Capital Wealth Planning LLC Invests $4.56 Million in Crh Plc $CRH

Capital Wealth Planning LLC acquired a new position in shares of Crh Plc (NYSE:CRH) in the third quarter, HoldingsChannel reports. The fund acquired 38,027 shares of the construction company’s stock, valued at approximately $4,559,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Principal Financial Group Inc. boosted its stake in CRH by 24.7% during the 3rd quarter. Principal Financial Group Inc. now owns 2,269,271 shares of the construction company’s stock worth $272,086,000 after acquiring an additional 448,860 shares during the last quarter. Park Avenue Securities LLC acquired a new stake in CRH in the third quarter worth $4,491,000. Exane Asset Management raised its holdings in CRH by 21.2% in the third quarter. Exane Asset Management now owns 663,774 shares of the construction company’s stock worth $80,735,000 after purchasing an additional 116,178 shares during the period. Cibc World Market Inc. boosted its position in shares of CRH by 36.2% during the third quarter. Cibc World Market Inc. now owns 56,390 shares of the construction company’s stock worth $6,761,000 after purchasing an additional 14,985 shares in the last quarter. Finally, Dynasty Wealth Management LLC boosted its position in shares of CRH by 77.5% during the third quarter. Dynasty Wealth Management LLC now owns 34,077 shares of the construction company’s stock worth $4,086,000 after purchasing an additional 14,877 shares in the last quarter. Institutional investors own 62.50% of the company’s stock.

Wall Street Analyst Weigh In

CRH has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. upped their price objective on shares of CRH from $135.00 to $140.00 and gave the company an “overweight” rating in a research report on Tuesday, March 3rd. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of CRH in a research note on Monday, December 8th. Citigroup increased their price target on CRH from $142.00 to $155.00 and gave the stock a “buy” rating in a report on Thursday, January 8th. UBS Group raised their price target on CRH from $138.00 to $147.00 and gave the stock a “buy” rating in a research report on Thursday, January 8th. Finally, Wells Fargo & Company lifted 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. Two investment 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 stock. Based on data from MarketBeat.com, CRH currently has an average rating of “Moderate Buy” and a consensus price target of $137.86.

CRH Stock Performance

Shares of NYSE CRH opened at $99.74 on Friday. The stock has a 50 day moving average price of $120.94 and a 200 day moving average price of $118.83. The stock has a market capitalization of $66.65 billion, a PE ratio of 18.07, a price-to-earnings-growth ratio of 1.74 and a beta of 1.33. Crh Plc has a 52 week low of $76.75 and a 52 week high of $131.55.

CRH (NYSE:CRH) last posted its quarterly earnings results on Wednesday, February 18th. The construction company reported $1.52 earnings per share 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 period last year, the firm earned $1.02 EPS. The firm’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. As a group, research analysts forecast that Crh Plc will post 5.47 EPS for the current year.

CRH Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 8th. Investors of record on Friday, March 6th will be issued a dividend of $0.39 per share. The ex-dividend date is Friday, March 6th. This is a positive change from CRH’s previous quarterly dividend of $0.37. This represents a $1.56 dividend on an annualized basis and a yield of 1.6%. CRH’s dividend payout ratio is presently 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.