Manchester Global Management UK Ltd Purchases 154,326 Shares of Crh Plc $CRH

Manchester Global Management UK Ltd raised its position in shares of Crh Plc (NYSE:CRH) by 171.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 244,190 shares of the construction company’s stock after acquiring an additional 154,326 shares during the quarter. CRH comprises 4.1% of Manchester Global Management UK Ltd’s investment portfolio, making the stock its 11th biggest holding. Manchester Global Management UK Ltd’s holdings in CRH were worth $30,475,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Board of the Pension Protection Fund bought a new stake in CRH during the fourth quarter valued at $25,000. Flagship Harbor Advisors LLC acquired a new position in shares of CRH during the fourth quarter valued at about $26,000. Harbor Investment Advisory LLC raised its holdings in shares of CRH by 87.6% during the fourth quarter. Harbor Investment Advisory LLC now owns 212 shares of the construction company’s stock valued at $26,000 after purchasing an additional 99 shares during the period. Meeder Asset Management Inc. raised its holdings in shares of CRH by 29,400.0% during the fourth quarter. Meeder Asset Management Inc. now owns 295 shares of the construction company’s stock valued at $37,000 after purchasing an additional 294 shares during the period. Finally, Elyxium Wealth LLC acquired a new position in shares of CRH during the fourth quarter valued at about $37,000. Institutional investors own 62.50% of the company’s stock.

CRH Price Performance

CRH opened at $112.85 on Wednesday. Crh Plc has a fifty-two week low of $86.82 and a fifty-two week high of $131.55. The firm has a market capitalization of $75.41 billion, a PE ratio of 20.90, a P/E/G ratio of 1.91 and a beta of 1.31. The company’s 50-day moving average is $109.82 and its 200 day moving average is $115.91.

CRH (NYSE:CRH) last posted its earnings results on Thursday, April 30th. The construction company reported ($0.20) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.22) by $0.02. CRH had a net margin of 9.65% and a return on equity of 15.37%. The company had revenue of $7.37 billion for the quarter, compared to analyst estimates of $7.07 billion. The company’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. As a group, analysts expect that Crh Plc will post 5.92 EPS for the current year.

CRH Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 17th. Investors of record on Friday, May 15th will be issued a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date is Friday, May 15th. CRH’s dividend payout ratio is currently 28.89%.

Wall Street Analysts Forecast Growth

CRH has been the topic of several research reports. JPMorgan Chase & Co. upped their price objective on shares of CRH from $135.00 to $140.00 and gave the company an “overweight” rating in a report on Tuesday, March 3rd. Weiss Ratings lowered shares of CRH from a “buy (b)” rating to a “hold (c+)” rating in a report on Monday, May 4th. DA Davidson set a $120.00 price objective on shares of CRH in a report on Friday, February 20th. Wells Fargo & Company upped their price objective on shares of CRH from $133.00 to $135.00 and gave the company an “equal weight” rating in a report on Friday, February 20th. Finally, Morgan Stanley reiterated an “overweight” rating and set a $139.00 price objective on shares of CRH in a report on Wednesday, April 15th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $139.54.

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.