Lmcg Investments LLC Raises Stock Position in Crh Plc $CRH

Lmcg Investments LLC lifted its holdings in shares of Crh Plc (NYSE:CRH) by 14.7% during the 1st quarter, Holdings Channel reports. The firm owned 61,802 shares of the construction company’s stock after buying an additional 7,916 shares during the period. Lmcg Investments LLC’s holdings in CRH were worth $6,497,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the business. R Squared Ltd purchased a new stake in CRH during the 1st quarter worth approximately $218,000. Resonant Capital Advisors LLC grew its stake in shares of CRH by 54.5% in the first quarter. Resonant Capital Advisors LLC now owns 2,749 shares of the construction company’s stock worth $290,000 after acquiring an additional 970 shares in the last quarter. PUREfi Wealth LLC increased its position in shares of CRH by 9.5% during the first quarter. PUREfi Wealth LLC now owns 4,551 shares of the construction company’s stock worth $478,000 after acquiring an additional 395 shares during the period. Stephens Inc. AR increased its position in shares of CRH by 164.4% during the first quarter. Stephens Inc. AR now owns 8,203 shares of the construction company’s stock worth $862,000 after acquiring an additional 5,100 shares during the period. Finally, Hardy Reed LLC raised its stake in shares of CRH by 13.0% in the first quarter. Hardy Reed LLC now owns 3,050 shares of the construction company’s stock valued at $321,000 after acquiring an additional 352 shares in the last quarter. Institutional investors and hedge funds own 62.50% of the company’s stock.

Analyst Upgrades and Downgrades

CRH has been the subject of several analyst reports. Sanford C. Bernstein reissued an “outperform” rating on shares of CRH in a research note on Tuesday, June 23rd. Weiss Ratings lowered CRH from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, June 18th. Morgan Stanley reiterated an “overweight” rating and issued a $139.00 price objective on shares of CRH in a research note on Wednesday, April 15th. Wells Fargo & Company lowered their price objective on CRH from $135.00 to $132.00 and set an “overweight” rating for the company in a research report on Wednesday. Finally, Jefferies Financial Group upped their target price on shares of CRH from $149.00 to $165.60 and gave the stock a “buy” rating in a research note on Friday, June 26th. Two analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, CRH presently has an average rating of “Buy” and a consensus target price of $141.19.

CRH Trading Down 3.0%

Shares of NYSE:CRH opened at $102.98 on Thursday. The firm has a 50 day simple moving average of $107.79 and a 200-day simple moving average of $114.29. Crh Plc has a twelve month low of $91.22 and a twelve month high of $131.55. The company has a market capitalization of $68.81 billion, a PE ratio of 19.07, a P/E/G ratio of 1.85 and a beta of 1.32.

CRH (NYSE:CRH) last posted its earnings results 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 the consensus estimate of $7.07 billion. The firm’s revenue for the quarter 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, equities research analysts predict that Crh Plc will post 5.92 EPS for the current fiscal year.

CRH Announces Dividend

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

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.