Securian Asset Management Inc. Makes New Investment in Crh Plc $CRH

Securian Asset Management Inc. bought a new position in shares of Crh Plc (NYSE:CRH) during the 4th quarter, according to its most recent disclosure with the SEC. The fund bought 18,225 shares of the construction company’s stock, valued at approximately $2,274,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Board of the Pension Protection Fund acquired a new position in CRH during the 4th quarter worth about $25,000. Harbor Investment Advisory LLC lifted its holdings in CRH by 87.6% during the 4th quarter. Harbor Investment Advisory LLC now owns 212 shares of the construction company’s stock worth $26,000 after buying an additional 99 shares during the period. Flagship Harbor Advisors LLC acquired a new position in CRH during the 4th quarter worth about $26,000. United Community Bank raised its position in shares of CRH by 359.6% in the 3rd quarter. United Community Bank now owns 239 shares of the construction company’s stock worth $29,000 after acquiring an additional 187 shares in the last quarter. Finally, 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 acquiring an additional 312 shares in the last quarter. 62.50% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on CRH shares. DA Davidson set a $120.00 price objective on CRH in a research report on Friday, February 20th. JPMorgan Chase & Co. boosted their target price on CRH from $135.00 to $140.00 and gave the company an “overweight” rating in a research report on Tuesday, March 3rd. Morgan Stanley reaffirmed an “overweight” rating and issued a $139.00 target price on shares of CRH in a research report on Wednesday, April 15th. BNP Paribas Exane raised CRH to a “strong-buy” rating in a research report on Friday, January 23rd. Finally, Weiss Ratings lowered CRH from a “buy (b)” rating to a “hold (c+)” rating in a research report on Monday, May 4th. Two analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, CRH currently has an average rating of “Moderate Buy” and a consensus target price of $139.54.

CRH Price Performance

Shares of CRH stock opened at $112.58 on Tuesday. Crh Plc has a one year low of $86.82 and a one year high of $131.55. The firm has a market capitalization of $75.23 billion, a price-to-earnings ratio of 20.85, a PEG ratio of 2.00 and a beta of 1.36. The business has a 50-day simple moving average of $110.24 and a 200 day simple moving average of $117.70.

CRH (NYSE:CRH) last issued its earnings results on Thursday, April 30th. The construction company reported ($0.20) EPS for the quarter, beating analysts’ consensus estimates of ($0.22) by $0.02. CRH had a return on equity of 15.37% and a net margin of 9.65%.The business had revenue of $7.37 billion during the quarter, compared to analyst estimates of $7.07 billion. CRH’s 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, sell-side analysts expect that Crh Plc will post 5.94 EPS for the current year.

CRH Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 17th. Shareholders of record on Friday, May 15th will be paid a dividend of $0.39 per share. The ex-dividend date is Friday, May 15th. This represents a $1.56 dividend on an annualized basis and a yield of 1.4%. CRH’s payout ratio is 28.89%.

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.