Cramer Rosenthal Mcglynn LLC Has $15.76 Million Holdings in Crh Plc $CRH

Cramer Rosenthal Mcglynn LLC decreased its stake in shares of Crh Plc (NYSE:CRH) by 8.6% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 131,454 shares of the construction company’s stock after selling 12,323 shares during the period. Cramer Rosenthal Mcglynn LLC’s holdings in CRH were worth $15,761,000 as of its most recent filing with the SEC.

Other large investors have also recently added to or reduced their stakes in the company. Norges Bank bought a new stake in shares of CRH during the 2nd quarter worth $1,007,932,000. Massachusetts Financial Services Co. MA boosted its stake in CRH by 24.3% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 12,803,346 shares of the construction company’s stock valued at $1,175,347,000 after purchasing an additional 2,499,558 shares during the period. Artisan Partners Limited Partnership acquired a new stake in CRH in the 3rd quarter valued at approximately $295,798,000. Marshall Wace LLP increased its position in CRH by 45.3% in the 2nd quarter. Marshall Wace LLP now owns 6,031,903 shares of the construction company’s stock worth $553,729,000 after buying an additional 1,881,550 shares during the period. Finally, Citigroup Inc. lifted its holdings in shares of CRH by 229.0% during the third quarter. Citigroup Inc. now owns 1,811,126 shares of the construction company’s stock worth $217,154,000 after buying an additional 1,260,558 shares during the last quarter. Institutional investors own 62.50% of the company’s stock.

CRH Trading Down 2.0%

NYSE:CRH opened at $111.05 on Friday. The firm has a 50 day moving average of $123.66 and a 200-day moving average of $119.17. Crh Plc has a 1 year low of $76.75 and a 1 year high of $131.55. The stock has a market capitalization of $74.21 billion, a P/E ratio of 20.12, a price-to-earnings-growth ratio of 1.98 and a beta of 1.33.

CRH (NYSE:CRH) last announced its earnings results on Wednesday, February 18th. The construction company reported $1.52 earnings per share for the quarter, missing analysts’ consensus estimates of $2.20 by ($0.68). The business had revenue of $5.42 billion during the quarter, compared to analyst estimates of $11.15 billion. CRH had a net margin of 10.02% and a return on equity of 15.98%. The business’s quarterly revenue was up 6.2% compared to the same quarter last year. During the same quarter last year, the business posted $1.02 earnings per share. CRH has set its FY 2026 guidance at 5.600-6.050 EPS. As a group, analysts forecast that Crh Plc will post 5.47 EPS for the current fiscal year.

CRH Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 8th. Stockholders of record on Friday, March 6th will be given a dividend of $0.39 per share. The ex-dividend date is Friday, March 6th. This is a positive change from CRH’s previous quarterly dividend of $0.37. This represents a $1.56 dividend on an annualized basis and a dividend yield of 1.4%. CRH’s dividend payout ratio (DPR) is currently 20.11%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on CRH shares. UBS Group increased their price target on shares of CRH from $138.00 to $147.00 and gave the company a “buy” rating in a report on Thursday, January 8th. Jefferies Financial Group reissued a “buy” rating on shares of CRH in a report on Monday, December 1st. Morgan Stanley upped their target price on CRH from $140.00 to $141.00 and gave the company an “overweight” rating in a research note on Monday. Wells Fargo & Company raised their target price on CRH from $133.00 to $135.00 and gave the stock an “equal weight” rating in a research report on Friday, February 20th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of CRH in a research report on Monday, December 8th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $137.86.

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.