Barings LLC Sells 19,772 Shares of Crh Plc $CRH

Barings LLC decreased its stake in shares of Crh Plc (NYSE:CRH) by 7.1% in the 4th quarter, Holdings Channel reports. The fund owned 258,726 shares of the construction company’s stock after selling 19,772 shares during the quarter. CRH accounts for approximately 0.6% of Barings LLC’s investment portfolio, making the stock its 23rd biggest position. Barings LLC’s holdings in CRH were worth $32,289,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in CRH. Vanguard Group Inc. increased its position 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 acquiring an additional 14,623,673 shares in the last quarter. Norges Bank acquired a new position in CRH during the fourth quarter worth $1,476,939,000. Geode Capital Management LLC lifted its position in CRH by 67.3% during the 4th quarter. Geode Capital Management LLC now owns 14,709,575 shares of the construction company’s stock worth $1,827,252,000 after buying an additional 5,916,930 shares in the last quarter. Artisan Partners Limited Partnership acquired a new position in shares of CRH during the 3rd quarter worth about $295,798,000. Finally, National Pension Service bought a new position in shares of CRH in the 4th quarter valued at about $258,172,000. Institutional investors own 62.50% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Weiss Ratings lowered CRH from a “buy (b)” rating to a “hold (c+)” rating in a research report on Monday, May 4th. Wells Fargo & Company upped their price target on shares of CRH from $133.00 to $135.00 and gave the stock an “equal weight” rating in a research report on Friday, February 20th. Morgan Stanley reiterated an “overweight” rating and set a $139.00 price target on shares of CRH in a report on Wednesday, April 15th. DA Davidson set a $120.00 price objective on CRH in a research note on Friday, February 20th. Finally, JPMorgan Chase & Co. lifted their target price on CRH from $135.00 to $140.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 3rd. Two analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, CRH has an average rating of “Moderate Buy” and a consensus price target of $139.54.

CRH Price Performance

CRH stock opened at $104.95 on Friday. The stock has a market capitalization of $70.12 billion, a price-to-earnings ratio of 19.43, a PEG ratio of 1.74 and a beta of 1.31. The business’s fifty day moving average price is $109.55 and its two-hundred day moving average price is $116.05. Crh Plc has a fifty-two week low of $86.82 and a fifty-two week high of $131.55.

CRH (NYSE:CRH) last announced its earnings results on Thursday, April 30th. The construction company reported ($0.20) earnings per share (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 company had revenue of $7.37 billion during the quarter, compared to analysts’ expectations of $7.07 billion. The business’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. Research analysts expect that Crh Plc will post 5.92 EPS for the current year.

CRH Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 17th. Shareholders of record on Friday, May 15th will be issued a $0.39 dividend. The ex-dividend date of this dividend is Friday, May 15th. This represents a $1.56 annualized dividend and a yield of 1.5%. CRH’s payout ratio is currently 28.89%.

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.