Crh Plc $CRH Holdings Trimmed by Bank of New York Mellon Corp

Bank of New York Mellon Corp cut its holdings in Crh Plc (NYSE:CRH) by 13.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 8,491,010 shares of the construction company’s stock after selling 1,297,272 shares during the quarter. Bank of New York Mellon Corp owned about 1.27% of CRH worth $1,059,678,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of CRH. Vanguard Group Inc. raised its holdings in shares of CRH by 22.7% in the 4th quarter. Vanguard Group Inc. now owns 79,117,664 shares of the construction company’s stock worth $9,873,884,000 after purchasing an additional 14,623,673 shares in the last quarter. Norges Bank acquired a new position in CRH in the fourth quarter worth approximately $1,476,939,000. Geode Capital Management LLC grew its position in CRH by 67.3% in the fourth quarter. Geode Capital Management LLC now owns 14,709,575 shares of the construction company’s stock worth $1,827,252,000 after buying an additional 5,916,930 shares during the last quarter. Artisan Partners Limited Partnership bought a new position in shares of CRH in the third quarter valued at $295,798,000. Finally, National Pension Service acquired a new stake in shares of CRH during the 4th quarter valued at $258,172,000. 62.50% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have commented on CRH shares. JPMorgan Chase & Co. upped their price objective on shares of CRH from $135.00 to $140.00 and gave the company an “overweight” rating in a research note on Tuesday, March 3rd. Wells Fargo & Company boosted their price target on shares of CRH from $133.00 to $135.00 and gave the company an “equal weight” rating in a report on Friday, February 20th. Weiss Ratings downgraded shares of CRH from a “buy (b)” rating to a “hold (c+)” rating in a research report on Monday, May 4th. DA Davidson set a $120.00 price objective on shares of CRH in a research report on Friday, February 20th. Finally, Morgan Stanley reissued an “overweight” rating and set a $139.00 target price on shares of CRH in a research note on Wednesday, April 15th. Two research 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. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $139.54.

CRH Trading Down 0.2%

Shares of NYSE:CRH opened at $106.57 on Wednesday. The stock has a market capitalization of $71.21 billion, a PE ratio of 19.73, a P/E/G ratio of 1.86 and a beta of 1.31. Crh Plc has a 1 year low of $86.82 and a 1 year high of $131.55. The firm has a fifty day moving average price of $109.43 and a 200 day moving average price of $116.37.

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

CRH Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 17th. Stockholders of record on Friday, May 15th will be paid a $0.39 dividend. The ex-dividend date is Friday, May 15th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 1.5%. CRH’s payout ratio is presently 28.89%.

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.