Apollon Wealth Management LLC Makes New Investment in Crh Plc $CRH

Apollon Wealth Management LLC acquired a new position in shares of Crh Plc (NYSE:CRH) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 5,558 shares of the construction company’s stock, valued at approximately $584,000.

A number of other institutional investors also recently modified their holdings of the company. Board of the Pension Protection Fund acquired a new position in CRH in the fourth quarter worth $25,000. Harbor Investment Advisory LLC increased its stake in shares of CRH by 87.6% in the fourth quarter. Harbor Investment Advisory LLC now owns 212 shares of the construction company’s stock valued at $26,000 after buying an additional 99 shares in the last quarter. Flagship Harbor Advisors LLC bought a new position in shares of CRH in the fourth quarter valued at about $26,000. Riggs Asset Managment Co. Inc. raised its holdings in shares of CRH by 1,835.3% in the second quarter. Riggs Asset Managment Co. Inc. now owns 329 shares of the construction company’s stock valued at $30,000 after buying an additional 312 shares during the last quarter. Finally, Bell Investment Advisors Inc lifted its position in CRH by 51.2% during the 1st quarter. Bell Investment Advisors Inc now owns 304 shares of the construction company’s stock worth $32,000 after buying an additional 103 shares in the last quarter. Institutional investors own 62.50% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on CRH shares. Sanford C. Bernstein reissued an “outperform” rating on shares of CRH in a report on Tuesday, June 23rd. Weiss Ratings lowered shares of CRH from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, June 18th. Jefferies Financial Group increased their price target on shares of CRH from $149.00 to $165.60 and gave the company a “buy” rating in a research note on Friday, June 26th. Finally, Morgan Stanley reissued an “overweight” rating and issued a $139.00 price target on shares of CRH in a report on Wednesday, April 15th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $141.40.

CRH Stock Down 0.1%

CRH stock opened at $107.41 on Friday. The business’s 50-day simple moving average is $108.49 and its 200 day simple moving average is $114.80. The stock has a market cap of $71.77 billion, a price-to-earnings ratio of 19.89, a P/E/G ratio of 1.87 and a beta of 1.32. Crh Plc has a 12-month low of $91.22 and a 12-month high of $131.55.

CRH (NYSE:CRH) last announced its quarterly earnings data 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. CRH had a return on equity of 15.37% and a net margin of 9.65%.The firm had revenue of $7.37 billion during the quarter, compared to analysts’ expectations of $7.07 billion. CRH’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. As a group, sell-side analysts expect that Crh Plc will post 5.92 EPS for the current year.

CRH Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 17th. Investors of record on Friday, May 15th were paid a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend was Friday, May 15th. CRH’s payout ratio is 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.