PNC Financial Services Group Inc. lifted its position in Crh Plc (NYSE:CRH – Free Report) by 118.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 36,244 shares of the construction company’s stock after acquiring an additional 19,620 shares during the period. PNC Financial Services Group Inc.’s holdings in CRH were worth $3,810,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors have also recently made changes to their positions in CRH. Flagship Harbor Advisors LLC purchased a new position in CRH in the 4th quarter valued at $26,000. Riggs Asset Managment Co. Inc. grew its holdings in shares of CRH by 1,835.3% during the second quarter. Riggs Asset Managment Co. Inc. now owns 329 shares of the construction company’s stock worth $30,000 after buying an additional 312 shares in the last quarter. Bell Investment Advisors Inc raised its position in shares of CRH by 51.2% in the first quarter. Bell Investment Advisors Inc now owns 304 shares of the construction company’s stock valued at $32,000 after buying an additional 103 shares during the last quarter. Kemnay Advisory Services Inc. acquired a new stake in shares of CRH in the fourth quarter valued at about $33,000. Finally, Elyxium Wealth LLC purchased a new position in shares of CRH in the fourth quarter worth about $37,000. 62.50% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
CRH has been the topic of a number of recent research reports. Wells Fargo & Company lowered their price target on shares of CRH from $135.00 to $132.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 8th. Weiss Ratings lowered shares of CRH from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, June 18th. Jefferies Financial Group boosted their target price on CRH from $149.00 to $165.60 and gave the stock a “buy” rating in a report on Friday, June 26th. Morgan Stanley restated an “overweight” rating and issued a $139.00 price target on shares of CRH in a research report on Wednesday, April 15th. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating on shares of CRH in a report on Tuesday, June 23rd. Two analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, CRH currently has an average rating of “Buy” and an average target price of $141.19.
CRH Trading Up 3.0%
Shares of CRH stock opened at $102.83 on Tuesday. Crh Plc has a twelve month low of $93.58 and a twelve month high of $131.55. The company’s 50-day moving average price is $105.39 and its 200-day moving average price is $112.03. The stock has a market cap of $68.71 billion, a price-to-earnings ratio of 19.04, a PEG ratio of 1.72 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) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.22) by $0.02. CRH had a net margin of 9.65% and a return on equity of 15.37%. The firm had revenue of $7.37 billion during the quarter, compared to analysts’ expectations of $7.07 billion. The firm’s revenue was up 9.1% on a year-over-year basis. CRH has set its FY 2026 guidance at 5.600-6.050 EPS. As a group, equities research analysts predict that Crh Plc will post 5.96 EPS for the current year.
CRH Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Wednesday, June 17th. Stockholders of record on Friday, May 15th were issued a dividend of $0.39 per share. 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 dividend payout ratio (DPR) is currently 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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