Strs Ohio Cuts Holdings in Crh Plc $CRH

Strs Ohio reduced its holdings in Crh Plc (NYSE:CRH) by 6.0% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 166,622 shares of the construction company’s stock after selling 10,567 shares during the quarter. Strs Ohio’s holdings in CRH were worth $17,515,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. NewEdge Advisors LLC raised its position in CRH by 158.5% in the first quarter. NewEdge Advisors LLC now owns 8,670 shares of the construction company’s stock worth $763,000 after acquiring an additional 5,316 shares in the last quarter. Empowered Funds LLC boosted its position in shares of CRH by 5.3% during the 1st quarter. Empowered Funds LLC now owns 13,178 shares of the construction company’s stock worth $1,159,000 after purchasing an additional 658 shares in the last quarter. Sivia Capital Partners LLC grew its stake in shares of CRH by 58.5% during the 2nd quarter. Sivia Capital Partners LLC now owns 4,279 shares of the construction company’s stock worth $393,000 after purchasing an additional 1,579 shares during the period. Sei Investments Co. grew its stake in shares of CRH by 18.9% during the 2nd quarter. Sei Investments Co. now owns 228,288 shares of the construction company’s stock worth $20,957,000 after purchasing an additional 36,238 shares during the period. Finally, Treasurer of the State of North Carolina increased its holdings in shares of CRH by 0.7% in the 2nd quarter. Treasurer of the State of North Carolina now owns 316,818 shares of the construction company’s stock valued at $29,084,000 after purchasing an additional 2,348 shares in the last quarter. Institutional investors and hedge funds own 62.50% of the company’s stock.

CRH Stock Down 0.1%

NYSE:CRH opened at $107.41 on Friday. Crh Plc has a 52-week low of $91.22 and a 52-week high of $131.55. The stock has a fifty day simple moving average of $108.49 and a 200-day simple moving average of $114.80. The company has a market capitalization of $71.77 billion, a PE ratio of 19.89, a price-to-earnings-growth ratio of 1.87 and a beta of 1.32.

CRH (NYSE:CRH) last issued its quarterly earnings data on Thursday, April 30th. The construction company reported ($0.20) EPS for the quarter, beating 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 firm had revenue of $7.37 billion for the quarter, compared to analysts’ expectations of $7.07 billion. CRH’s revenue was up 9.1% on a year-over-year basis. CRH has set its FY 2026 guidance at 5.600-6.050 EPS. As a group, equities analysts anticipate that Crh Plc will post 5.92 earnings per share for the current year.

CRH Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 17th. Stockholders of record on Friday, May 15th were given a $0.39 dividend. The ex-dividend date was Friday, May 15th. This represents a $1.56 annualized dividend and a dividend yield of 1.5%. CRH’s dividend payout ratio is currently 28.89%.

Analyst Ratings Changes

Several brokerages recently commented on CRH. Jefferies Financial Group raised their price objective on shares of CRH from $149.00 to $165.60 and gave the company a “buy” rating in a research note on Friday, June 26th. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of CRH in a report on Tuesday, June 23rd. Morgan Stanley reiterated an “overweight” rating and set a $139.00 price target on shares of CRH in a research report on Wednesday, April 15th. Finally, Weiss Ratings lowered CRH from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, June 18th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $141.40.

CRH 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.