Lido Advisors LLC Boosts Stake in Crh Plc $CRH

Lido Advisors LLC increased its holdings in shares of Crh Plc (NYSE:CRH) by 109.0% during the first quarter, HoldingsChannel reports. The fund owned 13,291 shares of the construction company’s stock after buying an additional 6,932 shares during the period. Lido Advisors LLC’s holdings in CRH were worth $1,402,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the business. Pacific Capital Partners Ltd grew its stake in shares of CRH by 47.1% during the 4th quarter. Pacific Capital Partners Ltd now owns 43,750 shares of the construction company’s stock worth $5,460,000 after purchasing an additional 14,000 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of CRH by 680.6% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 119,237 shares of the construction company’s stock valued at $14,881,000 after purchasing an additional 103,962 shares in the last quarter. Principal Financial Group Inc. lifted its stake in shares of CRH by 33.2% in the fourth quarter. Principal Financial Group Inc. now owns 3,021,734 shares of the construction company’s stock valued at $377,112,000 after purchasing an additional 752,463 shares during the period. Alphinity Investment Management Pty Ltd lifted its stake in shares of CRH by 3.3% in the fourth quarter. Alphinity Investment Management Pty Ltd now owns 4,337,447 shares of the construction company’s stock valued at $541,313,000 after purchasing an additional 137,048 shares during the period. Finally, Mirabaud Asset Management Ltd boosted its holdings in CRH by 38.2% during the fourth quarter. Mirabaud Asset Management Ltd now owns 98,038 shares of the construction company’s stock worth $12,235,000 after buying an additional 27,118 shares in the last quarter. Hedge funds and other institutional investors own 62.50% of the company’s stock.

CRH Trading Up 3.0%

NYSE CRH opened at $102.83 on Tuesday. The business’s 50-day moving average price is $105.39 and its 200 day moving average price is $112.03. Crh Plc has a twelve month low of $93.58 and a twelve month high of $131.55. The company has a market capitalization of $68.71 billion, a PE ratio of 19.04, a price-to-earnings-growth ratio of 1.72 and a beta of 1.32.

CRH (NYSE:CRH) last posted its quarterly earnings results on Thursday, April 30th. The construction company reported ($0.20) EPS for the quarter, beating 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 company had revenue of $7.37 billion during the quarter, compared to analysts’ expectations of $7.07 billion. The business’s revenue for the quarter 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 analysts predict that Crh Plc will post 5.96 EPS for the current year.

CRH Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 17th. Investors of record on Friday, May 15th were given a $0.39 dividend. The ex-dividend date of this dividend was Friday, May 15th. This represents a $1.56 annualized dividend and a dividend yield of 1.5%. CRH’s dividend payout ratio (DPR) is currently 28.89%.

Analyst Ratings Changes

Several research analysts have weighed in on CRH shares. Weiss Ratings lowered shares of CRH from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, June 18th. Wells Fargo & Company reduced their price target on shares of CRH from $135.00 to $132.00 and set an “overweight” rating for the company in a research report on Wednesday, July 8th. Sanford C. Bernstein restated an “outperform” rating on shares of CRH in a report on Tuesday, June 23rd. Morgan Stanley restated an “overweight” rating and issued a $139.00 price target on shares of CRH in a report on Wednesday, April 15th. Finally, Jefferies Financial Group raised their price objective on CRH from $149.00 to $165.60 and gave the company a “buy” rating in a research note on Friday, June 26th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, CRH currently has an average rating of “Buy” and an average target price of $141.19.

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.