Crh Plc $CRH Shares Sold by R Squared Ltd

R Squared Ltd trimmed its position in shares of Crh Plc (NYSE:CRH) by 67.5% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,195 shares of the construction company’s stock after selling 12,848 shares during the period. R Squared Ltd’s holdings in CRH were worth $743,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Creekmur Asset Management LLC acquired a new stake in shares of CRH in the second quarter valued at $27,000. United Community Bank boosted its holdings in CRH by 359.6% during the 3rd quarter. United Community Bank now owns 239 shares of the construction company’s stock valued at $29,000 after acquiring an additional 187 shares during the period. Riggs Asset Managment Co. Inc. boosted its holdings in CRH by 1,835.3% during the 2nd quarter. Riggs Asset Managment Co. Inc. now owns 329 shares of the construction company’s stock valued at $30,000 after acquiring an additional 312 shares during the period. Cornerstone Planning Group LLC grew its position in CRH by 139.3% in the 3rd quarter. Cornerstone Planning Group LLC now owns 268 shares of the construction company’s stock valued at $31,000 after acquiring an additional 156 shares in the last quarter. Finally, Salomon & Ludwin LLC purchased a new stake in CRH during the third quarter worth about $32,000. 62.50% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on CRH shares. Wells Fargo & Company increased their price target on shares of CRH from $133.00 to $135.00 and gave the stock an “equal weight” rating in a research report on Friday, February 20th. JPMorgan Chase & Co. upped their target price on shares of CRH from $130.00 to $135.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 11th. Longbow Research started coverage on shares of CRH in a research report on Tuesday, December 16th. They issued a “buy” rating and a $160.00 price target for the company. BNP Paribas Exane upgraded shares of CRH to a “strong-buy” rating in a research note on Friday, January 23rd. Finally, Citigroup upped their price objective on CRH from $142.00 to $155.00 and gave the stock a “buy” rating in a research report on Thursday, January 8th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, CRH has a consensus rating of “Moderate Buy” and an average target price of $136.27.

CRH Stock Up 0.8%

Shares of NYSE:CRH opened at $121.10 on Friday. Crh Plc has a fifty-two week low of $76.75 and a fifty-two week high of $131.55. The firm’s 50 day moving average price is $124.82 and its 200 day moving average price is $119.03. The stock has a market cap of $81.17 billion, a price-to-earnings ratio of 21.94, a price-to-earnings-growth ratio of 2.10 and a beta of 1.33.

CRH (NYSE:CRH) last announced its quarterly earnings data on Wednesday, February 18th. The construction company reported $1.52 EPS for the quarter, missing analysts’ consensus estimates of $2.20 by ($0.68). CRH had a net margin of 10.02% and a return on equity of 15.98%. The firm had revenue of $5.42 billion during the quarter, compared to analysts’ expectations of $11.15 billion. During the same period in the prior year, the company posted $1.02 earnings per share. The company’s revenue for the quarter was up 6.2% on a year-over-year basis. CRH has set its FY 2026 guidance at 5.600-6.050 EPS. On average, equities analysts anticipate that Crh Plc will post 5.47 EPS for the current year.

CRH Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 8th. Shareholders of record on Friday, March 6th will be paid a $0.39 dividend. This is a boost from CRH’s previous quarterly dividend of $0.37. This represents a $1.56 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date is Friday, March 6th. CRH’s payout ratio is 20.11%.

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.