Allianz Asset Management GmbH Increases Holdings in Crh Plc $CRH

Allianz Asset Management GmbH boosted its holdings in shares of Crh Plc (NYSE:CRH) by 3.4% during the fourth quarter, Holdings Channel reports. The firm owned 733,279 shares of the construction company’s stock after acquiring an additional 24,229 shares during the quarter. Allianz Asset Management GmbH’s holdings in CRH were worth $91,513,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Board of the Pension Protection Fund purchased a new position in CRH during the 4th quarter valued at about $25,000. Harbor Investment Advisory LLC boosted its stake in shares of CRH by 87.6% during 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 in the last quarter. Flagship Harbor Advisors LLC bought a new stake in shares of CRH during the 4th quarter valued at about $26,000. Riggs Asset Managment Co. Inc. boosted its stake 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 valued at $30,000 after purchasing an additional 312 shares in the last quarter. Finally, Elyxium Wealth LLC bought a new stake in shares of CRH during the 4th quarter valued at about $37,000. Hedge funds and other institutional investors own 62.50% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on CRH. DA Davidson set a $120.00 target price on shares of CRH in a research note on Friday, February 20th. JPMorgan Chase & Co. lifted their target price on shares of CRH from $135.00 to $140.00 and gave the company an “overweight” rating in a research note on Tuesday, March 3rd. Weiss Ratings lowered shares of CRH from a “buy (b)” rating to a “hold (c+)” rating in a research note on Monday, May 4th. Morgan Stanley reaffirmed an “overweight” rating and set a $139.00 target price on shares of CRH in a research note on Wednesday, April 15th. Finally, Wells Fargo & Company lifted their target price on shares of CRH from $133.00 to $135.00 and gave the company an “equal weight” rating in a research note on Friday, February 20th. Two research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $139.54.

CRH Stock Performance

CRH stock opened at $100.17 on Thursday. The firm has a 50 day moving average price of $109.55 and a 200-day moving average price of $116.08. Crh Plc has a 52-week low of $86.82 and a 52-week high of $131.55. The firm has a market capitalization of $66.93 billion, a price-to-earnings ratio of 18.55, a PEG ratio of 1.80 and a beta of 1.31.

CRH (NYSE:CRH) last released its earnings results on Thursday, April 30th. The construction company reported ($0.20) earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to analyst estimates of $7.07 billion. The firm’s 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 forecast that Crh Plc will post 5.92 earnings per share for the current fiscal year.

CRH Dividend Announcement

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