Franklin Resources Inc. Sells 326,656 Shares of Crh Plc $CRH

Franklin Resources Inc. cut its holdings in Crh Plc (NYSE:CRH) by 2.3% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 13,682,872 shares of the construction company’s stock after selling 326,656 shares during the period. Franklin Resources Inc.’s holdings in CRH were worth $1,706,487,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. Board of the Pension Protection Fund acquired a new position in shares of CRH in the fourth quarter valued at about $25,000. Harbor Investment Advisory LLC increased its holdings in shares of 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 during the period. Flagship Harbor Advisors LLC bought a new position in shares of CRH during the fourth quarter worth approximately $26,000. Riggs Asset Managment Co. Inc. increased its holdings in shares of 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 during the period. Finally, Elyxium Wealth LLC bought a new position in shares of CRH during the fourth quarter worth approximately $37,000. 62.50% of the stock is currently owned by institutional investors and hedge funds.

CRH Trading Up 0.0%

NYSE CRH opened at $105.10 on Monday. The firm has a market capitalization of $70.23 billion, a price-to-earnings ratio of 19.46, a P/E/G ratio of 1.83 and a beta of 1.31. The firm’s 50 day simple moving average is $109.57 and its 200 day simple moving average is $116.24. Crh Plc has a 1 year low of $86.82 and a 1 year high of $131.55.

CRH (NYSE:CRH) last posted its quarterly earnings results on Thursday, April 30th. The construction company reported ($0.20) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.22) by $0.02. CRH had a net margin of 9.65% and a return on equity of 15.37%. The business had revenue of $7.37 billion for the quarter, compared to analyst estimates of $7.07 billion. The business’s quarterly 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, equities research analysts forecast that Crh Plc will post 5.92 earnings per share for the current year.

CRH Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 17th. Stockholders of record on Friday, May 15th will be paid a $0.39 dividend. The ex-dividend date is Friday, May 15th. This represents a $1.56 annualized dividend and a dividend yield of 1.5%. CRH’s dividend payout ratio (DPR) is presently 28.89%.

Analyst Ratings Changes

Several brokerages have recently commented on CRH. Wells Fargo & Company raised their target price 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. DA Davidson set a $120.00 price objective on CRH in a report on Friday, February 20th. Weiss Ratings cut CRH from a “buy (b)” rating to a “hold (c+)” rating in a report on Monday, May 4th. JPMorgan Chase & Co. lifted their price objective on CRH from $135.00 to $140.00 and gave the company an “overweight” rating in a report on Tuesday, March 3rd. Finally, Morgan Stanley reaffirmed an “overweight” rating and set a $139.00 price objective on shares of CRH in a research report on Wednesday, April 15th. Two analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $139.54.

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.