Swiss National Bank Has $229.94 Million Holdings in Crh Plc $CRH

Swiss National Bank reduced its stake in shares of Crh Plc (NYSE:CRH – Free Report) by 5.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,842,460 shares of the construction company’s stock after selling 106,100 shares during the quarter. Swiss National Bank’s holdings in CRH were worth $229,939,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of CRH. Vanguard Group Inc. raised its stake in CRH by 22.7% during the 4th quarter. Vanguard Group Inc. now owns 79,117,664 shares of the construction company’s stock valued at $9,873,884,000 after purchasing an additional 14,623,673 shares during the last quarter. Norges Bank acquired a new position in CRH during the 4th quarter valued at $1,476,939,000. Geode Capital Management LLC raised its stake 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 valued at $1,827,252,000 after purchasing an additional 5,916,930 shares during the last quarter. Artisan Partners Limited Partnership acquired a new position in CRH during the 3rd quarter valued at $295,798,000. Finally, National Pension Service acquired a new position in CRH during the 4th quarter valued at $258,172,000. 62.50% of the stock is currently owned by institutional investors and hedge funds.

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CRH Stock Performance

Shares of CRH stock opened at $104.95 on Friday. Crh Plc has a 52-week low of $86.82 and a 52-week high of $131.55. The stock has a market cap of $70.12 billion, a price-to-earnings ratio of 19.43, a P/E/G ratio of 1.74 and a beta of 1.31. The firm has a fifty day moving average of $109.55 and a 200-day moving average of $116.05.

CRH (NYSE:CRH – Get Free Report) last announced its quarterly earnings data 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 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, sell-side analysts predict that Crh Plc will post 5.92 earnings per share for the current year.

CRH Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 17th. Stockholders 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 dividend yield of 1.5%. CRH’s dividend payout ratio is presently 28.89%.

Analysts Set New Price Targets

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

Check Out Our Latest Stock Analysis on CRH

About CRH

(Free Report)

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.

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