Crh Plc $CRH Shares Acquired by CIBC Asset Management Inc

CIBC Asset Management Inc boosted its stake in shares of Crh Plc (NYSE:CRH) by 433.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 158,780 shares of the construction company’s stock after purchasing an additional 129,005 shares during the period. CIBC Asset Management Inc’s holdings in CRH were worth $19,816,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in CRH. Board of the Pension Protection Fund purchased a new stake in CRH in the fourth quarter valued at approximately $25,000. Harbor Investment Advisory LLC raised its position in CRH by 87.6% during the 4th quarter. Harbor Investment Advisory LLC now owns 212 shares of the construction company’s stock worth $26,000 after buying an additional 99 shares during the last quarter. Flagship Harbor Advisors LLC purchased a new position in CRH during the 4th quarter worth approximately $26,000. Riggs Asset Managment Co. Inc. lifted its stake in CRH by 1,835.3% during the 2nd quarter. Riggs Asset Managment Co. Inc. now owns 329 shares of the construction company’s stock valued at $30,000 after acquiring an additional 312 shares during the period. Finally, Cornerstone Planning Group LLC boosted its holdings in shares of CRH by 139.3% in the 3rd quarter. Cornerstone Planning Group LLC now owns 268 shares of the construction company’s stock valued at $31,000 after acquiring an additional 156 shares during the last quarter. Hedge funds and other institutional investors own 62.50% of the company’s stock.

CRH Trading Up 0.8%

Shares of CRH stock opened at $106.70 on Friday. Crh Plc has a 12-month low of $86.82 and a 12-month high of $131.55. The business’s 50 day moving average is $109.59 and its two-hundred day moving average is $116.27. The company has a market capitalization of $71.30 billion, a P/E ratio of 19.76, a P/E/G ratio of 1.84 and a beta of 1.31.

CRH (NYSE:CRH) last announced its earnings results on Thursday, April 30th. The construction company reported ($0.20) earnings per share for the quarter, topping 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 return on equity of 15.37% and a net margin of 9.65%.CRH’s revenue was up 9.1% on a year-over-year basis. CRH has set its FY 2026 guidance at 5.600-6.050 EPS. On average, research analysts predict that Crh Plc will post 5.92 earnings per share for the current fiscal year.

CRH Announces Dividend

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 issued a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend is Friday, May 15th. CRH’s dividend payout ratio (DPR) is presently 28.89%.

Wall Street Analyst Weigh In

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

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.