Boston Common Asset Management LLC Cuts Stock Position in Crh Plc $CRH

Boston Common Asset Management LLC lowered its stake in shares of Crh Plc (NYSE:CRH) by 20.9% during the 1st quarter, HoldingsChannel.com reports. The firm owned 170,491 shares of the construction company’s stock after selling 45,042 shares during the quarter. CRH makes up 1.2% of Boston Common Asset Management LLC’s holdings, making the stock its 20th biggest position. Boston Common Asset Management LLC’s holdings in CRH were worth $17,922,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Flagship Harbor Advisors LLC bought a new stake in shares of CRH during the 4th quarter worth approximately $26,000. Harbor Investment Advisory LLC lifted its stake 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 acquiring an additional 99 shares during the period. Kemnay Advisory Services Inc. bought a new position in shares of CRH during the fourth quarter valued at approximately $33,000. Meeder Asset Management Inc. boosted its position in CRH by 29,400.0% during the 4th quarter. Meeder Asset Management Inc. now owns 295 shares of the construction company’s stock valued at $37,000 after acquiring an additional 294 shares in the last quarter. Finally, Elyxium Wealth LLC purchased a new position in CRH in the fourth quarter valued at about $37,000. Hedge funds and other institutional investors own 62.50% of the company’s stock.

Wall Street Analyst Weigh In

CRH has been the topic of several recent analyst reports. Morgan Stanley reaffirmed an “overweight” rating and set a $139.00 target price on shares of CRH in a research report on Wednesday, April 15th. Wells Fargo & Company cut their price objective on shares of CRH from $135.00 to $132.00 and set an “overweight” rating on the stock in a report on Wednesday, July 8th. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of CRH in a research report on Tuesday, June 23rd. Weiss Ratings downgraded shares of CRH from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, June 18th. Finally, Jefferies Financial Group upped 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. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, CRH presently has a consensus rating of “Buy” and an average target price of $141.19.

CRH Stock Performance

CRH stock opened at $102.96 on Monday. The business’s 50-day simple moving average is $106.33 and its two-hundred day simple moving average is $113.15. The company has a market cap of $68.80 billion, a PE ratio of 19.07, a PEG ratio of 1.78 and a beta of 1.32. Crh Plc has a fifty-two week low of $92.66 and a fifty-two week 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 (EPS) 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 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, analysts predict that Crh Plc will post 5.96 EPS for the current fiscal year.

CRH Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 17th. Shareholders of record on Friday, May 15th were given a dividend of $0.39 per share. 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 1.5%. CRH’s dividend payout ratio (DPR) is currently 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.