Mitsubishi UFJ Asset Management Co. Ltd. Boosts Stake in Crh Plc $CRH

Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in Crh Plc (NYSE:CRH) by 3.3% in the 3rd quarter, Holdings Channel reports. The firm owned 617,616 shares of the construction company’s stock after purchasing an additional 19,852 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in CRH were worth $74,052,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in CRH. Norges Bank purchased a new position in shares of CRH during the second quarter worth $1,007,932,000. Eleva Capital SAS acquired a new position in CRH during the 2nd quarter worth about $250,562,000. Massachusetts Financial Services Co. MA boosted its holdings in CRH by 24.3% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 12,803,346 shares of the construction company’s stock valued at $1,175,347,000 after acquiring an additional 2,499,558 shares during the period. Marshall Wace LLP boosted its holdings in CRH by 45.3% during the 2nd quarter. Marshall Wace LLP now owns 6,031,903 shares of the construction company’s stock valued at $553,729,000 after acquiring an additional 1,881,550 shares during the period. Finally, Citigroup Inc. grew its position in CRH by 229.0% in the 3rd quarter. Citigroup Inc. now owns 1,811,126 shares of the construction company’s stock valued at $217,154,000 after acquiring an additional 1,260,558 shares in the last quarter. 62.50% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have recently commented on CRH. UBS Group raised their price objective on shares of CRH from $138.00 to $147.00 and gave the company a “buy” rating in a research note on Thursday, January 8th. Royal Bank Of Canada reduced their target price on shares of CRH from $152.00 to $150.00 and set an “outperform” rating on the stock in a report on Friday, November 7th. Morgan Stanley boosted their price target on shares of CRH from $131.00 to $140.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 10th. BNP Paribas Exane raised CRH to a “strong-buy” rating in a research report on Friday, January 23rd. Finally, Longbow Research started coverage on CRH in a report on Tuesday, December 16th. They issued a “buy” rating and a $160.00 target price for the company. Two research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $137.43.

CRH Trading Down 1.0%

CRH stock opened at $119.88 on Friday. The stock has a market cap of $80.11 billion, a P/E ratio of 21.72, a PEG ratio of 2.12 and a beta of 1.33. Crh Plc has a twelve month low of $76.75 and a twelve month high of $131.55. The company’s 50 day moving average is $124.71 and its two-hundred day moving average is $119.12.

CRH (NYSE:CRH) last posted 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 company had revenue of $5.42 billion during the quarter, compared to analysts’ expectations of $11.15 billion. During the same period last year, the business earned $1.02 earnings per share. The company’s quarterly revenue was up 6.2% on a year-over-year basis. CRH has set its FY 2026 guidance at 5.600-6.050 EPS. On average, equities research analysts predict that Crh Plc will post 5.47 earnings per share for the current year.

CRH Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 8th. Shareholders of record on Friday, March 6th will be issued a dividend of $0.39 per share. 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 dividend yield of 1.3%. CRH’s dividend payout ratio is 20.11%.

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.