Western Wealth Management LLC acquired a new stake in shares of Crh Plc (NYSE:CRH – Free Report) during the 1st quarter, Holdings Channel.com reports. The fund acquired 6,454 shares of the construction company’s stock, valued at approximately $678,000.
Other hedge funds also recently made changes to their positions in the company. Waddell & Associates LLC increased its holdings in shares of CRH by 3.8% in the 4th quarter. Waddell & Associates LLC now owns 2,352 shares of the construction company’s stock valued at $294,000 after acquiring an additional 87 shares during the last quarter. PDS Planning Inc lifted its stake in CRH by 2.3% during the fourth quarter. PDS Planning Inc now owns 4,000 shares of the construction company’s stock worth $499,000 after purchasing an additional 89 shares during the last quarter. Larson Financial Group LLC boosted its holdings in CRH by 6.1% in the fourth quarter. Larson Financial Group LLC now owns 1,778 shares of the construction company’s stock worth $222,000 after purchasing an additional 102 shares during the period. Bell Investment Advisors Inc boosted its holdings in CRH by 51.2% in the first quarter. Bell Investment Advisors Inc now owns 304 shares of the construction company’s stock worth $32,000 after purchasing an additional 103 shares during the period. Finally, Optas LLC increased its stake in CRH by 4.5% during the first quarter. Optas LLC now owns 2,695 shares of the construction company’s stock valued at $283,000 after purchasing an additional 117 shares during the last quarter. Institutional investors and hedge funds own 62.50% of the company’s stock.
Analyst Ratings Changes
CRH has been the topic of a number of research reports. Wells Fargo & Company dropped their target price on shares of CRH from $135.00 to $132.00 and set an “overweight” rating on the stock in a report on Wednesday, July 8th. Jefferies Financial Group lifted their price target on shares of CRH from $149.00 to $165.60 and gave the company a “buy” rating in a report on Friday, June 26th. Stephens lowered their price objective on shares of CRH from $135.00 to $125.00 and set an “overweight” rating for the company in a research report on Friday. Sanford C. Bernstein reiterated an “outperform” rating on shares of CRH in a research note on Tuesday, June 23rd. Finally, Weiss Ratings raised shares of CRH from a “hold (c)” rating to a “buy (b-)” rating in a report on Friday. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $139.44.
CRH Price Performance
Shares of CRH opened at $98.67 on Tuesday. The company has a market cap of $65.93 billion, a P/E ratio of 17.40, a PEG ratio of 1.66 and a beta of 1.34. The stock has a fifty day moving average price of $105.22 and a 200 day moving average price of $111.01. Crh Plc has a 12 month low of $94.11 and a 12 month high of $131.55.
CRH (NYSE:CRH – Get Free Report) last issued its earnings results on Thursday, July 30th. The construction company reported $2.21 earnings per share for the quarter, topping the consensus estimate of $2.02 by $0.19. The firm had revenue of $10.78 billion for the quarter, compared to analyst estimates of $10.68 billion. CRH had a return on equity of 15.76% and a net margin of 9.93%.The firm’s revenue for the quarter was up 5.6% on a year-over-year basis. During the same period last year, the company earned $1.94 earnings per share. CRH has set its FY 2026 guidance at 5.600-6.050 EPS. As a group, research analysts anticipate that Crh Plc will post 5.89 earnings per share for the current year.
CRH Dividend Announcement
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 issued a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend is Friday, August 14th. CRH’s dividend payout ratio (DPR) is 27.51%.
CRH Company 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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