iA Global Asset Management Inc. Invests $129.47 Million in Crh Plc $CRH

iA Global Asset Management Inc. bought a new position in shares of Crh Plc (NYSE:CRH) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 1,037,453 shares of the construction company’s stock, valued at approximately $129,474,000. CRH accounts for about 1.6% of iA Global Asset Management Inc.’s investment portfolio, making the stock its 12th biggest position. iA Global Asset Management Inc. owned 0.15% of CRH at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. boosted 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 valued at $9,873,884,000 after buying an additional 14,623,673 shares during the last quarter. Artisan Partners Limited Partnership bought a new stake in CRH during the third quarter worth $295,798,000. Alkeon Capital Management LLC bought a new stake in CRH during the third quarter worth $209,825,000. SG Americas Securities LLC grew its holdings in CRH by 9,615.1% during the fourth quarter. SG Americas Securities LLC now owns 1,386,928 shares of the construction company’s stock worth $173,089,000 after buying an additional 1,372,652 shares in the last quarter. Finally, Citigroup Inc. grew its holdings in CRH by 229.0% during the third quarter. Citigroup Inc. now owns 1,811,126 shares of the construction company’s stock worth $217,154,000 after buying an additional 1,260,558 shares in the last quarter. 62.50% of the stock is owned by institutional investors and hedge funds.

CRH Stock Performance

Shares of NYSE:CRH opened at $103.40 on Friday. The company has a market capitalization of $69.09 billion, a P/E ratio of 19.15, a price-to-earnings-growth ratio of 1.80 and a beta of 1.36. The company’s 50-day moving average is $109.58 and its 200 day moving average is $117.41. 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 quarterly earnings data on Thursday, April 30th. The construction company reported ($0.20) EPS for the quarter, topping the consensus estimate of ($0.22) by $0.02. The business had revenue of $7.37 billion for the quarter, compared to analyst estimates of $7.07 billion. CRH had a net margin of 9.65% and a return on equity of 15.37%. 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. As a group, research analysts predict that Crh Plc will post 5.9 earnings per share for the current year.

CRH Announces Dividend

The business 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. 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 payout ratio is 28.89%.

Analyst Upgrades and Downgrades

CRH has been the subject of several recent research reports. Wells Fargo & Company upped their price target on CRH from $133.00 to $135.00 and gave the stock an “equal weight” rating in a report on Friday, February 20th. DA Davidson set a $120.00 price target on CRH in a report on Friday, February 20th. BNP Paribas Exane upgraded CRH to a “strong-buy” rating in a report on Friday, January 23rd. JPMorgan Chase & Co. upped their price target on CRH from $135.00 to $140.00 and gave the stock an “overweight” rating in a report on Tuesday, March 3rd. Finally, Morgan Stanley reiterated an “overweight” rating and set a $139.00 price target 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 given a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target 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.