Coastline Trust Co Makes New $661,000 Investment in Crh Plc $CRH

Coastline Trust Co purchased a new stake in Crh Plc (NYSE:CRH) in the 4th quarter, Holdings Channel.com reports. The institutional investor purchased 5,300 shares of the construction company’s stock, valued at approximately $661,000.

Several other large investors also recently bought and sold shares of the stock. NewEdge Advisors LLC raised its position in CRH by 158.5% in the 1st quarter. NewEdge Advisors LLC now owns 8,670 shares of the construction company’s stock valued at $763,000 after purchasing an additional 5,316 shares in the last quarter. Empowered Funds LLC grew its stake in shares of CRH by 5.3% during the first quarter. Empowered Funds LLC now owns 13,178 shares of the construction company’s stock worth $1,159,000 after purchasing an additional 658 shares in the last quarter. Sivia Capital Partners LLC boosted its position in shares of CRH by 58.5% during the 2nd quarter. Sivia Capital Partners LLC now owns 4,279 shares of the construction company’s stock worth $393,000 after acquiring an additional 1,579 shares in the last quarter. PNC Financial Services Group Inc. raised its position in shares of CRH by 1.2% during the 2nd quarter. PNC Financial Services Group Inc. now owns 11,972 shares of the construction company’s stock worth $1,099,000 after acquiring an additional 146 shares in the last quarter. Finally, Creative Planning lifted its stake in CRH by 9.2% during the second quarter. Creative Planning now owns 38,134 shares of the construction company’s stock worth $3,501,000 after purchasing an additional 3,209 shares during the last quarter. Hedge funds and other institutional investors own 62.50% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have commented on CRH shares. Morgan Stanley increased their price target on shares of CRH from $140.00 to $141.00 and gave the company an “overweight” rating in a research note on Monday, March 2nd. Jefferies Financial Group restated a “buy” rating on shares of CRH in a research note on Monday, December 1st. DA Davidson set a $120.00 price objective on CRH in a research note on Friday, February 20th. BNP Paribas Exane raised shares of CRH to a “strong-buy” rating in a research report on Friday, January 23rd. Finally, UBS Group upped their target price on shares of CRH from $138.00 to $147.00 and gave the company a “buy” rating in a report on Thursday, January 8th. Two analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $137.86.

CRH Stock Down 0.9%

Shares of NYSE:CRH opened at $101.01 on Friday. The company has a market cap of $67.50 billion, a price-to-earnings ratio of 18.30, a PEG ratio of 1.78 and a beta of 1.33. The firm’s 50-day simple moving average is $119.05 and its 200-day simple moving average is $118.53. Crh Plc has a fifty-two week low of $76.75 and a fifty-two week high of $131.55.

CRH (NYSE:CRH) last posted its quarterly earnings results on Wednesday, February 18th. The construction company reported $1.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.20 by ($0.68). The firm had revenue of $5.42 billion for the quarter, compared to analysts’ expectations of $11.15 billion. CRH had a return on equity of 15.98% and a net margin of 10.02%.The company’s revenue for the quarter was up 6.2% on a year-over-year basis. During the same period in the prior year, the company earned $1.02 earnings per share. CRH has set its FY 2026 guidance at 5.600-6.050 EPS. On average, research analysts forecast that Crh Plc will post 5.47 EPS for the current year.

CRH Increases Dividend

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

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.