LGT Fund Management Co Ltd. Makes New $781,000 Investment in Crh Plc $CRH

LGT Fund Management Co Ltd. acquired a new stake in shares of Crh Plc (NYSE:CRH) in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 6,516 shares of the construction company’s stock, valued at approximately $781,000.

A number of other institutional investors have also recently made changes to their positions in CRH. L2 Asset Management LLC grew its stake in CRH by 3.0% during the 2nd quarter. L2 Asset Management LLC now owns 3,028 shares of the construction company’s stock worth $278,000 after buying an additional 89 shares during the last quarter. UMB Bank n.a. raised its stake in CRH by 34.8% in the third quarter. UMB Bank n.a. now owns 356 shares of the construction company’s stock valued at $43,000 after buying an additional 92 shares during the last quarter. Crossmark Global Holdings Inc. boosted its holdings in CRH by 2.4% in the third quarter. Crossmark Global Holdings Inc. now owns 4,126 shares of the construction company’s stock worth $495,000 after acquiring an additional 96 shares in the last quarter. Sound View Wealth Advisors Group LLC grew its stake in shares of CRH by 3.4% during the third quarter. Sound View Wealth Advisors Group LLC now owns 3,082 shares of the construction company’s stock worth $370,000 after acquiring an additional 100 shares during the last quarter. Finally, Shepherd Financial Partners LLC grew its stake in shares of CRH by 0.3% during the third quarter. Shepherd Financial Partners LLC now owns 33,863 shares of the construction company’s stock worth $4,060,000 after acquiring an additional 106 shares during the last quarter. Institutional investors and hedge funds own 62.50% of the company’s stock.

CRH Stock Up 0.0%

CRH stock opened at $106.45 on Tuesday. The stock has a 50-day moving average price of $122.79 and a 200 day moving average price of $119.21. The company has a market capitalization of $71.13 billion, a price-to-earnings ratio of 19.28, a price-to-earnings-growth ratio of 1.86 and a beta of 1.33. Crh Plc has a 52 week low of $76.75 and a 52 week high of $131.55.

CRH (NYSE:CRH) last issued its quarterly earnings results on Wednesday, February 18th. The construction company reported $1.52 earnings per share for the quarter, missing the consensus estimate of $2.20 by ($0.68). CRH had a return on equity of 15.98% and a net margin of 10.02%.The business had revenue of $5.42 billion during the quarter, compared to analyst estimates of $11.15 billion. During the same quarter last year, the company posted $1.02 EPS. CRH’s quarterly revenue was up 6.2% compared to the same quarter last year. CRH has set its FY 2026 guidance at 5.600-6.050 EPS. Research analysts anticipate that Crh Plc will post 5.47 EPS for the current fiscal year.

CRH Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 8th. Stockholders of record on Friday, March 6th will be paid a $0.39 dividend. The ex-dividend date is Friday, March 6th. This is an increase from CRH’s previous quarterly dividend of $0.37. This represents a $1.56 dividend on an annualized basis and a dividend yield of 1.5%. CRH’s dividend payout ratio (DPR) is currently 28.26%.

Analyst Upgrades and Downgrades

Several brokerages recently commented on CRH. Wells Fargo & Company increased their price objective on shares of CRH from $133.00 to $135.00 and gave the company an “equal weight” rating in a research report on Friday, February 20th. BNP Paribas Exane upgraded shares of CRH to a “strong-buy” rating in a research note on Friday, January 23rd. DA Davidson set a $120.00 price target on shares of CRH in a report on Friday, February 20th. UBS Group lifted their price objective on shares of CRH from $138.00 to $147.00 and gave the stock a “buy” rating in a research note on Thursday, January 8th. Finally, Morgan Stanley boosted their price objective on shares of CRH from $140.00 to $141.00 and gave the company an “overweight” rating in a report on Monday, March 2nd. Two analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $137.86.

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.