Crh Plc $CRH Stock Holdings Raised by Lazard Asset Management LLC

Lazard Asset Management LLC grew its stake in Crh Plc (NYSE:CRH) by 4.1% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,336,754 shares of the construction company’s stock after purchasing an additional 93,106 shares during the quarter. Lazard Asset Management LLC’s holdings in CRH were worth $245,460,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of CRH. Gateway Wealth Partners LLC acquired a new stake in CRH during the first quarter valued at approximately $241,000. OMERS ADMINISTRATION Corp grew its position in shares of CRH by 95.4% in the 1st quarter. OMERS ADMINISTRATION Corp now owns 49,121 shares of the construction company’s stock worth $5,164,000 after acquiring an additional 23,985 shares in the last quarter. Lombard Odier Asset Management Switzerland SA increased its holdings in shares of CRH by 7.2% in the 1st quarter. Lombard Odier Asset Management Switzerland SA now owns 31,311 shares of the construction company’s stock valued at $3,291,000 after acquiring an additional 2,100 shares during the last quarter. Waverly Advisors LLC increased its holdings in shares of CRH by 39.6% in the 1st quarter. Waverly Advisors LLC now owns 5,051 shares of the construction company’s stock valued at $531,000 after acquiring an additional 1,433 shares during the last quarter. Finally, London Co. of Virginia lifted its stake in CRH by 2.6% during the first quarter. London Co. of Virginia now owns 42,037 shares of the construction company’s stock worth $4,419,000 after purchasing an additional 1,073 shares during the last quarter. 62.50% of the stock is currently owned by institutional investors and hedge funds.

CRH Trading Up 0.1%

Shares of NYSE:CRH opened at $99.99 on Monday. The company has a 50 day moving average of $105.41 and a 200-day moving average of $112.21. The firm has a market cap of $66.81 billion, a P/E ratio of 18.52, a P/E/G ratio of 1.72 and a beta of 1.32. Crh Plc has a twelve month low of $93.58 and a twelve month high of $131.55.

CRH (NYSE:CRH) last posted its quarterly earnings data on Thursday, April 30th. The construction company reported ($0.20) EPS for the quarter, beating analysts’ consensus estimates of ($0.22) by $0.02. The business had revenue of $7.37 billion for the quarter, compared to analyst estimates of $7.07 billion. CRH had a net margin of 9.65% and a return on equity of 15.37%. The company’s quarterly 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. Equities research analysts forecast that Crh Plc will post 5.96 EPS for the current year.

CRH Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 17th. Investors 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 annualized dividend and a yield of 1.6%. CRH’s dividend payout ratio (DPR) is currently 28.89%.

Analyst Upgrades and Downgrades

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