Crh Plc $CRH Shares Purchased by California Public Employees Retirement System

California Public Employees Retirement System grew its position in Crh Plc (NYSE:CRH) by 5.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,235,443 shares of the construction company’s stock after acquiring an additional 62,271 shares during the quarter. California Public Employees Retirement System owned about 0.18% of CRH worth $148,130,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. Norges Bank purchased a new stake in CRH in the 2nd quarter valued at $1,007,932,000. Artisan Partners Limited Partnership purchased a new position in CRH during the 3rd quarter worth $295,798,000. Marshall Wace LLP increased its stake in CRH by 45.3% in the second quarter. Marshall Wace LLP now owns 6,031,903 shares of the construction company’s stock valued at $553,729,000 after purchasing an additional 1,881,550 shares during the period. Alkeon Capital Management LLC purchased a new stake in shares of CRH in the third quarter valued at about $209,825,000. Finally, Citigroup Inc. raised its holdings in shares of CRH by 229.0% in the third quarter. Citigroup Inc. now owns 1,811,126 shares of the construction company’s stock valued at $217,154,000 after buying an additional 1,260,558 shares during the last quarter. 62.50% of the stock is currently owned by hedge funds and other institutional investors.

CRH Stock Up 0.0%

Shares of NYSE:CRH opened at $99.74 on Monday. Crh Plc has a 52 week low of $76.75 and a 52 week high of $131.55. The company has a 50-day moving average price of $120.94 and a 200 day moving average price of $118.90. The company has a market cap of $66.65 billion, a P/E ratio of 18.07, a PEG ratio of 1.74 and a beta of 1.33.

CRH (NYSE:CRH) last released its earnings results on Wednesday, February 18th. The construction company reported $1.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.20 by ($0.68). The business had revenue of $5.42 billion for the quarter, compared to analyst estimates of $11.15 billion. CRH had a return on equity of 15.98% and a net margin of 10.02%.The business’s revenue for the quarter was up 6.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.02 EPS. CRH has set its FY 2026 guidance at 5.600-6.050 EPS. Analysts expect that Crh Plc will post 5.47 EPS for the current year.

CRH Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 8th. Investors of record on Friday, March 6th will be issued a dividend of $0.39 per share. This is a boost from CRH’s previous quarterly dividend of $0.37. This represents a $1.56 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend is Friday, March 6th. CRH’s dividend payout ratio is currently 28.26%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on CRH shares. Longbow Research started coverage on CRH in a report on Tuesday, December 16th. They set a “buy” rating and a $160.00 price target on the stock. UBS Group upped their price objective on CRH from $138.00 to $147.00 and gave the company a “buy” rating in a research note on Thursday, January 8th. Citigroup lifted their target price on CRH from $142.00 to $155.00 and gave the company a “buy” rating in a research note on Thursday, January 8th. JPMorgan Chase & Co. boosted their target price on CRH from $135.00 to $140.00 and gave the company an “overweight” rating in a report on Tuesday, March 3rd. Finally, BNP Paribas Exane upgraded CRH to a “strong-buy” rating in a research note on Friday, January 23rd. Two analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, CRH has an average rating of “Moderate Buy” and a consensus price target of $137.86.

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.