Lansforsakringar Fondforvaltning AB publ Sells 10,580 Shares of Crh Plc $CRH

Lansforsakringar Fondforvaltning AB publ lowered its holdings in shares of Crh Plc (NYSE:CRH – Free Report) by 2.2% in the 1st quarter, Holdings Channel.com reports. The firm owned 475,815 shares of the construction company’s stock after selling 10,580 shares during the quarter. Lansforsakringar Fondforvaltning AB publ’s holdings in CRH were worth $50,017,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in CRH. Vanguard Group Inc. boosted its stake in shares of CRH by 22.7% during the 4th quarter. Vanguard Group Inc. now owns 79,117,664 shares of the construction company’s stock worth $9,873,884,000 after acquiring an additional 14,623,673 shares during the last quarter. State Street Corp grew its stake in shares of CRH by 81.3% during the 4th quarter. State Street Corp now owns 24,895,205 shares of the construction company’s stock valued at $3,106,927,000 after acquiring an additional 11,167,189 shares during the period. Geode Capital Management LLC grew its stake in shares of 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 acquiring an additional 5,916,930 shares during the period. Massachusetts Financial Services Co. MA increased its holdings in CRH by 0.6% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 12,439,954 shares of the construction company’s stock worth $1,552,506,000 after acquiring an additional 78,769 shares in the last quarter. Finally, Norges Bank purchased a new stake in CRH in the 4th quarter worth approximately $1,476,939,000. Institutional investors own 62.50% of the company’s stock.

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CRH Stock Down 3.1%

CRH opened at $108.87 on Tuesday. The firm’s fifty day simple moving average is $109.33 and its two-hundred day simple moving average is $115.27. Crh Plc has a 52-week low of $91.22 and a 52-week high of $131.55. The company has a market cap of $72.75 billion, a price-to-earnings ratio of 20.16, a PEG ratio of 1.95 and a beta of 1.31.

CRH (NYSE:CRH – Get Free Report) last released its earnings results on Thursday, April 30th. The construction company reported ($0.20) EPS for the quarter, topping analysts’ consensus estimates of ($0.22) by $0.02. The business had revenue of $7.37 billion during the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. 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 EPS for the current year.

CRH Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 17th. Stockholders of record on Friday, May 15th were given a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 1.4%. The ex-dividend date was Friday, May 15th. CRH’s dividend payout ratio (DPR) is 28.89%.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on CRH. Jefferies Financial Group increased their price target on CRH from $149.00 to $165.60 and gave the stock a “buy” rating in a research report on Friday. JPMorgan Chase & Co. increased their target price on shares of CRH from $135.00 to $140.00 and gave the stock an “overweight” rating in a report on Tuesday, March 3rd. Weiss Ratings downgraded shares of CRH from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, June 18th. Sanford C. Bernstein restated an “outperform” rating on shares of CRH in a report on Tuesday, June 23rd. Finally, Morgan Stanley reaffirmed an “overweight” rating and issued a $139.00 price target on shares of CRH in a research report on Wednesday, April 15th. Two research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, CRH presently has a consensus rating of “Moderate Buy” and a consensus price target of $141.40.

Check Out Our Latest Research Report on CRH

CRH Profile

(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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