Meeder Asset Management Inc. Grows Stock Holdings in Crh Plc $CRH

Meeder Asset Management Inc. boosted its stake in Crh Plc (NYSE:CRH) by 4,050.2% during the 1st quarter, HoldingsChannel.com reports. The fund owned 12,243 shares of the construction company’s stock after purchasing an additional 11,948 shares during the period. Meeder Asset Management Inc.’s holdings in CRH were worth $1,287,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CRH. Flagship Harbor Advisors LLC acquired a new stake in CRH during the 4th quarter worth approximately $26,000. Harbor Investment Advisory LLC increased its holdings in shares of CRH by 87.6% in the fourth quarter. Harbor Investment Advisory LLC now owns 212 shares of the construction company’s stock valued at $26,000 after purchasing an additional 99 shares during the period. Kemnay Advisory Services Inc. purchased a new stake in shares of CRH during the fourth quarter worth approximately $33,000. Elyxium Wealth LLC purchased a new stake in shares of CRH during the fourth quarter worth approximately $37,000. Finally, Eastern Bank purchased a new stake in shares of CRH during the fourth quarter worth approximately $38,000. 62.50% of the stock is owned by hedge funds and other institutional investors.

CRH Price Performance

CRH stock opened at $99.81 on Tuesday. The stock’s 50 day moving average price is $106.08 and its 200 day moving average price is $112.97. Crh Plc has a 1-year low of $93.58 and a 1-year high of $131.55. The company has a market cap of $66.69 billion, a PE ratio of 18.48, a price-to-earnings-growth ratio of 1.78 and a beta of 1.32.

CRH (NYSE:CRH) last released 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. CRH had a return on equity of 15.37% and a net margin of 9.65%.The firm had revenue of $7.37 billion during the quarter, compared to analysts’ expectations of $7.07 billion. The company’s revenue was up 9.1% compared to the same quarter last year. CRH has set its FY 2026 guidance at 5.600-6.050 EPS. On average, equities research analysts anticipate that Crh Plc will post 5.96 EPS for the current fiscal year.

CRH Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 17th. Stockholders of record on Friday, May 15th were paid 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 1.6%. CRH’s dividend payout ratio is 28.89%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Morgan Stanley reiterated an “overweight” rating and issued a $139.00 price objective on shares of CRH in a research report on Wednesday, April 15th. Jefferies Financial Group upped their price objective on shares of CRH from $149.00 to $165.60 and gave the stock a “buy” rating in a research report on Friday, June 26th. Sanford C. Bernstein restated an “outperform” rating on shares of CRH in a research note on Tuesday, June 23rd. Weiss Ratings downgraded shares of CRH from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, June 18th. Finally, Wells Fargo & Company dropped their price target on shares of CRH from $135.00 to $132.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 8th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, CRH presently has a consensus rating of “Buy” and an average price target of $141.19.

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.