Crh Plc $CRH Shares Sold by Barometer Capital Management Inc.

Barometer Capital Management Inc. reduced its stake in shares of Crh Plc (NYSE:CRH - Free Report) by 69.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,050 shares of the construction company's stock after selling 24,950 shares during the quarter. Barometer Capital Management Inc.'s holdings in CRH were worth $1,162,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in CRH. Vanguard Group Inc. boosted its holdings in shares of CRH by 22.7% during the fourth quarter. Vanguard Group Inc. now owns 79,117,664 shares of the construction company's stock valued at $9,873,884,000 after acquiring an additional 14,623,673 shares during the period. State Street Corp increased its holdings in shares of CRH by 81.3% in the 4th quarter. State Street Corp now owns 24,895,205 shares of the construction company's stock worth $3,106,927,000 after acquiring an additional 11,167,189 shares during the period. Geode Capital Management LLC increased its holdings in shares of CRH by 67.3% in the 4th quarter. Geode Capital Management LLC now owns 14,709,575 shares of the construction company's stock worth $1,827,252,000 after acquiring an additional 5,916,930 shares during the period. Massachusetts Financial Services Co. MA lifted its position in CRH by 0.6% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 12,439,954 shares of the construction company's stock valued at $1,552,506,000 after purchasing an additional 78,769 shares during the last quarter. Finally, Norges Bank bought a new stake in CRH in the 4th quarter valued at about $1,476,939,000. 62.50% of the stock is currently owned by institutional investors.

CRH Trading Down 0.1%

CRH stock opened at $99.80 on Wednesday. The stock has a market cap of $66.69 billion, a price-to-earnings ratio of 18.48, a PEG ratio of 1.73 and a beta of 1.32. The company's 50-day moving average price is $105.84 and its two-hundred day moving average price is $112.79. Crh Plc has a 52 week low of $93.58 and a 52 week high of $131.55.

CRH (NYSE:CRH - Get Free Report) last released its quarterly earnings results on Thursday, April 30th. The construction company reported ($0.20) EPS for the quarter, topping analysts' consensus estimates of ($0.22) by $0.02. The company had revenue of $7.37 billion for the quarter, compared to the consensus estimate of $7.07 billion. CRH had a net margin of 9.65% and a return on equity of 15.37%. CRH'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. Research analysts expect that Crh Plc will post 5.96 earnings per share for the current fiscal 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 issued 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 payout ratio is presently 28.89%.

Analysts Set New Price Targets

Several research firms have commented on CRH. Jefferies Financial Group upped their target price on shares of CRH from $149.00 to $165.60 and gave the stock a "buy" rating in a research report on Friday, June 26th. Morgan Stanley reaffirmed an "overweight" rating and set a $139.00 price target on shares of CRH in a report on Wednesday, April 15th. Weiss Ratings lowered CRH from a "hold (c+)" rating to a "hold (c)" rating in a report on Thursday, June 18th. Sanford C. Bernstein restated an "outperform" rating on shares of CRH in a research report on Tuesday, June 23rd. Finally, Wells Fargo & Company cut their target price on CRH from $135.00 to $132.00 and set an "overweight" rating on the stock in a research note on Wednesday, July 8th. Two research 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. Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.