Hsbc Holdings PLC Purchases 55,692 Shares of Crh Plc $CRH

Hsbc Holdings PLC boosted its position in Crh Plc (NYSE:CRH) by 25.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 271,238 shares of the construction company’s stock after buying an additional 55,692 shares during the period. Hsbc Holdings PLC’s holdings in CRH were worth $33,996,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the company. Board of the Pension Protection Fund bought a new stake in shares of CRH during the 4th quarter valued at about $25,000. Flagship Harbor Advisors LLC bought a new stake in CRH in the fourth quarter worth approximately $26,000. Harbor Investment Advisory LLC increased its holdings in CRH by 87.6% in the fourth quarter. Harbor Investment Advisory LLC now owns 212 shares of the construction company’s stock worth $26,000 after purchasing an additional 99 shares in the last quarter. Kemnay Advisory Services Inc. acquired a new position in CRH in the fourth quarter valued at approximately $33,000. Finally, Meeder Asset Management Inc. lifted its stake in CRH by 29,400.0% in the fourth quarter. Meeder Asset Management Inc. now owns 295 shares of the construction company’s stock valued at $37,000 after buying an additional 294 shares during the period. Institutional investors own 62.50% of the company’s stock.

Wall Street Analysts Forecast Growth

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

CRH Stock Performance

NYSE:CRH opened at $107.81 on Tuesday. The firm has a market cap of $72.04 billion, a price-to-earnings ratio of 19.97, a price-to-earnings-growth ratio of 1.87 and a beta of 1.32. Crh Plc has a 52 week low of $91.22 and a 52 week high of $131.55. The firm has a 50-day moving average price of $108.49 and a two-hundred day moving average price of $114.72.

CRH (NYSE:CRH) last posted its earnings results on Thursday, April 30th. The construction company reported ($0.20) EPS for the quarter, topping the consensus estimate 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 analysts’ expectations of $7.07 billion. The business’s quarterly revenue was up 9.1% on a year-over-year basis. CRH has set its FY 2026 guidance at 5.600-6.050 EPS. As a group, sell-side analysts forecast that Crh Plc will post 5.92 earnings per share for the current year.

CRH Announces Dividend

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