Munro Partners Purchases 167,105 Shares of Crh Plc $CRH

Munro Partners raised its position in Crh Plc (NYSE:CRH) by 17.9% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 1,102,400 shares of the construction company’s stock after buying an additional 167,105 shares during the quarter. CRH comprises about 3.6% of Munro Partners’ holdings, making the stock its 10th largest position. Munro Partners’ holdings in CRH were worth $137,580,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Vanguard Group Inc. grew its stake in shares of CRH by 22.7% during the 4th quarter. Vanguard Group Inc. now owns 79,117,664 shares of the construction company’s stock worth $9,873,884,000 after purchasing an additional 14,623,673 shares during the period. Norges Bank purchased a new position in CRH in the fourth quarter valued at approximately $1,476,939,000. State Street Corp raised its holdings in CRH by 81.3% in the fourth quarter. State Street Corp now owns 24,895,205 shares of the construction company’s stock valued at $3,106,927,000 after buying an additional 11,167,189 shares during the period. Geode Capital Management LLC raised its holdings in CRH by 67.3% in the fourth quarter. Geode Capital Management LLC now owns 14,709,575 shares of the construction company’s stock valued at $1,827,252,000 after buying an additional 5,916,930 shares during the period. Finally, Artisan Partners Limited Partnership acquired a new stake in CRH in the third quarter valued at approximately $295,798,000. 62.50% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have issued reports on CRH shares. Morgan Stanley reaffirmed an “overweight” rating and issued a $139.00 price objective on shares of CRH in a research report on Wednesday, April 15th. DA Davidson set a $120.00 price objective on shares of CRH in a report on Friday, February 20th. Weiss Ratings cut CRH from a “buy (b)” rating to a “hold (c+)” rating in a research note on Monday, May 4th. Wells Fargo & Company raised their target price on CRH from $133.00 to $135.00 and gave the company an “equal weight” rating in a research note on Friday, February 20th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of CRH from $135.00 to $140.00 and gave the company an “overweight” rating in a research note on Tuesday, March 3rd. Two investment analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $139.54.

CRH Price Performance

Shares of CRH stock opened at $109.77 on Tuesday. The firm has a market cap of $73.35 billion, a price-to-earnings ratio of 20.33, a P/E/G ratio of 1.85 and a beta of 1.31. Crh Plc has a 52-week low of $86.82 and a 52-week high of $131.55. The stock has a 50-day simple moving average of $109.66 and a 200-day simple moving average of $115.96.

CRH (NYSE:CRH) last posted its earnings results on Thursday, April 30th. The construction company reported ($0.20) earnings per share 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 analyst estimates of $7.07 billion. The firm’s revenue for the quarter was up 9.1% on a year-over-year basis. CRH has set its FY 2026 guidance at 5.600-6.050 EPS. As a group, equities research analysts predict that Crh Plc will post 5.92 earnings per share for the current year.

CRH Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 17th. Stockholders of record on Friday, May 15th will be given a dividend of $0.39 per share. The ex-dividend date is Friday, May 15th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 1.4%. CRH’s payout ratio is currently 28.89%.

CRH 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.