American Century Companies Inc. Sells 527,184 Shares of Crh Plc $CRH

American Century Companies Inc. reduced its position in Crh Plc (NYSE:CRH) by 17.1% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,548,709 shares of the construction company’s stock after selling 527,184 shares during the period. American Century Companies Inc.’s holdings in CRH were worth $305,590,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Norges Bank purchased a new stake in shares of CRH during the second quarter valued at $1,007,932,000. Eleva Capital SAS purchased a new position in CRH in the second quarter valued at $250,562,000. Massachusetts Financial Services Co. MA raised its holdings in CRH by 24.3% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 12,803,346 shares of the construction company’s stock worth $1,175,347,000 after purchasing an additional 2,499,558 shares during the period. Artisan Partners Limited Partnership purchased a new stake in CRH in the 3rd quarter worth $295,798,000. Finally, Marshall Wace LLP raised its position in shares of CRH by 45.3% during the 2nd quarter. Marshall Wace LLP now owns 6,031,903 shares of the construction company’s stock worth $553,729,000 after purchasing an additional 1,881,550 shares during the last quarter. 62.50% of the stock is currently owned by institutional investors and hedge funds.

CRH Price Performance

Shares of CRH stock opened at $119.88 on Friday. Crh Plc has a 1-year low of $76.75 and a 1-year high of $131.55. The firm has a market capitalization of $80.11 billion, a PE ratio of 21.72, a P/E/G ratio of 2.12 and a beta of 1.33. The business’s fifty day moving average price is $124.71 and its 200 day moving average price is $119.12.

CRH (NYSE:CRH) last announced its quarterly earnings results on Wednesday, February 18th. The construction company reported $1.52 EPS 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 firm had revenue of $5.42 billion for the quarter, compared to analysts’ expectations of $11.15 billion. During the same period last year, the firm earned $1.02 EPS. CRH’s 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. Equities research analysts expect that Crh Plc will post 5.47 earnings per share for the current fiscal year.

CRH Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 8th. Investors of record on Friday, March 6th will be given a dividend of $0.39 per share. The ex-dividend date is Friday, March 6th. This represents a $1.56 annualized dividend and a dividend yield of 1.3%. This is an increase from CRH’s previous quarterly dividend of $0.37. CRH’s payout ratio is presently 20.11%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on CRH shares. Longbow Research initiated coverage on shares of CRH in a research report on Tuesday, December 16th. They set a “buy” rating and a $160.00 price target on the stock. Morgan Stanley raised their price objective on CRH from $131.00 to $140.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 10th. Royal Bank Of Canada dropped their target price on shares of CRH from $152.00 to $150.00 and set an “outperform” rating for the company in a report on Friday, November 7th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of CRH in a research report on Monday, December 8th. Finally, Jefferies Financial Group reiterated a “buy” rating on shares of CRH in a research note on Monday, December 1st. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $137.43.

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.