Mufg Securities Americas Inc. purchased a new stake in shares of Crh Plc (NYSE:CRH – Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 18,057 shares of the construction company’s stock, valued at approximately $2,254,000.
A number of other institutional investors have also recently made changes to their positions in CRH. Board of the Pension Protection Fund purchased a new position in shares of CRH during the fourth quarter valued at about $25,000. Harbor Investment Advisory LLC grew its position in shares of CRH by 87.6% during 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. Flagship Harbor Advisors LLC purchased a new position in shares of CRH during the fourth quarter valued at about $26,000. Riggs Asset Managment Co. Inc. grew its position in shares of CRH by 1,835.3% during the second quarter. Riggs Asset Managment Co. Inc. now owns 329 shares of the construction company’s stock valued at $30,000 after purchasing an additional 312 shares in the last quarter. Finally, Elyxium Wealth LLC purchased a new position in shares of CRH during the fourth quarter valued at about $37,000. Hedge funds and other institutional investors own 62.50% of the company’s stock.
Analyst Ratings Changes
CRH has been the subject of a number of research analyst reports. Weiss Ratings lowered CRH from a “buy (b)” rating to a “hold (c+)” rating in a research report on Monday, May 4th. Morgan Stanley restated an “overweight” rating and set a $139.00 price objective on shares of CRH in a research report on Wednesday, April 15th. Wells Fargo & Company raised their price objective on CRH from $133.00 to $135.00 and gave the company an “equal weight” rating in a research report on Friday, February 20th. JPMorgan Chase & Co. raised their price objective on CRH from $135.00 to $140.00 and gave the company an “overweight” rating in a research report on Tuesday, March 3rd. Finally, DA Davidson set a $120.00 price objective on CRH in a research report on Friday, February 20th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $139.54.
CRH Trading Down 0.1%
CRH opened at $106.41 on Monday. The firm has a market cap of $71.11 billion, a P/E ratio of 19.71, a P/E/G ratio of 1.85 and a beta of 1.31. Crh Plc has a 12 month low of $86.82 and a 12 month high of $131.55. The stock has a 50-day moving average of $109.55 and a 200 day moving average of $116.00.
CRH (NYSE:CRH – Get Free Report) last released its quarterly earnings results 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 company had revenue of $7.37 billion during the quarter, compared to analyst estimates of $7.07 billion. CRH had a return on equity of 15.37% and a net margin of 9.65%.The company’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, research analysts forecast that Crh Plc will post 5.92 earnings per share for the current fiscal 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 given a $0.39 dividend. The ex-dividend date is Friday, May 15th. This represents a $1.56 annualized dividend and a yield of 1.5%. CRH’s dividend payout ratio (DPR) is currently 28.89%.
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.
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