Citizens Financial Group Inc. RI raised its position in Crh Plc (NYSE:CRH – Free Report) by 325.6% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,316 shares of the construction company’s stock after buying an additional 6,362 shares during the quarter. Citizens Financial Group Inc. RI’s holdings in CRH were worth $689,000 at the end of the most recent reporting period.
Several other large investors have also recently added to or reduced their stakes in CRH. Amundi lifted its holdings in shares of CRH by 74.7% during the first quarter. Amundi now owns 5,965,814 shares of the construction company’s stock worth $627,126,000 after buying an additional 2,550,178 shares in the last quarter. Bank of America Corp DE boosted its position in shares of CRH by 3.8% in the first quarter. Bank of America Corp DE now owns 5,928,489 shares of the construction company’s stock valued at $623,203,000 after acquiring an additional 216,822 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of CRH by 6.6% in the first quarter. Dimensional Fund Advisors LP now owns 4,831,618 shares of the construction company’s stock valued at $507,784,000 after acquiring an additional 297,309 shares during the period. Lazard Asset Management LLC grew its stake in shares of CRH by 4.1% in the first quarter. Lazard Asset Management LLC now owns 2,336,754 shares of the construction company’s stock valued at $245,460,000 after acquiring an additional 93,106 shares in the last quarter. Finally, Janus Henderson Group PLC grew its stake in shares of CRH by 27.9% in the first quarter. Janus Henderson Group PLC now owns 2,186,541 shares of the construction company’s stock valued at $228,994,000 after acquiring an additional 477,242 shares in the last quarter. Institutional investors own 62.50% of the company’s stock.
Key CRH News
Here are the key news stories impacting CRH this week:
- Positive Sentiment: EPS beat and resilient revenue growth: CRH reported third-quarter adjusted EPS of $2.09, ahead of the $2.06 consensus estimate. Revenue increased 3% year over year to $11.40 billion, demonstrating continued demand despite a challenging operating environment. CRH earnings report
- Positive Sentiment: $6 billion share buyback: The newly announced repurchase program provides substantial support for per-share earnings and signals management’s confidence in CRH’s cash generation and valuation. CRH Q3 results and buyback
- Positive Sentiment: Arcosa acquisition completed: CRH finalized its $8.5 billion acquisition of Arcosa, expanding its construction-products platform. The company also expects its Velocity initiatives to produce approximately $400 million in annual run-rate benefits by 2028. CRH EBITDA outlook and Velocity benefits
- Positive Sentiment: Dividend declared: CRH declared its quarterly dividend, payable December 9, reinforcing shareholder returns. CRH dividend announcement
- Neutral Sentiment: Management maintained a 2026 adjusted EBITDA outlook of approximately $7.8 billion to $8.0 billion, while emphasizing pricing gains and acquisition-related growth.
- Negative Sentiment: Profitability and guidance pressures: Quarterly EPS declined from $2.21 a year earlier, revenue missed analysts’ expectations, and rising costs and weak housing markets pressured margins. CRH tightened or lowered portions of its full-year outlook, creating execution risk for the Arcosa integration and near-term earnings. CRH Q3 earnings pressures
Analyst Upgrades and Downgrades
A number of research firms recently commented on CRH. Wells Fargo & Company lowered their price target on shares of CRH from $107.00 to $106.00 and set an “overweight” rating on the stock in a research report on Monday, October 5th. UBS Group cut their price objective on shares of CRH from $147.00 to $135.00 and set a “buy” rating for the company in a report on Tuesday, September 22nd. DA Davidson started coverage on shares of CRH in a research report on Monday, August 24th. They set a “buy” rating and a $137.00 target price on the stock. Stephens lowered their target price on shares of CRH from $125.00 to $105.00 and set an “overweight” rating on the stock in a report on Friday, October 2nd. Finally, Barclays dropped their price target on shares of CRH from $131.00 to $110.00 and set an “overweight” rating for the company in a research report on Monday, October 19th. One analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $126.50.
Get Our Latest Research Report on CRH
CRH Stock Up 4.8%
CRH stock opened at $90.73 on Friday. The company has a market cap of $60.36 billion, a PE ratio of 16.00, a price-to-earnings-growth ratio of 1.57 and a beta of 1.31. The business has a 50-day simple moving average of $87.24 and a 200 day simple moving average of $104.44. Crh Plc has a 52 week low of $78.62 and a 52 week high of $131.55.
CRH (NYSE:CRH – Get Free Report) last released its earnings results on Thursday, October 29th. The construction company reported $2.09 EPS for the quarter, beating the consensus estimate of $2.06 by $0.03. The firm had revenue of $11.40 billion for the quarter, compared to analyst estimates of $11.56 billion. CRH had a net margin of 9.93% and a return on equity of 15.76%. The business’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same period last year, the firm earned $2.21 EPS. On average, analysts anticipate that Crh Plc will post 5.83 EPS for the current fiscal year.
About CRH
CRH plc is a global building materials company that supplies products and solutions used in residential, commercial and infrastructure construction. Its activities include the production and distribution of aggregates, asphalt, ready-mixed concrete, cement and other construction materials, as well as value-added products such as precast concrete, architectural products and site-development solutions.
The company serves customers across North America and Europe, including contractors, construction companies, infrastructure developers, distributors and public-sector organizations.
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