US Bancorp DE Has $8.71 Million Position in Crh Plc $CRH

US Bancorp DE lifted its stake in shares of Crh Plc (NYSE:CRH) by 8.6% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 72,629 shares of the construction company’s stock after buying an additional 5,751 shares during the quarter. US Bancorp DE’s holdings in CRH were worth $8,708,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. L2 Asset Management LLC lifted its position in CRH by 3.0% during the second quarter. L2 Asset Management LLC now owns 3,028 shares of the construction company’s stock worth $278,000 after acquiring an additional 89 shares during the last quarter. UMB Bank n.a. increased its stake in shares of CRH by 34.8% during the third quarter. UMB Bank n.a. now owns 356 shares of the construction company’s stock worth $43,000 after purchasing an additional 92 shares during the period. Sound View Wealth Advisors Group LLC lifted its holdings in CRH by 3.4% during the 3rd quarter. Sound View Wealth Advisors Group LLC now owns 3,082 shares of the construction company’s stock worth $370,000 after purchasing an additional 100 shares during the last quarter. Shepherd Financial Partners LLC lifted its holdings in CRH by 0.3% during the 3rd quarter. Shepherd Financial Partners LLC now owns 33,863 shares of the construction company’s stock worth $4,060,000 after purchasing an additional 106 shares during the last quarter. Finally, Mission Wealth Management LP boosted its stake in CRH by 1.1% in the 2nd quarter. Mission Wealth Management LP now owns 9,548 shares of the construction company’s stock valued at $877,000 after purchasing an additional 107 shares during the period. Institutional investors and hedge funds own 62.50% of the company’s stock.

CRH Trading Down 1.0%

Shares of NYSE:CRH opened at $119.88 on Friday. The firm has a 50 day moving average of $124.71 and a 200-day moving average of $119.17. Crh Plc has a 12 month low of $76.75 and a 12 month high of $131.55. The stock has a market capitalization of $80.11 billion, a PE ratio of 21.72, a PEG 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 earnings per share (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 the consensus estimate of $11.15 billion. During the same period last year, the business earned $1.02 earnings per share. The business’s revenue was up 6.2% compared to the same quarter last year. CRH has set its FY 2026 guidance at 5.600-6.050 EPS. On average, research analysts predict that Crh Plc will post 5.47 EPS for the current fiscal year.

CRH Increases Dividend

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

Analysts Set New Price Targets

Several research analysts have weighed in on CRH shares. Royal Bank Of Canada lowered their price objective on CRH from $152.00 to $150.00 and set an “outperform” rating on the stock in a research report on Friday, November 7th. BNP Paribas Exane upgraded shares of CRH to a “strong-buy” rating in a research note on Friday, January 23rd. JPMorgan Chase & Co. raised their price target on shares of CRH from $130.00 to $135.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 11th. Citigroup lifted their price objective on shares of CRH from $142.00 to $155.00 and gave the stock a “buy” rating in a research note on Thursday, January 8th. Finally, UBS Group increased their target price on shares of CRH from $138.00 to $147.00 and gave the stock a “buy” rating in a research report on Thursday, January 8th. Two analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, CRH has an average rating of “Moderate Buy” and a consensus price target of $137.43.

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.