Crh Plc $CRH Shares Sold by Forsta AP Fonden

Forsta AP Fonden decreased its holdings in shares of Crh Plc (NYSE:CRH) by 27.3% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 221,353 shares of the construction company’s stock after selling 83,100 shares during the quarter. Forsta AP Fonden’s holdings in CRH were worth $27,625,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. Principal Financial Group Inc. raised its position in shares of CRH by 24.7% in the 3rd quarter. Principal Financial Group Inc. now owns 2,269,271 shares of the construction company’s stock worth $272,086,000 after buying an additional 448,860 shares during the period. Cibc World Market Inc. raised its position in shares of CRH by 36.2% in the 3rd quarter. Cibc World Market Inc. now owns 56,390 shares of the construction company’s stock worth $6,761,000 after buying an additional 14,985 shares during the period. SouthState Bank Corp raised its position in shares of CRH by 20,243.5% in the 3rd quarter. SouthState Bank Corp now owns 21,971 shares of the construction company’s stock worth $2,634,000 after buying an additional 21,863 shares during the period. ING Groep NV raised its position in shares of CRH by 111.1% in the 3rd quarter. ING Groep NV now owns 551,400 shares of the construction company’s stock worth $66,113,000 after buying an additional 290,200 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. raised its position in shares of CRH by 680.6% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 119,237 shares of the construction company’s stock worth $14,881,000 after buying an additional 103,962 shares during the period. Institutional investors and hedge funds own 62.50% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on CRH. DA Davidson set a $120.00 target price on CRH in a research report on Friday, February 20th. JPMorgan Chase & Co. increased their target price on CRH from $135.00 to $140.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 3rd. Weiss Ratings lowered CRH from a “buy (b)” rating to a “hold (c+)” rating in a research report on Monday, May 4th. Wells Fargo & Company raised their price objective on CRH from $133.00 to $135.00 and gave the company an “equal weight” rating in a research report on Friday, February 20th. Finally, Morgan Stanley reissued an “overweight” rating and issued a $139.00 price objective on shares of CRH in a research report on Wednesday, April 15th. Two analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $139.54.

CRH Trading Up 2.0%

Shares of CRH stock opened at $108.91 on Friday. The company has a market capitalization of $72.77 billion, a PE ratio of 20.17, a price-to-earnings-growth ratio of 1.86 and a beta of 1.36. The firm has a fifty day simple moving average of $109.31 and a 200-day simple moving average of $116.40. Crh Plc has a twelve month low of $86.82 and a twelve month high of $131.55.

CRH (NYSE:CRH) last announced its earnings results on Thursday, April 30th. The construction company reported ($0.20) earnings per share for the quarter, beating the consensus estimate of ($0.22) by $0.02. The business had revenue of $7.37 billion during the quarter, compared to the consensus estimate of $7.07 billion. CRH had a net margin of 9.65% and a return on equity of 15.37%. CRH’s revenue for the quarter was up 9.1% compared to the same quarter last year. CRH has set its FY 2026 guidance at 5.600-6.050 EPS. Equities research analysts predict that Crh Plc will post 5.92 EPS for the current year.

CRH Announces Dividend

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

About CRH

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.