Manitou Investment Management Ltd. Has $16.43 Million Holdings in Crh Plc $CRH

Manitou Investment Management Ltd. grew its position in shares of Crh Plc (NYSE:CRH) by 906.6% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 153,577 shares of the construction company’s stock after buying an additional 138,320 shares during the quarter. CRH accounts for approximately 3.1% of Manitou Investment Management Ltd.’s investment portfolio, making the stock its 11th largest holding. Manitou Investment Management Ltd.’s holdings in CRH were worth $16,433,000 at the end of the most recent reporting period.

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

Wall Street Analysts Forecast Growth

CRH has been the topic of a number of recent analyst reports. Truist Financial reduced their price objective on CRH from $140.00 to $130.00 and set a “buy” rating on the stock in a research note on Friday, July 31st. Jefferies Financial Group lifted their price target on CRH from $149.00 to $165.60 and gave the company a “buy” rating in a report on Friday, June 26th. Stephens reduced their price target on shares of CRH from $135.00 to $125.00 and set an “overweight” rating on the stock in a research report on Friday, July 31st. Sanford C. Bernstein reissued an “outperform” rating on shares of CRH in a report on Tuesday, June 23rd. Finally, Morgan Stanley restated an “overweight” rating and issued a $139.00 price objective on shares of CRH in a research report on Wednesday, April 15th. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $139.44.

CRH Stock Performance

Shares of CRH opened at $97.61 on Friday. The firm has a market capitalization of $65.22 billion, a price-to-earnings ratio of 17.21, a PEG ratio of 1.78 and a beta of 1.34. The business’s fifty day moving average price is $104.85 and its two-hundred day moving average price is $110.52. Crh Plc has a 52 week low of $94.11 and a 52 week high of $131.55.

CRH (NYSE:CRH) last released its earnings results on Thursday, July 30th. The construction company reported $2.21 earnings per share for the quarter, topping analysts’ consensus estimates of $2.02 by $0.19. CRH had a return on equity of 15.76% and a net margin of 9.93%.The company had revenue of $10.78 billion during the quarter, compared to the consensus estimate of $10.68 billion. During the same quarter in the previous year, the company posted $1.94 earnings per share. The firm’s quarterly revenue was up 5.6% on a year-over-year basis. CRH has set its FY 2026 guidance at 5.600-6.050 EPS. As a group, research analysts forecast that Crh Plc will post 5.8 EPS for the current year.

CRH Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 16th. Investors of record on Friday, August 14th will be given a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date is Friday, August 14th. CRH’s dividend payout ratio (DPR) is presently 27.51%.

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.