Jain Global LLC Boosts Holdings in Crh Plc $CRH

Jain Global LLC increased its stake in Crh Plc (NYSE:CRH) by 749.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 400,467 shares of the construction company’s stock after buying an additional 353,324 shares during the period. CRH accounts for 0.2% of Jain Global LLC’s portfolio, making the stock its 19th largest position. Jain Global LLC owned approximately 0.06% of CRH worth $48,016,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of CRH. Norges Bank bought a new position in CRH in the second quarter worth $1,007,932,000. Artisan Partners Limited Partnership bought a new stake in shares of CRH during the 3rd quarter valued at $295,798,000. Marshall Wace LLP grew its position in shares of 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. Alkeon Capital Management LLC bought a new position in shares of CRH in the 3rd quarter worth about $209,825,000. Finally, Citigroup Inc. increased its stake in shares of CRH by 229.0% in the 3rd quarter. Citigroup Inc. now owns 1,811,126 shares of the construction company’s stock worth $217,154,000 after acquiring an additional 1,260,558 shares in the last quarter. 62.50% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

CRH has been the subject of a number of analyst reports. Wells Fargo & Company raised their target price on shares of CRH from $133.00 to $135.00 and gave the company an “equal weight” rating in a research note on Friday, February 20th. Morgan Stanley upped their price target on CRH from $140.00 to $141.00 and gave the stock an “overweight” rating in a research note on Monday, March 2nd. DA Davidson set a $120.00 price objective on CRH in a research report on Friday, February 20th. Citigroup lifted their price objective on CRH from $142.00 to $155.00 and gave the company a “buy” rating in a research note on Thursday, January 8th. Finally, BNP Paribas Exane raised CRH to a “strong-buy” rating in a report on Friday, January 23rd. Two analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $137.86.

CRH Stock Performance

Shares of CRH stock opened at $99.74 on Monday. The company has a 50-day simple moving average of $120.94 and a two-hundred day simple moving average of $118.90. The stock has a market capitalization of $66.65 billion, a PE ratio of 18.07, a price-to-earnings-growth ratio of 1.74 and a beta of 1.33. Crh Plc has a 52-week low of $76.75 and a 52-week high of $131.55.

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

CRH Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 8th. Stockholders of record on Friday, March 6th will be paid a $0.39 dividend. This is an increase from CRH’s previous quarterly dividend of $0.37. This represents a $1.56 annualized dividend and a dividend yield of 1.6%. The ex-dividend date is Friday, March 6th. CRH’s dividend payout ratio (DPR) is presently 28.26%.

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.