ABN Amro Investment Solutions Invests $10.18 Million in Crh Plc $CRH

ABN Amro Investment Solutions bought a new position in shares of Crh Plc (NYSE:CRH) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 96,815 shares of the construction company’s stock, valued at approximately $10,177,000.

Other large investors have also recently bought and sold shares of the company. Harbor Investment Advisory LLC boosted 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 during the period. Flagship Harbor Advisors LLC bought a new position in shares of CRH during the 4th quarter worth about $26,000. Riggs Asset Managment Co. Inc. increased its holdings in shares of CRH by 1,835.3% during the 2nd quarter. Riggs Asset Managment Co. Inc. now owns 329 shares of the construction company’s stock worth $30,000 after purchasing an additional 312 shares during the period. Bell Investment Advisors Inc raised its position in shares of CRH by 51.2% during the first quarter. Bell Investment Advisors Inc now owns 304 shares of the construction company’s stock valued at $32,000 after buying an additional 103 shares during the last quarter. Finally, Kemnay Advisory Services Inc. bought a new stake in shares of CRH in the fourth quarter valued at about $33,000. 62.50% of the stock is currently owned by institutional investors and hedge funds.

CRH Stock Up 0.3%

Shares of CRH stock opened at $100.08 on Thursday. Crh Plc has a 12-month low of $93.58 and a 12-month high of $131.55. The company has a market capitalization of $66.87 billion, a P/E ratio of 18.53, a P/E/G ratio of 1.72 and a beta of 1.32. The firm has a 50-day moving average price of $105.67 and a 200 day moving average price of $112.61.

CRH (NYSE:CRH) last issued 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. The firm had revenue of $7.37 billion for the quarter, compared to analysts’ expectations of $7.07 billion. CRH had a net margin of 9.65% and a return on equity of 15.37%. The firm’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, research analysts expect that Crh Plc will post 5.96 earnings per share for the current year.

CRH Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 17th. Stockholders of record on Friday, May 15th were issued a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend was Friday, May 15th. CRH’s payout ratio is presently 28.89%.

Analyst Upgrades and Downgrades

CRH has been the topic of a number of recent research reports. Weiss Ratings downgraded CRH from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, June 18th. Morgan Stanley reaffirmed an “overweight” rating and issued a $139.00 price target on shares of CRH in a report on Wednesday, April 15th. Wells Fargo & Company lowered their price objective on CRH from $135.00 to $132.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 8th. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of CRH in a research report on Tuesday, June 23rd. Finally, Jefferies Financial Group lifted their price target on shares of CRH from $149.00 to $165.60 and gave the stock a “buy” rating in a research note on Friday, June 26th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $141.19.

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.