Crh Plc $CRH Shares Sold by Swiss National Bank

Swiss National Bank trimmed its stake in Crh Plc (NYSE:CRH) by 5.0% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,948,560 shares of the construction company’s stock after selling 103,200 shares during the quarter. Swiss National Bank owned about 0.29% of CRH worth $233,632,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of CRH. United Community Bank boosted its holdings in shares of CRH by 359.6% in the 3rd quarter. United Community Bank now owns 239 shares of the construction company’s stock valued at $29,000 after purchasing an additional 187 shares during the last quarter. Salomon & Ludwin LLC acquired a new stake in shares of CRH during the 3rd quarter worth $32,000. Cornerstone Planning Group LLC increased its holdings in shares of CRH by 139.3% during the 3rd quarter. Cornerstone Planning Group LLC now owns 268 shares of the construction company’s stock worth $31,000 after buying an additional 156 shares during the last quarter. 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 worth $30,000 after buying an additional 312 shares during the period. Finally, Physician Wealth Advisors Inc. raised its position in shares of CRH by 60.6% in the 3rd quarter. Physician Wealth Advisors Inc. now owns 350 shares of the construction company’s stock worth $42,000 after buying an additional 132 shares during the period. Institutional investors and hedge funds own 62.50% of the company’s stock.

CRH Stock Performance

CRH stock opened at $106.45 on Tuesday. The firm has a market cap of $71.13 billion, a P/E ratio of 19.28, a price-to-earnings-growth ratio of 1.86 and a beta of 1.33. Crh Plc has a 1 year low of $76.75 and a 1 year high of $131.55. The stock has a 50-day simple moving average of $122.79 and a 200-day simple moving average of $119.21.

CRH (NYSE:CRH) last released its quarterly earnings results on Wednesday, February 18th. The construction company reported $1.52 earnings per share for the quarter, missing analysts’ consensus estimates of $2.20 by ($0.68). The company had revenue of $5.42 billion during 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 firm’s revenue was up 6.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.02 EPS. CRH has set its FY 2026 guidance at 5.600-6.050 EPS. On average, equities research analysts predict that Crh Plc will post 5.47 EPS for the current year.

CRH Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 8th. Investors of record on Friday, March 6th will be paid a dividend of $0.39 per share. This is a positive change from CRH’s previous quarterly dividend of $0.37. The ex-dividend date of this dividend is Friday, March 6th. This represents a $1.56 annualized dividend and a yield of 1.5%. CRH’s payout ratio is presently 28.26%.

Wall Street Analyst Weigh In

A number of research firms have issued reports on CRH. Morgan Stanley boosted their price target on CRH from $140.00 to $141.00 and gave the company an “overweight” rating in a research report on Monday, March 2nd. BNP Paribas Exane upgraded CRH to a “strong-buy” rating in a report on Friday, January 23rd. DA Davidson set a $120.00 price objective on CRH in a research note on Friday, February 20th. Wells Fargo & Company boosted their target price on CRH from $133.00 to $135.00 and gave the stock an “equal weight” rating in a report on Friday, February 20th. Finally, Jefferies Financial Group restated a “buy” rating on shares of CRH in a report on Monday, December 1st. Two 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’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $137.86.

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.