Healthcare of Ontario Pension Plan Trust Fund Sells 120,503 Shares of Crh Plc $CRH

Healthcare of Ontario Pension Plan Trust Fund trimmed its position in Crh Plc (NYSE:CRH) by 34.5% in the fourth quarter, HoldingsChannel.com reports. The firm owned 228,981 shares of the construction company’s stock after selling 120,503 shares during the period. Healthcare of Ontario Pension Plan Trust Fund’s holdings in CRH were worth $28,577,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Board of the Pension Protection Fund acquired a new position in shares of CRH in the fourth quarter valued at $25,000. Flagship Harbor Advisors LLC acquired a new position in shares of CRH in the fourth quarter valued at $26,000. Harbor Investment Advisory LLC raised its stake in shares of CRH by 87.6% in the fourth quarter. Harbor Investment Advisory LLC now owns 212 shares of the construction company’s stock valued at $26,000 after purchasing an additional 99 shares in the last quarter. Meeder Asset Management Inc. raised its stake in shares of CRH by 29,400.0% in the fourth quarter. Meeder Asset Management Inc. now owns 295 shares of the construction company’s stock valued at $37,000 after purchasing an additional 294 shares in the last quarter. Finally, Elyxium Wealth LLC acquired a new position in shares of CRH in the fourth quarter valued at $37,000. 62.50% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

CRH Stock Performance

Shares of NYSE:CRH opened at $109.77 on Tuesday. Crh Plc has a twelve month low of $86.82 and a twelve month high of $131.55. The firm has a market cap of $73.35 billion, a PE ratio of 20.33, a price-to-earnings-growth ratio of 1.85 and a beta of 1.31. The business has a fifty day moving average of $109.66 and a 200-day moving average of $115.96.

CRH (NYSE:CRH) last posted its quarterly 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. The business had revenue of $7.37 billion for the quarter, compared to analysts’ expectations of $7.07 billion. CRH had a return on equity of 15.37% and a net margin of 9.65%.The business’s quarterly revenue was up 9.1% on a year-over-year basis. CRH has set its FY 2026 guidance at 5.600-6.050 EPS. On average, analysts anticipate that Crh Plc will post 5.92 EPS for the current fiscal year.

CRH Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 17th. Investors of record on Friday, May 15th will be issued a $0.39 dividend. The ex-dividend date is Friday, May 15th. This represents a $1.56 annualized dividend and a yield of 1.4%. CRH’s dividend payout ratio (DPR) is currently 28.89%.

About CRH

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.