Commerzbank Aktiengesellschaft FI bought a new stake in Crh Plc (NYSE:CRH – Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 20,834 shares of the construction company’s stock, valued at approximately $2,229,000.
A number of other institutional investors have also made changes to their positions in the stock. Lazard Asset Management LLC lifted its stake in CRH by 4.1% in the 1st quarter. Lazard Asset Management LLC now owns 2,336,754 shares of the construction company’s stock valued at $245,460,000 after purchasing an additional 93,106 shares during the last quarter. Handelsbanken Fonder AB increased its position in CRH by 13.0% during the 2nd quarter. Handelsbanken Fonder AB now owns 332,198 shares of the construction company’s stock worth $35,545,000 after buying an additional 38,141 shares during the period. Principal Financial Group Inc. raised its stake in CRH by 33.2% in the 4th quarter. Principal Financial Group Inc. now owns 3,021,734 shares of the construction company’s stock worth $377,112,000 after purchasing an additional 752,463 shares in the last quarter. Alphinity Investment Management Pty Ltd raised its position in shares of CRH by 3.3% in the fourth quarter. Alphinity Investment Management Pty Ltd now owns 4,337,447 shares of the construction company’s stock valued at $541,313,000 after buying an additional 137,048 shares in the last quarter. Finally, Mirabaud Asset Management Ltd grew its holdings in shares of CRH by 38.2% during the 4th quarter. Mirabaud Asset Management Ltd now owns 98,038 shares of the construction company’s stock worth $12,235,000 after purchasing an additional 27,118 shares in the last quarter. 62.50% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several brokerages recently commented on CRH. Stephens dropped their price objective on shares of CRH from $135.00 to $125.00 and set an “overweight” rating for the company in a research note on Friday, July 31st. Sanford C. Bernstein restated an “outperform” rating on shares of CRH in a research report on Tuesday, June 23rd. Jefferies Financial Group raised their target price on CRH from $149.00 to $165.60 and gave the stock a “buy” rating in a research note on Friday, June 26th. Truist Financial dropped their price objective on shares of CRH from $140.00 to $130.00 and set a “buy” rating on the stock in a report on Friday, July 31st. Finally, Wells Fargo & Company cut their target price on CRH from $135.00 to $132.00 and set an “overweight” rating on the stock in a report on Wednesday, July 8th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $139.44.
CRH Price Performance
Shares of CRH stock opened at $96.29 on Tuesday. The company’s fifty day simple moving average is $103.84 and its two-hundred day simple moving average is $109.34. The stock has a market capitalization of $64.06 billion, a price-to-earnings ratio of 16.98, a PEG ratio of 1.73 and a beta of 1.34. Crh Plc has a 1 year low of $94.11 and a 1 year high of $131.55.
CRH (NYSE:CRH – Get Free Report) last announced its quarterly earnings results on Thursday, July 30th. The construction company reported $2.21 EPS for the quarter, beating the consensus estimate of $2.02 by $0.19. CRH had a net margin of 9.93% and a return on equity of 15.76%. The firm had revenue of $10.78 billion during the quarter, compared to the consensus estimate of $10.68 billion. During the same period last year, the firm earned $1.94 EPS. The business’s quarterly revenue was up 5.6% compared to the same quarter last year. CRH has set its FY 2026 guidance at 5.600-6.050 EPS. Equities research analysts anticipate that Crh Plc will post 5.8 EPS for the current year.
CRH Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 16th. Shareholders of record on Friday, August 14th will be paid a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend is Friday, August 14th. CRH’s payout ratio is 27.51%.
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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