Crh Plc $CRH Shares Purchased by DNB Asset Management AS

DNB Asset Management AS lifted its stake in Crh Plc (NYSE:CRH) by 46.3% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 265,514 shares of the construction company’s stock after purchasing an additional 84,073 shares during the quarter. DNB Asset Management AS’s holdings in CRH were worth $31,835,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. United Community Bank raised its holdings in shares of CRH by 359.6% in the third quarter. United Community Bank now owns 239 shares of the construction company’s stock worth $29,000 after buying an additional 187 shares during the last quarter. Salomon & Ludwin LLC purchased a new stake in shares of CRH during the third quarter valued at $32,000. Cornerstone Planning Group LLC increased its position in shares of CRH by 139.3% in the 3rd quarter. Cornerstone Planning Group LLC now owns 268 shares of the construction company’s stock valued at $31,000 after acquiring an additional 156 shares during the period. Creekmur Asset Management LLC purchased a new position in CRH in the 2nd quarter worth $27,000. Finally, Riggs Asset Managment Co. Inc. raised its stake in CRH by 1,835.3% in the 2nd quarter. Riggs Asset Managment Co. Inc. now owns 329 shares of the construction company’s stock worth $30,000 after acquiring an additional 312 shares during the last quarter. Institutional investors and hedge funds own 62.50% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently weighed in on CRH shares. BNP Paribas Exane raised CRH to a “strong-buy” rating in a report on Friday, January 23rd. Morgan Stanley increased their price target on shares of CRH from $131.00 to $140.00 and gave the stock an “overweight” rating in a report on Wednesday, December 10th. Citigroup lifted their price objective on shares of CRH from $142.00 to $155.00 and gave the company a “buy” rating in a research note on Thursday, January 8th. UBS Group upped their price objective on shares of CRH from $138.00 to $147.00 and gave the company a “buy” rating in a report on Thursday, January 8th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of CRH in a report on Monday, December 22nd. Two equities research 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 company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $137.43.

CRH Stock Down 1.0%

Shares of CRH stock opened at $119.88 on Friday. The firm has a market cap of $80.11 billion, a PE ratio of 21.72, a P/E/G ratio of 2.12 and a beta of 1.33. Crh Plc has a twelve month low of $76.75 and a twelve month high of $131.55. The business has a 50-day moving average price of $124.71 and a 200 day moving average price of $119.12.

CRH (NYSE:CRH) last issued its quarterly earnings results 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). The business had revenue of $5.42 billion for the quarter, compared to analysts’ expectations of $11.15 billion. CRH had a return on equity of 15.98% and a net margin of 10.02%.The business’s revenue for the quarter was up 6.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.02 EPS. CRH has set its FY 2026 guidance at 5.600-6.050 EPS. On average, sell-side analysts expect that Crh Plc will post 5.47 EPS for the current year.

CRH Increases Dividend

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

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.