Generate Investment Management Ltd Sells 142,999 Shares of Crh Plc $CRH

Key Points

• Generate Investment Management Ltd cut its CRH stake by 76.7% in the first quarter, selling 142,999 shares and leaving it with 43,528 shares worth about $4.58 million.
• CRH reported better-than-expected quarterly results, posting EPS of ($0.20) versus the expected ($0.22) and revenue of $7.37 billion, above estimates and up 9.1% year over year.
• The company recently announced a quarterly dividend of $0.39 per share and has also drawn attention from analysts, who maintain a Moderate Buy rating with an average price target of $139.54.

Generate Investment Management Ltd reduced its position in Crh Plc (NYSE:CRH - Free Report) by 76.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 43,528 shares of the construction company's stock after selling 142,999 shares during the quarter. Generate Investment Management Ltd's holdings in CRH were worth $4,576,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. JFS Wealth Advisors LLC raised its holdings in shares of CRH by 12.1% in the fourth quarter. JFS Wealth Advisors LLC now owns 794 shares of the construction company's stock worth $99,000 after buying an additional 86 shares during the period. Waddell & Associates LLC boosted its holdings in CRH by 3.8% during the 4th quarter. Waddell & Associates LLC now owns 2,352 shares of the construction company's stock valued at $294,000 after acquiring an additional 87 shares during the period. PDS Planning Inc boosted its holdings in CRH by 2.3% during the 4th quarter. PDS Planning Inc now owns 4,000 shares of the construction company's stock valued at $499,000 after acquiring an additional 89 shares during the period. Crossmark Global Holdings Inc. grew its position in CRH by 2.4% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 4,126 shares of the construction company's stock valued at $495,000 after acquiring an additional 96 shares during the last quarter. Finally, Harbor Investment Advisory LLC grew its position in CRH by 87.6% in the 4th quarter. Harbor Investment Advisory LLC now owns 212 shares of the construction company's stock valued at $26,000 after acquiring an additional 99 shares during the last quarter. Hedge funds and other institutional investors own 62.50% of the company's stock.

CRH Stock Up 0.1%

CRH opened at $111.33 on Tuesday. The stock's fifty day moving average is $109.86 and its two-hundred day moving average is $115.66. The company has a market capitalization of $74.39 billion, a P/E ratio of 20.62, a PEG ratio of 1.94 and a beta of 1.31. Crh Plc has a 52 week low of $86.82 and a 52 week high of $131.55.

CRH (NYSE:CRH - Get Free Report) last issued 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 business had revenue of $7.37 billion during the quarter, compared to analysts' expectations of $7.07 billion. The firm's quarterly revenue 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 anticipate that Crh Plc will post 5.92 earnings per share for the current year.

CRH Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 17th. Investors of record on Friday, May 15th were paid a $0.39 dividend. The ex-dividend date of this dividend was Friday, May 15th. This represents a $1.56 dividend on an annualized basis and a yield of 1.4%. CRH's dividend payout ratio is 28.89%.

Analysts Set New Price Targets

Several analysts have recently weighed in on CRH shares. JPMorgan Chase & Co. lifted 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. Weiss Ratings cut shares of CRH from a "hold (c+)" rating to a "hold (c)" rating in a report on Thursday. Finally, Morgan Stanley reaffirmed an "overweight" rating and issued a $139.00 price target on shares of CRH in a research note 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 company's stock. According to MarketBeat.com, CRH has an average rating of "Moderate Buy" and an average price target of $139.54.

Key CRH News

Here are the key news stories impacting CRH this week:

• Positive Sentiment: CRH said the Arcosa deal strengthens its U.S. infrastructure platform and builds a more connected business across aggregates, transmission, and related products, which could support longer-term growth. CRH to Acquire Arcosa; Leading U.S. Provider of Aggregates and Critical Infrastructure Products for $8.5B
• Positive Sentiment: The deal gives CRH greater exposure to U.S. infrastructure spending and extends its presence in a market where it already has scale, which may be seen as a smart strategic fit by long-term investors. CRH acquires Arcosa in $8.5 billion all-cash deal
• Neutral Sentiment: CRH also added a former CF Industries CEO to its board, a governance move that could be viewed as supportive but is unlikely to be the main driver of the stock today. CRH Adds Former CF Industries CEO to Its Board; Why Investors Are Paying Attention
• Negative Sentiment: Some market skepticism is emerging because the acquisition is large relative to CRH’s recent moves, and investors may worry about the cash outlay, execution risk, and whether the company is overpaying for growth. CRH to Acquire Arcosa for $8.5 Billion Amid Market Skepticism

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.

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