O Shaughnessy Asset Management LLC Sells 64,696 Shares of Crh Plc $CRH

O Shaughnessy Asset Management LLC trimmed its holdings in Crh Plc (NYSE:CRH) by 25.8% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 185,637 shares of the construction company’s stock after selling 64,696 shares during the quarter. O Shaughnessy Asset Management LLC’s holdings in CRH were worth $23,076,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the business. NewEdge Advisors LLC boosted its position in CRH by 158.5% during the 1st quarter. NewEdge Advisors LLC now owns 8,670 shares of the construction company’s stock valued at $763,000 after buying an additional 5,316 shares during the period. Empowered Funds LLC increased its position in shares of CRH by 5.3% in the first quarter. Empowered Funds LLC now owns 13,178 shares of the construction company’s stock valued at $1,159,000 after acquiring an additional 658 shares during the period. Sivia Capital Partners LLC raised its stake in shares of CRH by 58.5% during the second quarter. Sivia Capital Partners LLC now owns 4,279 shares of the construction company’s stock valued at $393,000 after acquiring an additional 1,579 shares during the last quarter. Sei Investments Co. raised its stake in shares of CRH by 18.9% during the second quarter. Sei Investments Co. now owns 228,288 shares of the construction company’s stock valued at $20,957,000 after acquiring an additional 36,238 shares during the last quarter. Finally, Treasurer of the State of North Carolina boosted its holdings in shares of CRH by 0.7% during the second quarter. Treasurer of the State of North Carolina now owns 316,818 shares of the construction company’s stock worth $29,084,000 after purchasing an additional 2,348 shares during the period. Hedge funds and other institutional investors own 62.50% of the company’s stock.

CRH Stock Down 3.3%

Shares of CRH opened at $101.60 on Tuesday. The business’s 50 day moving average price is $109.54 and its 200-day moving average price is $116.19. The stock has a market cap of $67.89 billion, a P/E ratio of 18.81, a P/E/G ratio of 1.83 and a beta of 1.31. Crh Plc has a 52 week low of $86.82 and a 52 week high of $131.55.

CRH (NYSE:CRH) last released its quarterly earnings data on Thursday, April 30th. The construction company reported ($0.20) earnings per share 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 business had revenue of $7.37 billion during the quarter, compared to analyst estimates of $7.07 billion. The firm’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. On average, equities analysts anticipate that Crh Plc will post 5.92 EPS for the current year.

CRH Dividend Announcement

The business also recently declared 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. The ex-dividend date is Friday, May 15th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 1.5%. CRH’s payout ratio is currently 28.89%.

Wall Street Analysts Forecast Growth

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

CRH 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.