Groupe des Assurances du Credit Mutuel Sells 171,000 Shares of Crh Plc $CRH

Groupe des Assurances du Credit Mutuel trimmed its holdings in shares of Crh Plc (NYSE:CRH) by 34.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 326,977 shares of the construction company’s stock after selling 171,000 shares during the period. CRH makes up about 12.7% of Groupe des Assurances du Credit Mutuel’s portfolio, making the stock its 4th biggest position. Groupe des Assurances du Credit Mutuel’s holdings in CRH were worth $39,205,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. L2 Asset Management LLC raised its holdings in shares of CRH by 3.0% during the second quarter. L2 Asset Management LLC now owns 3,028 shares of the construction company’s stock worth $278,000 after purchasing an additional 89 shares during the last quarter. UMB Bank n.a. lifted its position in CRH by 34.8% during the third quarter. UMB Bank n.a. now owns 356 shares of the construction company’s stock valued at $43,000 after purchasing an additional 92 shares during the period. Crossmark Global Holdings Inc. boosted its holdings in CRH by 2.4% in the third quarter. Crossmark Global Holdings Inc. now owns 4,126 shares of the construction company’s stock valued at $495,000 after purchasing an additional 96 shares during the last quarter. Sound View Wealth Advisors Group LLC grew its position in CRH by 3.4% during the 3rd quarter. Sound View Wealth Advisors Group LLC now owns 3,082 shares of the construction company’s stock worth $370,000 after purchasing an additional 100 shares during the period. Finally, Shepherd Financial Partners LLC grew its position in CRH by 0.3% during the 3rd quarter. Shepherd Financial Partners LLC now owns 33,863 shares of the construction company’s stock worth $4,060,000 after purchasing an additional 106 shares during the period. 62.50% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Wells Fargo & Company boosted their price objective on CRH from $133.00 to $135.00 and gave the company an “equal weight” rating in a report on Friday, February 20th. UBS Group raised their target price on CRH from $138.00 to $147.00 and gave the stock a “buy” rating in a report on Thursday, January 8th. Longbow Research assumed coverage on CRH in a research report on Tuesday, December 16th. They set a “buy” rating and a $160.00 price target for the company. Morgan Stanley boosted their price target on CRH from $140.00 to $141.00 and gave the company an “overweight” rating in a report on Monday, March 2nd. Finally, JPMorgan Chase & Co. upped their price objective on CRH from $135.00 to $140.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 3rd. Two research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $137.86.

CRH Trading Down 2.1%

NYSE CRH opened at $104.00 on Thursday. The stock has a market capitalization of $69.50 billion, a price-to-earnings ratio of 18.84, a PEG ratio of 1.86 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 stock has a 50-day moving average of $121.98 and a 200 day moving average of $119.05.

CRH (NYSE:CRH) last issued its quarterly earnings results on Wednesday, February 18th. The construction company reported $1.52 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.20 by ($0.68). CRH had a return on equity of 15.98% and a net margin of 10.02%.The business had revenue of $5.42 billion for the quarter, compared to analysts’ expectations of $11.15 billion. During the same quarter in the prior year, the company posted $1.02 EPS. The business’s revenue for the quarter was up 6.2% compared to the same quarter last year. CRH has set its FY 2026 guidance at 5.600-6.050 EPS. Equities analysts predict that Crh Plc will post 5.47 EPS for the current fiscal year.

CRH Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 8th. Stockholders of record on Friday, March 6th will be given a dividend of $0.39 per share. This is a positive change from CRH’s previous quarterly dividend of $0.37. The ex-dividend date is Friday, March 6th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 1.5%. CRH’s payout ratio is 28.26%.

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.