Teachers Retirement System of The State of Kentucky Sells 23,600 Shares of Crh Plc $CRH

Teachers Retirement System of The State of Kentucky reduced its stake in Crh Plc (NYSE:CRH) by 6.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 322,240 shares of the construction company’s stock after selling 23,600 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in CRH were worth $33,874,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of CRH. Diversify Wealth Management LLC increased its holdings in shares of CRH by 47.0% in the 1st quarter. Diversify Wealth Management LLC now owns 15,136 shares of the construction company’s stock worth $1,717,000 after buying an additional 4,840 shares during the last quarter. Ferguson Wellman Capital Management Inc. bought a new stake in shares of CRH during the 1st quarter worth $30,303,000. Fifth Third Bancorp lifted its holdings in shares of CRH by 27.4% during the 1st quarter. Fifth Third Bancorp now owns 14,584 shares of the construction company’s stock worth $1,533,000 after acquiring an additional 3,134 shares during the last quarter. Sequoia Financial Advisors LLC grew its position in CRH by 4.2% in the first quarter. Sequoia Financial Advisors LLC now owns 22,385 shares of the construction company’s stock worth $2,353,000 after acquiring an additional 900 shares in the last quarter. Finally, Cedar Mountain Advisors LLC purchased a new position in CRH in the first quarter worth $38,000. Hedge funds and other institutional investors own 62.50% of the company’s stock.

CRH Stock Down 0.1%

Shares of CRH stock opened at $104.65 on Monday. The stock has a fifty day moving average of $107.40 and a 200 day moving average of $113.99. Crh Plc has a 52 week low of $91.22 and a 52 week high of $131.55. The firm has a market capitalization of $69.93 billion, a price-to-earnings ratio of 19.38, a PEG ratio of 1.82 and a beta of 1.32.

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 the consensus estimate of ($0.22) by $0.02. The business had revenue of $7.37 billion for the quarter, compared to analysts’ expectations of $7.07 billion. CRH had a net margin of 9.65% and a return on equity of 15.37%. The company’s revenue for the quarter was up 9.1% on a year-over-year basis. CRH has set its FY 2026 guidance at 5.600-6.050 EPS. Equities research analysts anticipate that Crh Plc will post 5.92 earnings per share for the current year.

CRH Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 17th. Stockholders of record on Friday, May 15th were paid a dividend of $0.39 per share. The ex-dividend date of this dividend 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 presently 28.89%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on CRH. Morgan Stanley restated an “overweight” rating and set a $139.00 price target on shares of CRH in a research report on Wednesday, April 15th. Sanford C. Bernstein reiterated an “outperform” rating on shares of CRH in a report on Tuesday, June 23rd. Wells Fargo & Company reduced their price objective on CRH from $135.00 to $132.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 8th. Weiss Ratings cut CRH from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, June 18th. Finally, Jefferies Financial Group boosted their target price on CRH from $149.00 to $165.60 and gave the stock a “buy” rating in a research report on Friday, June 26th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, CRH presently has an average rating of “Buy” and a consensus price target of $141.19.

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.