Manitou Investment Management Ltd. Has $16.43 Million Holdings in Crh Plc $CRH

Manitou Investment Management Ltd. grew its holdings in Crh Plc (NYSE:CRH) by 906.6% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 153,577 shares of the construction company’s stock after acquiring an additional 138,320 shares during the quarter. CRH accounts for 3.1% of Manitou Investment Management Ltd.’s portfolio, making the stock its 11th largest holding. Manitou Investment Management Ltd.’s holdings in CRH were worth $16,433,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Flagship Harbor Advisors LLC acquired a new stake in CRH in the 4th quarter worth $26,000. Riggs Asset Managment Co. Inc. raised its position in shares of CRH by 1,835.3% during the second quarter. Riggs Asset Managment Co. Inc. now owns 329 shares of the construction company’s stock valued at $30,000 after buying an additional 312 shares during the last quarter. Bell Investment Advisors Inc lifted its stake in shares of CRH by 51.2% in the first quarter. Bell Investment Advisors Inc now owns 304 shares of the construction company’s stock valued at $32,000 after buying an additional 103 shares during the period. Kemnay Advisory Services Inc. acquired a new stake in CRH during the fourth quarter worth about $33,000. Finally, Elyxium Wealth LLC acquired a new stake in CRH during the fourth quarter worth about $37,000. Institutional investors and hedge funds own 62.50% of the company’s stock.

CRH Stock Down 2.4%

Shares of CRH opened at $97.61 on Friday. The company has a 50-day moving average price of $104.85 and a two-hundred day moving average price of $110.52. The stock has a market cap of $65.22 billion, a price-to-earnings ratio of 17.21, a P/E/G ratio of 1.78 and a beta of 1.34. Crh Plc has a 12 month low of $94.11 and a 12 month high of $131.55.

CRH (NYSE:CRH) last released its quarterly earnings data on Thursday, July 30th. The construction company reported $2.21 earnings per share for the quarter, beating the consensus estimate of $2.02 by $0.19. CRH had a return on equity of 15.76% and a net margin of 9.93%.The company had revenue of $10.78 billion for the quarter, compared to analyst estimates of $10.68 billion. During the same period in the prior year, the company posted $1.94 EPS. The company’s revenue was up 5.6% compared to the same quarter last year. CRH has set its FY 2026 guidance at 5.600-6.050 EPS. Equities research analysts expect that Crh Plc will post 5.8 EPS for the current fiscal year.

CRH Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 16th. Shareholders of record on Friday, August 14th will be given a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date is Friday, August 14th. CRH’s dividend payout ratio is 27.51%.

Analysts Set New Price Targets

CRH has been the subject of several recent research reports. Stephens cut their price target on CRH from $135.00 to $125.00 and set an “overweight” rating for the company in a report on Friday, July 31st. Weiss Ratings raised CRH from a “hold (c)” rating to a “buy (b-)” rating in a report on Friday, July 31st. Truist Financial lowered their price objective on CRH from $140.00 to $130.00 and set a “buy” rating on the stock in a research report on Friday, July 31st. Jefferies Financial Group upped their target price on CRH from $149.00 to $165.60 and gave the company a “buy” rating in a research note on Friday, June 26th. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating on shares of CRH in a research report on Tuesday, June 23rd. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $139.44.

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.