Vestmark Advisory Solutions Inc. Decreases Stake in Crh Plc $CRH

Vestmark Advisory Solutions Inc. lessened its holdings in Crh Plc (NYSE:CRH) by 83.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,262 shares of the construction company’s stock after selling 26,732 shares during the quarter. Vestmark Advisory Solutions Inc.’s holdings in CRH were worth $631,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in CRH. Lansforsakringar Fondforvaltning AB publ lifted its stake in shares of CRH by 21.8% during the 3rd quarter. Lansforsakringar Fondforvaltning AB publ now owns 510,465 shares of the construction company’s stock valued at $61,205,000 after buying an additional 91,330 shares in the last quarter. Citigroup Inc. raised its position in shares of CRH by 229.0% in the third quarter. Citigroup Inc. now owns 1,811,126 shares of the construction company’s stock worth $217,154,000 after buying an additional 1,260,558 shares in the last quarter. Raiffeisen Bank International AG boosted its stake in CRH by 10.1% during the third quarter. Raiffeisen Bank International AG now owns 67,333 shares of the construction company’s stock valued at $8,073,000 after buying an additional 6,151 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management purchased a new position in CRH during the third quarter worth about $2,863,000. Finally, Bridgewater Advisors Inc. increased its stake in CRH by 2.8% in the 3rd quarter. Bridgewater Advisors Inc. now owns 4,506 shares of the construction company’s stock worth $507,000 after acquiring an additional 121 shares during the last quarter. Hedge funds and other institutional investors own 62.50% of the company’s stock.

CRH Trading Up 0.8%

Shares of NYSE:CRH opened at $121.10 on Friday. The company has a market cap of $81.17 billion, a price-to-earnings ratio of 21.94, a price-to-earnings-growth ratio of 2.10 and a beta of 1.33. Crh Plc has a 12 month low of $76.75 and a 12 month high of $131.55. The company has a 50-day moving average price of $124.82 and a 200-day moving average price of $119.03.

CRH (NYSE:CRH) last announced its earnings results on Wednesday, February 18th. The construction company reported $1.52 EPS for the quarter, missing analysts’ consensus estimates of $2.20 by ($0.68). CRH had a net margin of 10.02% and a return on equity of 15.98%. The business had revenue of $5.42 billion for the quarter, compared to the consensus estimate of $11.15 billion. During the same quarter in the prior year, the company earned $1.02 EPS. CRH’s revenue was up 6.2% 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 forecast that Crh Plc will post 5.47 EPS for the current fiscal year.

CRH Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 8th. Investors of record on Friday, March 6th will be paid a $0.39 dividend. The ex-dividend date of this dividend is Friday, March 6th. This is a positive change from CRH’s previous quarterly dividend of $0.37. This represents a $1.56 annualized dividend and a yield of 1.3%. CRH’s payout ratio is currently 20.11%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on CRH. DA Davidson set a $120.00 price objective on CRH in a report on Friday, February 20th. Morgan Stanley increased their price target on shares of CRH from $131.00 to $140.00 and gave the stock an “overweight” rating in a report on Wednesday, December 10th. Wells Fargo & Company lifted their price objective on shares of CRH from $133.00 to $135.00 and gave the stock an “equal weight” rating in a report on Friday, February 20th. UBS Group upped their target price on shares of CRH from $138.00 to $147.00 and gave the stock a “buy” rating in a research report on Thursday, January 8th. Finally, JPMorgan Chase & Co. raised their price target on CRH from $130.00 to $135.00 and gave the company an “overweight” rating in a research report on Tuesday, November 11th. Two analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $136.27.

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.