Crh Plc $CRH Shares Sold by PCJ Investment Counsel Ltd.

PCJ Investment Counsel Ltd. reduced its position in shares of Crh Plc (NYSE:CRH) by 5.2% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 182,900 shares of the construction company’s stock after selling 10,000 shares during the quarter. CRH comprises 6.1% of PCJ Investment Counsel Ltd.’s portfolio, making the stock its 2nd largest holding. PCJ Investment Counsel Ltd.’s holdings in CRH were worth $21,930,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. BNP Paribas Financial Markets raised its stake in shares of CRH by 28.1% in the 3rd quarter. BNP Paribas Financial Markets now owns 1,007,042 shares of the construction company’s stock worth $120,744,000 after buying an additional 221,107 shares in the last quarter. Brentview Investment Management LLC boosted its stake in CRH by 3.4% during the third quarter. Brentview Investment Management LLC now owns 46,592 shares of the construction company’s stock valued at $5,586,000 after buying an additional 1,545 shares in the last quarter. FourThought Financial Partners LLC acquired a new position in CRH during the third quarter worth about $311,000. Capital International Ltd. CA grew its holdings in CRH by 3.0% during the third quarter. Capital International Ltd. CA now owns 33,268 shares of the construction company’s stock worth $3,989,000 after acquiring an additional 958 shares during the period. Finally, Tyro Capital Management LLC raised its position in CRH by 6.8% in the third quarter. Tyro Capital Management LLC now owns 360,495 shares of the construction company’s stock worth $43,223,000 after acquiring an additional 22,935 shares in the last quarter. 62.50% of the stock is currently owned by institutional investors and hedge funds.

CRH Stock Down 0.2%

NYSE:CRH opened at $106.26 on Wednesday. The stock has a fifty day simple moving average of $122.40 and a 200 day simple moving average of $119.16. The firm has a market capitalization of $71.01 billion, a price-to-earnings ratio of 19.25, a price-to-earnings-growth ratio of 1.86 and a beta of 1.33. Crh Plc has a 1-year low of $76.75 and a 1-year high of $131.55.

CRH (NYSE:CRH) last posted its quarterly earnings data on Wednesday, February 18th. The construction company reported $1.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.20 by ($0.68). CRH had a return on equity of 15.98% and a net margin of 10.02%.The company had revenue of $5.42 billion for the quarter, compared to analyst estimates of $11.15 billion. During the same quarter in the previous year, the firm posted $1.02 EPS. CRH’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. Equities analysts predict that Crh Plc will post 5.47 earnings per share for the current year.

CRH Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 8th. Stockholders of record on Friday, March 6th will be issued a dividend of $0.39 per share. This is an increase from CRH’s previous quarterly dividend of $0.37. This represents a $1.56 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date is Friday, March 6th. CRH’s dividend payout ratio (DPR) is presently 28.26%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. UBS Group upped their price target on shares of CRH from $138.00 to $147.00 and gave the company a “buy” rating in a report on Thursday, January 8th. Citigroup boosted their target price on shares of CRH from $142.00 to $155.00 and gave the stock a “buy” rating in a report on Thursday, January 8th. DA Davidson set a $120.00 target price on shares of CRH in a research note on Friday, February 20th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of CRH in a report on Monday, December 8th. Finally, BNP Paribas Exane upgraded shares of CRH to a “strong-buy” rating in a research report on Friday, January 23rd. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $137.86.

CRH 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.