BNP Paribas Financial Markets Grows Stake in Crh Plc $CRH

BNP Paribas Financial Markets boosted its position in shares of Crh Plc (NYSE:CRH) by 35.7% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,366,647 shares of the construction company’s stock after purchasing an additional 359,605 shares during the quarter. BNP Paribas Financial Markets owned about 0.20% of CRH worth $170,558,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. Norges Bank purchased a new position in CRH during the 4th quarter worth $1,476,939,000. Armor Advisors L.L.C. increased its holdings in CRH by 6.9% during the 4th quarter. Armor Advisors L.L.C. now owns 227,989 shares of the construction company’s stock worth $28,453,000 after purchasing an additional 14,640 shares during the period. Acorn Wealth Advisors LLC increased its holdings in CRH by 14.4% during the 4th quarter. Acorn Wealth Advisors LLC now owns 2,190 shares of the construction company’s stock worth $273,000 after purchasing an additional 275 shares during the period. Triglav Investments D.O.O. increased its holdings in CRH by 18.0% during the 4th quarter. Triglav Investments D.O.O. now owns 11,800 shares of the construction company’s stock worth $1,473,000 after purchasing an additional 1,800 shares during the period. Finally, Fideuram Asset Management Ireland dac purchased a new position in CRH during the 4th quarter worth $938,000. 62.50% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have commented on CRH. Wells Fargo & Company raised their price objective on CRH from $133.00 to $135.00 and gave the stock an “equal weight” rating in a report on Friday, February 20th. DA Davidson set a $120.00 price objective on CRH in a report on Friday, February 20th. Morgan Stanley restated an “overweight” rating and set a $139.00 price objective on shares of CRH in a report on Wednesday, April 15th. JPMorgan Chase & Co. lifted their price target on CRH from $135.00 to $140.00 and gave the company an “overweight” rating in a report on Tuesday, March 3rd. Finally, Weiss Ratings downgraded CRH from a “buy (b)” rating to a “hold (c+)” rating in a report on Monday, May 4th. Two 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 company’s stock. According to MarketBeat.com, CRH currently has a consensus rating of “Moderate Buy” and a consensus price target of $139.54.

CRH Stock Performance

Shares of CRH opened at $108.91 on Friday. The stock has a 50-day moving average of $109.31 and a two-hundred day moving average of $116.40. Crh Plc has a one year low of $86.82 and a one year high of $131.55. The stock has a market cap of $72.77 billion, a P/E ratio of 20.17, a P/E/G ratio of 1.89 and a beta of 1.36.

CRH (NYSE:CRH) last issued its quarterly earnings results on Thursday, April 30th. The construction company reported ($0.20) EPS for the quarter, topping 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 company had revenue of $7.37 billion during the quarter, compared to analysts’ expectations of $7.07 billion. The business’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. Analysts predict that Crh Plc will post 5.92 EPS for the current fiscal year.

CRH Dividend Announcement

The business also recently disclosed 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 dividend yield of 1.4%. CRH’s dividend payout ratio (DPR) 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.