an “overweight” rating and issued a $139.00 price objective on shares of CRH in a research note on Wednesday, April 15th. Sanford C. Bernstein restated an “outperform” rating on shares of CRH in a report on Tuesday, June 23rd. Jefferies Financial Group increased their target price on CRH from $149.00 to $165.60 and gave the stock a “buy” rating in a research note on Friday, June 26th. Finally, Weiss Ratings lowered shares of CRH from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, June 18th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $141.40.

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.