Greenwood Capital Associates LLC lowered its position in Crh Plc (NYSE:CRH – Free Report) by 38.9% during the first quarter, according to its most recent filing with the SEC. The firm owned 36,782 shares of the construction company’s stock after selling 23,465 shares during the period. Greenwood Capital Associates LLC’s holdings in CRH were worth $3,867,000 as of its most recent filing with the SEC.
Several other large investors have also added to or reduced their stakes in the business. Board of the Pension Protection Fund acquired a new stake in shares of CRH during the 4th quarter worth approximately $25,000. Harbor Investment Advisory LLC raised its holdings in shares of CRH by 87.6% in the 4th quarter. Harbor Investment Advisory LLC now owns 212 shares of the construction company’s stock worth $26,000 after acquiring an additional 99 shares during the last quarter. Flagship Harbor Advisors LLC purchased a new stake in shares of CRH in the fourth quarter worth approximately $26,000. Riggs Asset Managment Co. Inc. lifted its stake in CRH by 1,835.3% during the 2nd quarter. Riggs Asset Managment Co. Inc. now owns 329 shares of the construction company’s stock valued at $30,000 after acquiring an additional 312 shares in the last quarter. Finally, Bell Investment Advisors Inc lifted its position in shares of CRH by 51.2% during the first quarter. Bell Investment Advisors Inc now owns 304 shares of the construction company’s stock valued at $32,000 after purchasing an additional 103 shares in the last quarter. Institutional investors and hedge funds own 62.50% of the company’s stock.
Analyst Upgrades and Downgrades
Several research analysts have weighed in on CRH shares. Jefferies Financial Group boosted their price objective on CRH from $149.00 to $165.60 and gave the stock a “buy” rating in a research report on Friday, June 26th. Morgan Stanley reissued an “overweight” rating and issued a $139.00 price objective on shares of CRH in a report on Wednesday, April 15th. Weiss Ratings lowered shares of CRH from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, June 18th. Wells Fargo & Company dropped their price objective on CRH from $135.00 to $132.00 and set an “overweight” rating on the stock in a report on Wednesday. Finally, Sanford C. Bernstein reiterated an “outperform” rating on shares of CRH in a research note on Tuesday, June 23rd. Two research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, CRH has an average rating of “Buy” and a consensus target price of $141.19.
CRH Stock Performance
Shares of CRH stock opened at $102.98 on Thursday. The company has a fifty day moving average of $107.79 and a 200-day moving average of $114.29. Crh Plc has a 52-week low of $91.22 and a 52-week high of $131.55. The stock has a market capitalization of $68.81 billion, a price-to-earnings ratio of 19.07, a price-to-earnings-growth ratio of 1.85 and a beta of 1.32.
CRH (NYSE:CRH – Get Free Report) last released its quarterly earnings data 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 firm had revenue of $7.37 billion for the quarter, compared to the consensus estimate 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, equities research analysts forecast that Crh Plc will post 5.92 earnings per share for the current fiscal year.
CRH Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 17th. Shareholders of record on Friday, May 15th were given a $0.39 dividend. The ex-dividend date was 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%.
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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