Crh Plc $CRH Stock Holdings Increased by Cibc World Market Inc.

Cibc World Market Inc. increased its holdings in Crh Plc (NYSE:CRH) by 10.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 62,449 shares of the construction company’s stock after purchasing an additional 6,059 shares during the quarter. Cibc World Market Inc.’s holdings in CRH were worth $7,794,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in CRH. NewEdge Advisors LLC raised its holdings in shares of CRH by 158.5% in the 1st quarter. NewEdge Advisors LLC now owns 8,670 shares of the construction company’s stock worth $763,000 after purchasing an additional 5,316 shares in the last quarter. Empowered Funds LLC raised its holdings 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 valued at $1,159,000 after acquiring an additional 658 shares during the period. Sivia Capital Partners LLC raised its holdings in shares of CRH by 58.5% during the second quarter. Sivia Capital Partners LLC now owns 4,279 shares of the construction company’s stock valued at $393,000 after acquiring an additional 1,579 shares during the period. Sei Investments Co. raised its holdings in shares of CRH by 18.9% during the second quarter. Sei Investments Co. now owns 228,288 shares of the construction company’s stock valued at $20,957,000 after acquiring an additional 36,238 shares during the period. Finally, Treasurer of the State of North Carolina raised its holdings in shares of CRH by 0.7% during the second quarter. Treasurer of the State of North Carolina now owns 316,818 shares of the construction company’s stock valued at $29,084,000 after acquiring an additional 2,348 shares during the period. 62.50% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on CRH shares. DA Davidson set a $120.00 price target on shares of CRH in a report on Friday, February 20th. Weiss Ratings lowered shares of CRH from a “buy (b)” rating to a “hold (c+)” rating in a report on Monday, May 4th. 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. JPMorgan Chase & Co. boosted their price target on shares of CRH from $135.00 to $140.00 and gave the company an “overweight” rating in a report on Tuesday, March 3rd. Finally, Morgan Stanley restated an “overweight” rating and set a $139.00 price target on shares of CRH in a report on Wednesday, April 15th. Two analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $139.54.

CRH Stock Performance

Shares of CRH opened at $105.10 on Friday. The company’s 50 day moving average price is $109.57 and its 200 day moving average price is $116.19. Crh Plc has a 52 week low of $86.82 and a 52 week high of $131.55. The company has a market capitalization of $70.23 billion, a PE ratio of 19.46, a PEG ratio of 1.83 and a beta of 1.31.

CRH (NYSE:CRH) last announced its quarterly earnings data on Thursday, April 30th. The construction company reported ($0.20) EPS for the quarter, beating analysts’ consensus estimates of ($0.22) by $0.02. CRH had a net margin of 9.65% and a return on equity of 15.37%. The firm had revenue of $7.37 billion for the quarter, compared to the consensus estimate of $7.07 billion. CRH’s 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, equities analysts forecast that Crh Plc will post 5.92 earnings per share for the current fiscal year.

CRH Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 17th. Investors of record on Friday, May 15th will be given a dividend of $0.39 per share. The ex-dividend date of this dividend is Friday, May 15th. This represents a $1.56 dividend on an annualized basis and a 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.