Thrivent Financial for Lutherans Makes New Investment in Crh Plc $CRH

Thrivent Financial for Lutherans bought a new position in shares of Crh Plc (NYSE:CRH) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 28,532 shares of the construction company’s stock, valued at approximately $3,561,000.

Other hedge funds also recently bought and sold shares of the company. Board of the Pension Protection Fund purchased a new stake in CRH during the fourth quarter worth $25,000. Harbor Investment Advisory LLC lifted its holdings in 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 buying an additional 99 shares during the period. Flagship Harbor Advisors LLC purchased a new stake in CRH during the fourth quarter worth $26,000. United Community Bank lifted its holdings in CRH by 359.6% during the third quarter. United Community Bank now owns 239 shares of the construction company’s stock worth $29,000 after buying an additional 187 shares during the period. Finally, Riggs Asset Managment Co. Inc. lifted its holdings in 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 buying an additional 312 shares during the period. Hedge funds and other institutional investors own 62.50% of the company’s stock.

CRH Trading Down 0.6%

Shares of CRH opened at $100.47 on Friday. Crh Plc has a 12 month low of $86.82 and a 12 month high of $131.55. The stock has a fifty day moving average price of $109.00 and a 200-day moving average price of $116.78. The firm has a market cap of $67.13 billion, a PE ratio of 18.61, a P/E/G ratio of 1.76 and a beta of 1.36.

CRH (NYSE:CRH) last issued its quarterly earnings data on Thursday, April 30th. The construction company reported ($0.20) EPS for the quarter, beating the consensus estimate of ($0.22) by $0.02. CRH had a return on equity of 15.37% and a net margin of 9.65%.The firm had revenue of $7.37 billion during the quarter, compared to analyst estimates of $7.07 billion. The company’s quarterly revenue was up 9.1% on a year-over-year basis. CRH has set its FY 2026 guidance at 5.600-6.050 EPS. As a group, research analysts forecast that Crh Plc will post 5.91 EPS for the current year.

CRH Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 17th. Investors of record on Friday, May 15th will be given a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend is Friday, May 15th. CRH’s dividend payout ratio is presently 28.89%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on CRH. JPMorgan Chase & Co. upped their target price on CRH from $135.00 to $140.00 and gave the stock an “overweight” rating in a report on Tuesday, March 3rd. Wells Fargo & Company increased their price objective on CRH from $133.00 to $135.00 and gave the company an “equal weight” rating in a report on Friday, February 20th. Morgan Stanley reiterated an “overweight” rating and set a $139.00 price objective on shares of CRH in a report on Wednesday, April 15th. DA Davidson set a $120.00 price objective on CRH in a report on Friday, February 20th. Finally, BNP Paribas Exane upgraded CRH to a “strong-buy” rating in a report on Friday, January 23rd. Two investment analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $139.54.

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.