Dnca Finance Has $67.73 Million Stock Holdings in Crh Plc $CRH

Dnca Finance increased its stake in shares of Crh Plc (NYSE:CRH) by 2.4% during the 3rd quarter, Holdings Channel reports. The fund owned 548,185 shares of the construction company’s stock after acquiring an additional 12,628 shares during the period. CRH comprises approximately 4.6% of Dnca Finance’s investment portfolio, making the stock its 6th largest position. Dnca Finance’s holdings in CRH were worth $67,725,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Principal Financial Group Inc. raised its position in shares of CRH by 24.7% during the third quarter. Principal Financial Group Inc. now owns 2,269,271 shares of the construction company’s stock worth $272,086,000 after purchasing an additional 448,860 shares during the period. Park Avenue Securities LLC acquired a new stake in CRH in the 3rd quarter valued at $4,491,000. Exane Asset Management increased its stake in CRH by 21.2% during the 3rd quarter. Exane Asset Management now owns 663,774 shares of the construction company’s stock valued at $80,735,000 after purchasing an additional 116,178 shares in the last quarter. Cibc World Market Inc. increased its stake in CRH by 36.2% during the 3rd quarter. Cibc World Market Inc. now owns 56,390 shares of the construction company’s stock valued at $6,761,000 after purchasing an additional 14,985 shares in the last quarter. Finally, Dynasty Wealth Management LLC grew its holdings in shares of CRH by 77.5% during the third quarter. Dynasty Wealth Management LLC now owns 34,077 shares of the construction company’s stock valued at $4,086,000 after buying an additional 14,877 shares during the last quarter. 62.50% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

CRH has been the topic of a number of analyst reports. Citigroup upped their target price on shares of CRH from $142.00 to $155.00 and gave the stock a “buy” rating in a report on Thursday, January 8th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of CRH in a research note on Monday, December 8th. Wells Fargo & Company increased their price objective on CRH from $133.00 to $135.00 and gave the stock an “equal weight” rating in a research note on Friday, February 20th. Weiss Ratings restated a “buy (b-)” rating on shares of CRH in a report on Monday, December 22nd. Finally, Jefferies Financial Group reaffirmed a “buy” rating on shares of CRH in a research report on Monday, December 1st. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $137.86.

CRH Stock Performance

NYSE:CRH opened at $99.74 on Friday. The firm has a market cap of $66.65 billion, a price-to-earnings ratio of 18.07, a price-to-earnings-growth ratio of 1.74 and a beta of 1.33. Crh Plc has a 52 week low of $76.75 and a 52 week high of $131.55. The firm has a 50-day moving average price of $120.94 and a two-hundred day moving average price of $118.83.

CRH (NYSE:CRH) last announced its 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 business 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%.CRH’s quarterly revenue was up 6.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.02 EPS. CRH has set its FY 2026 guidance at 5.600-6.050 EPS. As a group, sell-side analysts forecast that Crh Plc will post 5.47 earnings per share for the current year.

CRH Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 8th. Shareholders of record on Friday, March 6th will be given a $0.39 dividend. This is an increase from CRH’s previous quarterly dividend of $0.37. This represents a $1.56 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend is Friday, March 6th. CRH’s payout ratio is presently 28.26%.

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.