Artisan Partners Limited Partnership Buys Shares of 2,467,039 Crh Plc $CRH

Artisan Partners Limited Partnership purchased a new position in shares of Crh Plc (NYSE:CRH) in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 2,467,039 shares of the construction company’s stock, valued at approximately $295,798,000. Artisan Partners Limited Partnership owned approximately 0.37% of CRH as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the stock. Principal Financial Group Inc. lifted its stake in shares of CRH by 24.7% in the third quarter. Principal Financial Group Inc. now owns 2,269,271 shares of the construction company’s stock worth $272,086,000 after buying an additional 448,860 shares during the last quarter. Park Avenue Securities LLC acquired a new position in CRH in the 3rd quarter valued at $4,491,000. Exane Asset Management raised its holdings in CRH by 21.2% in the 3rd quarter. Exane Asset Management now owns 663,774 shares of the construction company’s stock worth $80,735,000 after acquiring an additional 116,178 shares during the period. Cibc World Market Inc. lifted its position in CRH by 36.2% during the 3rd quarter. Cibc World Market Inc. now owns 56,390 shares of the construction company’s stock worth $6,761,000 after acquiring an additional 14,985 shares during the last quarter. Finally, Dynasty Wealth Management LLC boosted its holdings in CRH by 77.5% during the third quarter. Dynasty Wealth Management LLC now owns 34,077 shares of the construction company’s stock valued at $4,086,000 after acquiring an additional 14,877 shares during the period. Institutional investors and hedge funds own 62.50% of the company’s stock.

Analyst Upgrades and Downgrades

CRH has been the topic of a number of recent analyst reports. DA Davidson set a $120.00 price objective on CRH in a research note on Friday, February 20th. Longbow Research assumed coverage on CRH in a research report on Tuesday, December 16th. They issued a “buy” rating and a $160.00 price target on the stock. Citigroup increased their price objective on CRH from $142.00 to $155.00 and gave the company a “buy” rating in a research report on Thursday, January 8th. Wells Fargo & Company boosted their target price on shares of CRH from $133.00 to $135.00 and gave the stock an “equal weight” rating in a research report on Friday, February 20th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of CRH in a research note on Monday, December 8th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $136.27.

CRH Stock Up 0.8%

NYSE CRH opened at $121.10 on Friday. Crh Plc has a twelve month low of $76.75 and a twelve month high of $131.55. The stock has a market cap of $81.17 billion, a P/E ratio of 21.94, a PEG ratio of 2.10 and a beta of 1.33. The company’s 50-day simple moving average is $124.82 and its 200 day simple moving average is $119.03.

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

CRH Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 8th. Shareholders of record on Friday, March 6th will be paid a dividend of $0.39 per share. This is an increase from CRH’s previous quarterly dividend of $0.37. This represents a $1.56 annualized dividend and a yield of 1.3%. The ex-dividend date is Friday, March 6th. CRH’s dividend payout ratio is currently 20.11%.

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.