Altshuler Shaham Ltd Increases Stock Holdings in Crh Plc $CRH

Altshuler Shaham Ltd boosted its position in Crh Plc (NYSE:CRH) by 8.4% in the fourth quarter, Holdings Channel.com reports. The firm owned 1,268,000 shares of the construction company’s stock after buying an additional 98,000 shares during the quarter. CRH comprises approximately 2.3% of Altshuler Shaham Ltd’s investment portfolio, making the stock its 17th largest position. Altshuler Shaham Ltd’s holdings in CRH were worth $158,246,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. increased its holdings in 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 worth $14,881,000 after buying an additional 103,962 shares in the last quarter. BNP Paribas Financial Markets increased its holdings in CRH by 28.1% in the 3rd quarter. BNP Paribas Financial Markets now owns 1,007,042 shares of the construction company’s stock worth $120,744,000 after buying an additional 221,107 shares in the last quarter. TD Asset Management Inc increased its holdings in CRH by 41.0% in the 3rd quarter. TD Asset Management Inc now owns 2,758,784 shares of the construction company’s stock worth $330,778,000 after buying an additional 802,156 shares in the last quarter. Pacific Capital Partners Ltd increased its holdings in CRH by 47.1% in the 4th quarter. Pacific Capital Partners Ltd now owns 43,750 shares of the construction company’s stock worth $5,460,000 after buying an additional 14,000 shares in the last quarter. Finally, Lansdowne Partners UK LLP increased its holdings in CRH by 23.4% in the 3rd quarter. Lansdowne Partners UK LLP now owns 648,129 shares of the construction company’s stock worth $77,711,000 after buying an additional 122,915 shares in the last quarter. 62.50% of the stock is currently owned by institutional investors.

CRH Trading Down 3.2%

Shares of NYSE:CRH opened at $109.25 on Thursday. The stock has a 50 day moving average of $109.88 and a 200 day moving average of $115.84. The company has a market cap of $73.00 billion, a PE ratio of 20.23, a price-to-earnings-growth ratio of 1.96 and a beta of 1.31. Crh Plc has a 12-month low of $86.82 and a 12-month high of $131.55.

CRH (NYSE:CRH) last announced its quarterly earnings data on Thursday, April 30th. The construction company reported ($0.20) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.22) by $0.02. The company had revenue of $7.37 billion during the quarter, compared to the consensus estimate of $7.07 billion. CRH had a return on equity of 15.37% and a net margin of 9.65%.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. Equities research analysts predict that Crh Plc will post 5.92 earnings per share for the current fiscal year.

CRH Announces Dividend

The business also recently disclosed 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 was 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 28.89%.

Wall Street Analysts Forecast Growth

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

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.