Sterling Capital Management LLC Sells 90,712 Shares of Crh Plc $CRH

Sterling Capital Management LLC cut its position in Crh Plc (NYSE:CRH) by 37.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 152,638 shares of the construction company’s stock after selling 90,712 shares during the period. Sterling Capital Management LLC’s holdings in CRH were worth $16,045,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in CRH by 22.7% in the fourth quarter. Vanguard Group Inc. now owns 79,117,664 shares of the construction company’s stock valued at $9,873,884,000 after acquiring an additional 14,623,673 shares during the period. State Street Corp increased its holdings in shares of CRH by 81.3% during the fourth quarter. State Street Corp now owns 24,895,205 shares of the construction company’s stock valued at $3,106,927,000 after acquiring an additional 11,167,189 shares in the last quarter. Geode Capital Management LLC raised its position in shares of CRH by 67.3% during the fourth quarter. Geode Capital Management LLC now owns 14,709,575 shares of the construction company’s stock worth $1,827,252,000 after purchasing an additional 5,916,930 shares during the period. Massachusetts Financial Services Co. MA raised its position in shares of CRH by 0.6% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 12,439,954 shares of the construction company’s stock worth $1,552,506,000 after purchasing an additional 78,769 shares during the period. Finally, Norges Bank bought a new position in shares of CRH in the 4th quarter worth $1,476,939,000. 62.50% of the stock is owned by institutional investors and hedge funds.

CRH Price Performance

NYSE CRH opened at $112.68 on Friday. The company has a fifty day moving average price of $109.44 and a 200-day moving average price of $115.46. The firm has a market cap of $75.29 billion, a price-to-earnings ratio of 20.87, a PEG ratio of 1.97 and a beta of 1.31. Crh Plc has a 1 year low of $89.63 and a 1 year high of $131.55.

CRH (NYSE:CRH) last released its quarterly earnings results on Thursday, April 30th. The construction company reported ($0.20) earnings per share 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 company had revenue of $7.37 billion for the quarter, compared to analyst estimates of $7.07 billion. The firm’s 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. On average, research analysts anticipate that Crh Plc will post 5.92 EPS for the current fiscal year.

CRH Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 17th. Shareholders of record on Friday, May 15th were given a dividend of $0.39 per share. The ex-dividend date of this dividend was Friday, May 15th. This represents a $1.56 annualized dividend and a dividend yield of 1.4%. CRH’s dividend payout ratio (DPR) is currently 28.89%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. Weiss Ratings downgraded shares of CRH from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, June 18th. JPMorgan Chase & Co. raised their price objective on shares of CRH from $135.00 to $140.00 and gave the company an “overweight” rating in a research note on Tuesday, March 3rd. 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. Sanford C. Bernstein reissued an “outperform” rating on shares of CRH in a research report on Tuesday. Finally, Morgan Stanley restated an “overweight” rating and issued a $139.00 target price on shares of CRH in a report on Wednesday, April 15th. Two research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, CRH presently has an average rating of “Moderate Buy” and an average price target of $141.40.

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.