Vontobel Holding Ltd. Cuts Stock Holdings in Crh Plc $CRH

Vontobel Holding Ltd. reduced its position in shares of Crh Plc (NYSE:CRH) by 13.3% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,041,128 shares of the construction company’s stock after selling 312,534 shares during the period. Vontobel Holding Ltd.’s holdings in CRH were worth $254,733,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in CRH. Board of the Pension Protection Fund purchased a new position in CRH during the fourth quarter worth about $25,000. Harbor Investment Advisory LLC raised its holdings in CRH by 87.6% during the fourth quarter. Harbor Investment Advisory LLC now owns 212 shares of the construction company’s stock worth $26,000 after purchasing an additional 99 shares in the last quarter. Flagship Harbor Advisors LLC purchased a new position in CRH during the fourth quarter worth about $26,000. Riggs Asset Managment Co. Inc. raised its holdings in CRH by 1,835.3% during the second quarter. Riggs Asset Managment Co. Inc. now owns 329 shares of the construction company’s stock worth $30,000 after purchasing an additional 312 shares in the last quarter. Finally, Elyxium Wealth LLC purchased a new position in CRH during the fourth quarter worth about $37,000. 62.50% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Weiss Ratings cut shares of CRH from a “buy (b)” rating to a “hold (c+)” rating in a report on Monday, May 4th. DA Davidson set a $120.00 price target on shares of CRH in a report on Friday, February 20th. 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 report on Friday, February 20th. Morgan Stanley reissued an “overweight” rating and set a $139.00 price target on shares of CRH in a report on Wednesday, April 15th. Finally, JPMorgan Chase & Co. increased their target price on shares of CRH from $135.00 to $140.00 and gave the company an “overweight” rating in a report on Tuesday, March 3rd. Two investment analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $139.54.

CRH Trading Up 1.5%

Shares of CRH stock opened at $106.41 on Friday. Crh Plc has a 12-month low of $86.82 and a 12-month high of $131.55. The stock has a market cap of $71.11 billion, a PE ratio of 19.71, a price-to-earnings-growth ratio of 1.82 and a beta of 1.31. The company has a 50-day moving average of $109.55 and a two-hundred day moving average of $115.98.

CRH (NYSE:CRH) last issued its earnings results on Thursday, April 30th. The construction company reported ($0.20) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $7.07 billion. CRH’s revenue for the quarter 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, sell-side analysts forecast that Crh Plc will post 5.92 EPS for the current fiscal year.

CRH Announces Dividend

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 issued a $0.39 dividend. 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 (DPR) is 28.89%.

CRH Company 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.