Profund Advisors LLC Takes $1.21 Million Position in Crh Plc $CRH

Profund Advisors LLC purchased a new stake in Crh Plc (NYSE:CRH) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 9,666 shares of the construction company’s stock, valued at approximately $1,206,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Board of the Pension Protection Fund bought a new stake in CRH in the fourth quarter worth approximately $25,000. Harbor Investment Advisory LLC boosted its holdings in CRH by 87.6% in the fourth quarter. Harbor Investment Advisory LLC now owns 212 shares of the construction company’s stock worth $26,000 after purchasing an additional 99 shares in the last quarter. Flagship Harbor Advisors LLC acquired a new position in CRH during the fourth quarter worth $26,000. United Community Bank raised its holdings in CRH by 359.6% during the third quarter. United Community Bank now owns 239 shares of the construction company’s stock valued at $29,000 after buying an additional 187 shares in the last quarter. Finally, Riggs Asset Managment Co. Inc. lifted its position in shares of CRH by 1,835.3% in the second quarter. Riggs Asset Managment Co. Inc. now owns 329 shares of the construction company’s stock worth $30,000 after buying an additional 312 shares during the last quarter. Institutional investors own 62.50% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. BNP Paribas Exane raised CRH to a “strong-buy” rating in a report on Friday, January 23rd. Wells Fargo & Company boosted 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. Morgan Stanley reaffirmed an “overweight” rating and set a $139.00 target price on shares of CRH in a research report on Wednesday, April 15th. DA Davidson set a $120.00 price target on CRH in a report on Friday, February 20th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of 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 given a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, CRH has an average rating of “Moderate Buy” and a consensus target price of $139.54.

CRH Stock Performance

CRH stock opened at $101.31 on Thursday. The business’s 50-day simple moving average is $109.17 and its 200-day simple moving average is $117.02. The firm has a market capitalization of $67.69 billion, a PE ratio of 18.76, a PEG ratio of 1.72 and a beta of 1.36. Crh Plc has a 52 week low of $86.82 and a 52 week high of $131.55.

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. The firm had revenue of $7.37 billion during the quarter, compared to the consensus estimate of $7.07 billion. CRH had a return on equity of 15.37% and a net margin of 9.65%.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. Research analysts forecast that Crh Plc will post 5.91 earnings per share for the current year.

CRH Dividend Announcement

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

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.