Evelyn Partners Investment Management LLP Decreases Holdings in Crh Plc $CRH

Evelyn Partners Investment Management LLP reduced its position in Crh Plc (NYSE:CRH) by 2.6% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 1,008,537 shares of the construction company’s stock after selling 27,324 shares during the period. CRH accounts for approximately 2.9% of Evelyn Partners Investment Management LLP’s investment portfolio, making the stock its 9th largest holding. Evelyn Partners Investment Management LLP’s holdings in CRH were worth $106,017,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Flagship Harbor Advisors LLC bought a new stake in CRH during the 4th quarter worth about $26,000. Riggs Asset Managment Co. Inc. raised its position in shares of CRH by 1,835.3% in 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. Bell Investment Advisors Inc boosted its position in shares of CRH by 51.2% during the first quarter. Bell Investment Advisors Inc now owns 304 shares of the construction company’s stock worth $32,000 after purchasing an additional 103 shares in the last quarter. Kemnay Advisory Services Inc. bought a new position in CRH during the fourth quarter worth about $33,000. Finally, Elyxium Wealth LLC bought a new stake in shares of CRH in the fourth quarter worth about $37,000. Institutional investors and hedge funds own 62.50% of the company’s stock.

CRH Stock Performance

NYSE:CRH opened at $102.83 on Tuesday. The stock has a 50-day simple moving average of $105.39 and a 200 day simple moving average of $112.03. Crh Plc has a 52-week low of $93.58 and a 52-week high of $131.55. The company has a market cap of $68.71 billion, a PE ratio of 19.04, a PEG ratio of 1.72 and a beta of 1.32.

CRH (NYSE:CRH) last released its 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 firm had revenue of $7.37 billion for 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% 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 5.96 earnings per share for the current fiscal year.

CRH Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 17th. Investors of record on Friday, May 15th were issued a dividend of $0.39 per share. The ex-dividend date was Friday, May 15th. This represents a $1.56 annualized dividend and a yield of 1.5%. CRH’s dividend payout ratio is presently 28.89%.

Analysts Set New Price Targets

A number of research firms have recently commented on CRH. Jefferies Financial Group raised their price target on CRH from $149.00 to $165.60 and gave the stock a “buy” rating in a research report on Friday, June 26th. Weiss Ratings cut CRH from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, June 18th. Sanford C. Bernstein restated an “outperform” rating on shares of CRH in a report on Tuesday, June 23rd. Morgan Stanley reaffirmed 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 lowered their price objective on shares of CRH from $135.00 to $132.00 and set an “overweight” rating for the company in a research report on Wednesday, July 8th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Buy” and an average price target of $141.19.

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.