Crh Plc $CRH Position Trimmed by Phoenix Financial Ltd.

Phoenix Financial Ltd. lessened its holdings in shares of Crh Plc (NYSE:CRH) by 25.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,912 shares of the construction company’s stock after selling 9,711 shares during the quarter. Phoenix Financial Ltd.’s holdings in CRH were worth $3,483,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Principal Financial Group Inc. grew its stake in CRH by 24.7% during the 3rd quarter. Principal Financial Group Inc. now owns 2,269,271 shares of the construction company’s stock valued at $272,086,000 after acquiring an additional 448,860 shares in the last quarter. Cibc World Market Inc. grew its stake in CRH by 36.2% during the 3rd quarter. Cibc World Market Inc. now owns 56,390 shares of the construction company’s stock valued at $6,761,000 after acquiring an additional 14,985 shares in the last quarter. Exane Asset Management grew its stake in CRH by 21.2% during the 3rd quarter. Exane Asset Management now owns 663,774 shares of the construction company’s stock valued at $80,735,000 after acquiring an additional 116,178 shares in the last quarter. SouthState Bank Corp grew its stake in CRH by 20,243.5% during the 3rd quarter. SouthState Bank Corp now owns 21,971 shares of the construction company’s stock valued at $2,634,000 after acquiring an additional 21,863 shares in the last quarter. Finally, Dynasty Wealth Management LLC grew its stake in CRH by 77.5% during the 3rd quarter. Dynasty Wealth Management LLC now owns 34,077 shares of the construction company’s stock valued at $4,086,000 after acquiring an additional 14,877 shares in the last quarter. Hedge funds and other institutional investors own 62.50% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on CRH. JPMorgan Chase & Co. lifted their target price on CRH from $135.00 to $140.00 and gave the company an “overweight” rating in a research note on Tuesday, March 3rd. Morgan Stanley reissued an “overweight” rating and issued a $139.00 price target on shares of CRH in a research note on Wednesday, April 15th. BNP Paribas Exane raised CRH to a “strong-buy” rating in a research note on Friday, January 23rd. DA Davidson set a $120.00 price target on CRH in a research note on Friday, February 20th. Finally, Wells Fargo & Company boosted their price target on CRH from $133.00 to $135.00 and gave the company an “equal weight” rating in a research note on Friday, February 20th. Two research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $139.54.

CRH Stock Performance

Shares of NYSE CRH opened at $103.40 on Friday. The stock has a market cap of $69.09 billion, a price-to-earnings ratio of 19.15, a PEG ratio of 1.88 and a beta of 1.36. The business has a 50 day simple moving average of $109.58 and a 200 day simple moving average of $117.41. Crh Plc has a 52 week low of $86.82 and a 52 week high of $131.55.

CRH (NYSE:CRH) last announced its quarterly earnings results on Thursday, April 30th. The construction company reported ($0.20) EPS for the quarter, beating the consensus estimate of ($0.22) by $0.02. The business had revenue of $7.37 billion during 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 company’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. On average, analysts predict that Crh Plc will post 5.9 EPS for the current 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 given a dividend of $0.39 per share. The ex-dividend date of this dividend is Friday, May 15th. This represents a $1.56 dividend on an annualized basis and a yield of 1.5%. CRH’s dividend payout ratio is presently 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.