WCG Wealth Advisors LLC acquired a new stake in shares of Crh Plc (NYSE:CRH – Free Report) in the fourth quarter, HoldingsChannel reports. The firm acquired 11,532 shares of the construction company’s stock, valued at approximately $1,439,000.
A number of other institutional investors and hedge funds have also bought and sold shares of CRH. Board of the Pension Protection Fund bought a new position in CRH in the fourth quarter worth about $25,000. Flagship Harbor Advisors LLC purchased a new stake in CRH during the 4th quarter valued at about $26,000. Harbor Investment Advisory LLC grew its stake in CRH by 87.6% during the 4th 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 during the last quarter. Cornerstone Planning Group LLC boosted its stake in shares of CRH by 139.3% in the third quarter. Cornerstone Planning Group LLC now owns 268 shares of the construction company’s stock worth $31,000 after buying an additional 156 shares during the last quarter. Finally, Elyxium Wealth LLC purchased a new stake in shares of CRH in the fourth quarter worth about $37,000. 62.50% of the stock is owned by institutional investors.
Analysts Set New Price Targets
A number of equities analysts recently weighed in on CRH shares. JPMorgan Chase & Co. upped their price target on CRH from $135.00 to $140.00 and gave the stock an “overweight” rating in a report on Tuesday, March 3rd. Wells Fargo & Company increased their target price on CRH from $133.00 to $135.00 and gave the company an “equal weight” rating in a report on Friday, February 20th. Morgan Stanley reaffirmed an “overweight” rating and issued a $139.00 price target on shares of CRH in a report on Wednesday, April 15th. Weiss Ratings lowered CRH from a “buy (b)” rating to a “hold (c+)” rating in a research report on Monday, May 4th. Finally, DA Davidson set a $120.00 price target on CRH in a research report on Friday, February 20th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $139.54.
CRH Trading Down 1.4%
NYSE CRH opened at $105.10 on Friday. The business’s 50 day moving average is $109.57 and its two-hundred day moving average is $116.19. Crh Plc has a 12-month low of $86.82 and a 12-month high of $131.55. The stock has a market capitalization of $70.23 billion, a price-to-earnings ratio of 19.46, a PEG ratio of 1.85 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) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.22) by $0.02. The company had revenue of $7.37 billion for the quarter, compared to analysts’ expectations of $7.07 billion. CRH had a return on equity of 15.37% and a net margin of 9.65%.The business’s 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. Equities analysts forecast that Crh Plc will post 5.92 earnings per share for the current fiscal year.
CRH Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 17th. Shareholders of record on Friday, May 15th will be issued a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date is Friday, May 15th. CRH’s dividend payout ratio is 28.89%.
About CRH
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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