Assenagon Asset Management S.A. Increases Holdings in Crh Plc $CRH

Assenagon Asset Management S.A. increased its holdings in shares of Crh Plc (NYSE:CRH) by 274.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 203,412 shares of the construction company’s stock after purchasing an additional 149,118 shares during the period. Assenagon Asset Management S.A.’s holdings in CRH were worth $21,383,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in CRH. JFS Wealth Advisors LLC grew its holdings in CRH by 12.1% in the fourth quarter. JFS Wealth Advisors LLC now owns 794 shares of the construction company’s stock valued at $99,000 after purchasing an additional 86 shares during the period. Waddell & Associates LLC increased its position in shares of CRH by 3.8% during the fourth quarter. Waddell & Associates LLC now owns 2,352 shares of the construction company’s stock worth $294,000 after purchasing an additional 87 shares in the last quarter. PDS Planning Inc increased its position in shares of CRH by 2.3% during the fourth quarter. PDS Planning Inc now owns 4,000 shares of the construction company’s stock worth $499,000 after purchasing an additional 89 shares in the last quarter. Crossmark Global Holdings Inc. raised its stake in CRH by 2.4% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 4,126 shares of the construction company’s stock valued at $495,000 after purchasing an additional 96 shares during the last quarter. Finally, Harbor Investment Advisory LLC lifted its holdings in CRH by 87.6% in the 4th quarter. Harbor Investment Advisory LLC now owns 212 shares of the construction company’s stock valued at $26,000 after purchasing an additional 99 shares in the last quarter. 62.50% of the stock is owned by hedge funds and other institutional investors.

CRH Stock Performance

Shares of NYSE CRH opened at $112.68 on Friday. The stock’s 50-day simple moving average is $109.44 and its 200-day simple moving average is $115.46. The firm has a market capitalization of $75.29 billion, a PE ratio of 20.87, a price-to-earnings-growth ratio of 1.97 and a beta of 1.31. Crh Plc has a fifty-two week low of $89.63 and a fifty-two week high of $131.55.

CRH (NYSE:CRH) last announced its quarterly earnings results on Thursday, April 30th. The construction company reported ($0.20) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.22) by $0.02. The firm 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 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. On average, sell-side analysts forecast that Crh Plc will post 5.92 earnings per share for the current fiscal year.

CRH Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 17th. Investors of record on Friday, May 15th were given a $0.39 dividend. The ex-dividend date of this dividend was Friday, May 15th. This represents a $1.56 dividend on an annualized basis and a yield of 1.4%. CRH’s payout ratio is 28.89%.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on CRH shares. JPMorgan Chase & Co. increased their target price on shares of CRH from $135.00 to $140.00 and gave the company an “overweight” rating in a research report on Tuesday, March 3rd. Jefferies Financial Group raised their target price on shares of CRH from $149.00 to $165.60 and gave the stock a “buy” rating in a research note on Friday. Weiss Ratings cut CRH from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, June 18th. Sanford C. Bernstein reiterated an “outperform” rating on shares of CRH in a research report on Tuesday. Finally, Morgan Stanley reissued an “overweight” rating and set a $139.00 price objective on shares of CRH in a research note on Wednesday, April 15th. Two equities 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 company’s stock. Based on data from MarketBeat, CRH has a consensus rating of “Moderate Buy” and an average price target of $141.40.

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.