DUTCH ASSET Corp Takes Position in Crh Plc $CRH

DUTCH ASSET Corp purchased a new position in Crh Plc (NYSE:CRH) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 9,303 shares of the construction company’s stock, valued at approximately $1,161,000. CRH accounts for approximately 0.9% of DUTCH ASSET Corp’s investment portfolio, making the stock its 24th largest holding.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of CRH by 680.6% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 119,237 shares of the construction company’s stock worth $14,881,000 after purchasing an additional 103,962 shares during the last quarter. BNP Paribas Financial Markets boosted its position in CRH by 28.1% during the third quarter. BNP Paribas Financial Markets now owns 1,007,042 shares of the construction company’s stock valued at $120,744,000 after purchasing an additional 221,107 shares in the last quarter. TD Asset Management Inc grew its stake in CRH by 41.0% in the third quarter. TD Asset Management Inc now owns 2,758,784 shares of the construction company’s stock valued at $330,778,000 after purchasing an additional 802,156 shares during the last quarter. Pacific Capital Partners Ltd raised its holdings in CRH by 47.1% in the fourth quarter. Pacific Capital Partners Ltd now owns 43,750 shares of the construction company’s stock worth $5,460,000 after purchasing an additional 14,000 shares in the last quarter. Finally, Lansdowne Partners UK LLP raised its holdings in CRH by 23.4% in the third quarter. Lansdowne Partners UK LLP now owns 648,129 shares of the construction company’s stock worth $77,711,000 after purchasing an additional 122,915 shares in the last quarter. 62.50% of the stock is currently owned by institutional investors.

CRH Stock Performance

CRH opened at $111.45 on Friday. The stock has a market capitalization of $74.47 billion, a PE ratio of 20.64, a P/E/G ratio of 1.94 and a beta of 1.31. Crh Plc has a one year low of $86.82 and a one year high of $131.55. The business’s 50 day moving average price is $109.94 and its 200 day moving average price is $115.74.

CRH (NYSE:CRH) last posted its earnings results on Thursday, April 30th. The construction company reported ($0.20) EPS for the quarter, beating the consensus estimate of ($0.22) by $0.02. The firm had revenue of $7.37 billion for the quarter, compared to analyst estimates of $7.07 billion. CRH had a return on equity of 15.37% and a net margin of 9.65%.The company’s revenue for the quarter was up 9.1% compared to the same quarter last year. CRH has set its FY 2026 guidance at 5.600-6.050 EPS. As a group, equities research analysts forecast that Crh Plc will post 5.92 earnings per share for the current fiscal year.

CRH Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 17th. Stockholders of record on Friday, May 15th were issued a $0.39 dividend. The ex-dividend date was Friday, May 15th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 1.4%. CRH’s dividend payout ratio is presently 28.89%.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. JPMorgan Chase & Co. raised their target price on shares of CRH from $135.00 to $140.00 and gave the stock an “overweight” rating in a report on Tuesday, March 3rd. Morgan Stanley reaffirmed an “overweight” rating and set a $139.00 price target on shares of CRH in a research report on Wednesday, April 15th. 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 research note on Friday, February 20th. DA Davidson set a $120.00 price objective on CRH in a report on Friday, February 20th. Finally, Weiss Ratings downgraded CRH from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday. Two investment analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $139.54.

CRH Company 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.