New Mexico Educational Retirement Board Makes New $3.83 Million Investment in Crh Plc $CRH

New Mexico Educational Retirement Board bought a new stake in Crh Plc (NYSE:CRH) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 30,700 shares of the construction company’s stock, valued at approximately $3,831,000.

Several other institutional investors also recently modified their holdings of the business. NewEdge Advisors LLC boosted its position in CRH by 158.5% in the first quarter. NewEdge Advisors LLC now owns 8,670 shares of the construction company’s stock worth $763,000 after purchasing an additional 5,316 shares during the last quarter. Empowered Funds LLC boosted its position in CRH by 5.3% in the first quarter. Empowered Funds LLC now owns 13,178 shares of the construction company’s stock worth $1,159,000 after purchasing an additional 658 shares during the last quarter. Sivia Capital Partners LLC boosted its position in CRH by 58.5% in the second quarter. Sivia Capital Partners LLC now owns 4,279 shares of the construction company’s stock worth $393,000 after purchasing an additional 1,579 shares during the last quarter. Sei Investments Co. boosted its position in CRH by 18.9% in the second quarter. Sei Investments Co. now owns 228,288 shares of the construction company’s stock worth $20,957,000 after purchasing an additional 36,238 shares during the last quarter. Finally, Treasurer of the State of North Carolina boosted its position in CRH by 0.7% in the second quarter. Treasurer of the State of North Carolina now owns 316,818 shares of the construction company’s stock worth $29,084,000 after purchasing an additional 2,348 shares during the last quarter. 62.50% of the stock is owned by institutional investors.

CRH Stock Performance

CRH stock opened at $106.79 on Tuesday. The stock’s 50 day simple moving average is $109.43 and its two-hundred day simple moving average is $116.37. The stock has a market cap of $71.35 billion, a price-to-earnings ratio of 19.78, a PEG ratio of 1.89 and a beta of 1.31. Crh Plc has a fifty-two week low of $86.82 and a fifty-two week high of $131.55.

CRH (NYSE:CRH) last released its 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. CRH had a net margin of 9.65% and a return on equity of 15.37%. The firm had revenue of $7.37 billion during 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, analysts predict that Crh Plc will post 5.92 earnings per share for the current year.

CRH Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 17th. Stockholders of record on Friday, May 15th will be given a dividend of $0.39 per share. The ex-dividend date of this dividend is 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 Ratings Changes

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