Saturna Capital Corp Buys 62,583 Shares of Crh Plc $CRH

Saturna Capital Corp boosted its position in shares of Crh Plc (NYSE:CRH) by 55.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 174,605 shares of the construction company’s stock after buying an additional 62,583 shares during the quarter. Saturna Capital Corp’s holdings in CRH were worth $21,791,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in shares of CRH by 22.7% in the 4th quarter. Vanguard Group Inc. now owns 79,117,664 shares of the construction company’s stock valued at $9,873,884,000 after buying an additional 14,623,673 shares during the period. Geode Capital Management LLC lifted its stake in shares of CRH by 67.3% during the fourth quarter. Geode Capital Management LLC now owns 14,709,575 shares of the construction company’s stock valued at $1,827,252,000 after acquiring an additional 5,916,930 shares during the period. State Street Corp boosted its holdings in CRH by 2.9% in the third quarter. State Street Corp now owns 13,728,016 shares of the construction company’s stock valued at $1,645,995,000 after acquiring an additional 392,146 shares during the last quarter. Massachusetts Financial Services Co. MA increased its position in CRH by 0.6% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 12,439,954 shares of the construction company’s stock worth $1,552,506,000 after purchasing an additional 78,769 shares during the period. Finally, Norges Bank acquired a new stake in CRH in the fourth quarter worth about $1,476,939,000. 62.50% of the stock is currently owned by institutional investors.

CRH Stock Performance

Shares of CRH opened at $100.17 on Thursday. Crh Plc has a twelve month low of $86.82 and a twelve month high of $131.55. The firm’s 50 day moving average price is $109.55 and its two-hundred day moving average price is $116.08. The firm has a market cap of $66.93 billion, a P/E ratio of 18.55, a PEG ratio of 1.80 and a beta of 1.31.

CRH (NYSE:CRH) last issued 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 company had revenue of $7.37 billion during the quarter, compared to the consensus estimate of $7.07 billion. The company’s quarterly revenue was up 9.1% compared to the same quarter last year. CRH has set its FY 2026 guidance at 5.600-6.050 EPS. On average, sell-side analysts anticipate that Crh Plc will post 5.92 earnings per share for the current fiscal year.

CRH Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 17th. Shareholders of record on Friday, May 15th will be issued a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date is Friday, May 15th. CRH’s dividend payout ratio is 28.89%.

Analyst Upgrades and Downgrades

CRH has been the topic of a number of research reports. DA Davidson set a $120.00 target price on shares of CRH in a research report on Friday, February 20th. Weiss Ratings cut shares of CRH from a “buy (b)” rating to a “hold (c+)” rating in a research note on Monday, May 4th. JPMorgan Chase & Co. upped their target price on shares of CRH from $135.00 to $140.00 and gave the company an “overweight” rating in a research report 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. Finally, Wells Fargo & Company raised their price target on CRH from $133.00 to $135.00 and gave the stock an “equal weight” rating in a research report on Friday, February 20th. Two analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $139.54.

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.