Daiwa Securities Group Inc. Increases Stake in Crh Plc $CRH

Daiwa Securities Group Inc. raised its holdings in shares of Crh Plc (NYSE:CRH) by 41.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 201,601 shares of the construction company’s stock after buying an additional 58,801 shares during the period. Daiwa Securities Group Inc.’s holdings in CRH were worth $25,160,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of CRH. NewEdge Advisors LLC boosted its position in shares of CRH by 158.5% in the first quarter. NewEdge Advisors LLC now owns 8,670 shares of the construction company’s stock worth $763,000 after purchasing an additional 5,316 shares during the period. Empowered Funds LLC boosted its position in shares of CRH by 5.3% in the first quarter. Empowered Funds LLC now owns 13,178 shares of the construction company’s stock worth $1,159,000 after purchasing an additional 658 shares during the period. Sivia Capital Partners LLC boosted its position in shares of CRH by 58.5% in the second quarter. Sivia Capital Partners LLC now owns 4,279 shares of the construction company’s stock worth $393,000 after purchasing an additional 1,579 shares during the period. Sei Investments Co. boosted its position in shares of CRH by 18.9% in the second quarter. Sei Investments Co. now owns 228,288 shares of the construction company’s stock worth $20,957,000 after purchasing an additional 36,238 shares during the period. Finally, Treasurer of the State of North Carolina boosted its position in shares of CRH by 0.7% in the second quarter. Treasurer of the State of North Carolina now owns 316,818 shares of the construction company’s stock worth $29,084,000 after purchasing an additional 2,348 shares during the period. 62.50% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

CRH has been the subject of a number of recent analyst reports. Wells Fargo & Company upped their price target on shares of CRH from $133.00 to $135.00 and gave the stock an “equal weight” rating in a research report on Friday, February 20th. Morgan Stanley reiterated an “overweight” rating and issued a $139.00 price target on shares of CRH in a research report on Wednesday, April 15th. Weiss Ratings lowered shares of CRH from a “buy (b)” rating to a “hold (c+)” rating in a research report on Monday, May 4th. DA Davidson set a $120.00 price target on shares of CRH in a research report on Friday, February 20th. Finally, JPMorgan Chase & Co. upped their price target on shares of CRH from $135.00 to $140.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 3rd. 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 stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $139.54.

CRH Stock Performance

Shares of NYSE:CRH opened at $105.10 on Friday. The firm has a market cap of $70.23 billion, a price-to-earnings ratio of 19.46, a P/E/G ratio of 1.85 and a beta of 1.31. The firm has a fifty day moving average price of $109.57 and a 200 day moving average price of $116.19. Crh Plc has a fifty-two week low of $86.82 and a fifty-two week high of $131.55.

CRH (NYSE:CRH) last released 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 company had revenue of $7.37 billion for the quarter, compared to the consensus estimate of $7.07 billion. CRH had a net margin of 9.65% and a return on equity of 15.37%. The business’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, research analysts predict that Crh Plc will post 5.92 earnings per share for the current year.

CRH Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 17th. Stockholders of record on Friday, May 15th will be paid a $0.39 dividend. The ex-dividend date of this dividend is Friday, May 15th. This represents a $1.56 annualized dividend and a dividend yield of 1.5%. CRH’s dividend payout ratio 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.