Swiss Life Asset Management Ltd Has $15.23 Million Stock Position in Crh Plc $CRH

Swiss Life Asset Management Ltd lifted its position in Crh Plc (NYSE:CRH) by 18.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 127,058 shares of the construction company’s stock after acquiring an additional 19,536 shares during the period. Swiss Life Asset Management Ltd’s holdings in CRH were worth $15,234,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. NewEdge Advisors LLC raised its stake in CRH by 158.5% during the 1st quarter. NewEdge Advisors LLC now owns 8,670 shares of the construction company’s stock valued at $763,000 after purchasing an additional 5,316 shares during the period. Empowered Funds LLC grew its holdings in shares of CRH by 5.3% during the first quarter. Empowered Funds LLC now owns 13,178 shares of the construction company’s stock valued at $1,159,000 after buying an additional 658 shares in the last quarter. Sivia Capital Partners LLC grew its holdings in shares of CRH by 58.5% during the second quarter. Sivia Capital Partners LLC now owns 4,279 shares of the construction company’s stock valued at $393,000 after buying an additional 1,579 shares in the last quarter. PNC Financial Services Group Inc. raised its position in CRH by 1.2% during the second quarter. PNC Financial Services Group Inc. now owns 11,972 shares of the construction company’s stock valued at $1,099,000 after buying an additional 146 shares during the period. Finally, Creative Planning raised its position in CRH by 9.2% during the second quarter. Creative Planning now owns 38,134 shares of the construction company’s stock valued at $3,501,000 after buying an additional 3,209 shares during the period. Institutional investors and hedge funds own 62.50% of the company’s stock.

CRH Stock Down 0.9%

CRH stock opened at $101.01 on Friday. The company has a market capitalization of $67.50 billion, a price-to-earnings ratio of 18.30, a P/E/G ratio of 1.78 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 firm has a 50 day moving average of $119.05 and a two-hundred day moving average of $118.53.

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

CRH Increases Dividend

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

Wall Street Analysts Forecast Growth

CRH has been the topic of several research analyst reports. Jefferies Financial Group reaffirmed a “buy” rating on shares of CRH in a research note on Monday, December 1st. Wells Fargo & Company boosted their price objective on shares of CRH from $133.00 to $135.00 and gave the company an “equal weight” rating in a research report on Friday, February 20th. 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 note on Tuesday, March 3rd. Morgan Stanley increased their target price on shares of CRH from $140.00 to $141.00 and gave the stock an “overweight” rating in a research report on Monday, March 2nd. Finally, BNP Paribas Exane upgraded shares of CRH to a “strong-buy” rating in a report on Friday, January 23rd. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, CRH presently has an average rating of “Moderate Buy” and an average target price of $137.86.

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.