Fjarde AP Fonden Fourth Swedish National Pension Fund Has $12.66 Million Holdings in Crh Plc $CRH

Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its holdings in shares of Crh Plc (NYSE:CRH) by 58.7% in the fourth quarter, HoldingsChannel reports. The firm owned 101,400 shares of the construction company’s stock after acquiring an additional 37,500 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in CRH were worth $12,655,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. grew its holdings in shares of CRH by 22.7% during the fourth quarter. Vanguard Group Inc. now owns 79,117,664 shares of the construction company’s stock worth $9,873,884,000 after purchasing an additional 14,623,673 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of CRH by 67.3% in the fourth quarter. Geode Capital Management LLC now owns 14,709,575 shares of the construction company’s stock valued at $1,827,252,000 after buying an additional 5,916,930 shares during the last quarter. State Street Corp raised its holdings in shares of CRH by 2.9% in the third quarter. State Street Corp now owns 13,728,016 shares of the construction company’s stock valued at $1,645,995,000 after buying an additional 392,146 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its position in CRH by 0.6% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 12,439,954 shares of the construction company’s stock worth $1,552,506,000 after buying an additional 78,769 shares in the last quarter. Finally, Norges Bank bought a new stake in CRH during the 4th quarter worth about $1,476,939,000. Institutional investors own 62.50% of the company’s stock.

CRH Trading Down 1.4%

Shares of NYSE:CRH opened at $105.10 on Friday. Crh Plc has a 1-year low of $86.82 and a 1-year high of $131.55. The stock has a market capitalization of $70.23 billion, a P/E ratio of 19.46, a P/E/G ratio of 1.83 and a beta of 1.31. The business has a 50-day moving average price of $109.57 and a two-hundred day moving average price of $116.19.

CRH (NYSE:CRH) last issued its earnings results on Thursday, April 30th. The construction company reported ($0.20) earnings per share (EPS) for the quarter, beating the consensus estimate 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 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 analysts predict that Crh Plc will post 5.92 EPS for the current year.

CRH Announces Dividend

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

Analyst Upgrades and Downgrades

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