Crh Plc $CRH Shares Sold by ABN AMRO Bank N.V.

ABN AMRO Bank N.V. lowered its stake in Crh Plc (NYSE:CRH) by 35.4% in the 1st quarter, Holdings Channel.com reports. The firm owned 818,697 shares of the construction company’s stock after selling 449,512 shares during the period. ABN AMRO Bank N.V.’s holdings in CRH were worth $85,259,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of CRH. Board of the Pension Protection Fund acquired a new position in CRH in the fourth quarter worth about $25,000. 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 valued at $26,000 after buying an additional 99 shares during the last quarter. Flagship Harbor Advisors LLC acquired a new stake in CRH during the fourth quarter valued at approximately $26,000. Riggs Asset Managment Co. Inc. lifted its holdings in 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 buying an additional 312 shares during the last quarter. Finally, Bell Investment Advisors Inc lifted its holdings in CRH by 51.2% during the 1st quarter. Bell Investment Advisors Inc now owns 304 shares of the construction company’s stock worth $32,000 after buying an additional 103 shares during the last quarter. Institutional investors and hedge funds own 62.50% of the company’s stock.

CRH Stock Down 0.3%

CRH stock opened at $112.68 on Friday. The stock has a market cap of $75.29 billion, a PE ratio of 20.87, a price-to-earnings-growth ratio of 1.95 and a beta of 1.31. The firm’s 50-day simple moving average is $109.44 and its 200 day simple moving average is $115.46. Crh Plc has a fifty-two week low of $89.63 and a fifty-two week high of $131.55.

CRH (NYSE:CRH) last posted its 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. 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. Equities analysts forecast that Crh Plc will post 5.92 EPS for the current fiscal year.

CRH Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 17th. Stockholders of record on Friday, May 15th were given a dividend of $0.39 per share. The ex-dividend date was Friday, May 15th. This represents a $1.56 annualized dividend and a dividend yield of 1.4%. CRH’s payout ratio is currently 28.89%.

Analyst Ratings Changes

CRH has been the subject of several research reports. Morgan Stanley reiterated an “overweight” rating and issued a $139.00 target price on shares of CRH in a research report on Wednesday, April 15th. JPMorgan Chase & Co. raised their price objective on CRH from $135.00 to $140.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 3rd. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of CRH in a report on Tuesday. Weiss Ratings lowered shares of CRH from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, June 18th. Finally, Jefferies Financial Group raised their price target on shares of CRH from $149.00 to $165.60 and gave the stock a “buy” rating in a research report on Friday. Two research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $141.40.

CRH Company 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.