Pictet Asset Management Holding SA Trims Stock Holdings in Crh Plc $CRH

Pictet Asset Management Holding SA lowered its position in shares of Crh Plc (NYSE:CRH) by 30.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 350,075 shares of the construction company’s stock after selling 149,938 shares during the quarter. Pictet Asset Management Holding SA owned about 0.05% of CRH worth $36,797,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Board of the Pension Protection Fund purchased a new stake in shares of CRH in the fourth quarter worth $25,000. Harbor Investment Advisory LLC raised its position in shares of CRH by 87.6% in the 4th quarter. Harbor Investment Advisory LLC now owns 212 shares of the construction company’s stock worth $26,000 after purchasing an additional 99 shares during the last quarter. Flagship Harbor Advisors LLC purchased a new stake in CRH during the 4th quarter valued at about $26,000. Riggs Asset Managment Co. Inc. raised its holdings in CRH by 1,835.3% in the second quarter. Riggs Asset Managment Co. Inc. now owns 329 shares of the construction company’s stock worth $30,000 after buying an additional 312 shares during the last quarter. Finally, Bell Investment Advisors Inc raised its holdings in CRH by 51.2% in the first quarter. Bell Investment Advisors Inc now owns 304 shares of the construction company’s stock worth $32,000 after buying an additional 103 shares during the last quarter. Institutional investors own 62.50% of the company’s stock.

CRH Stock Down 1.8%

CRH stock opened at $106.96 on Wednesday. Crh Plc has a 52-week low of $91.22 and a 52-week high of $131.55. The company has a market cap of $71.47 billion, a P/E ratio of 19.81, a P/E/G ratio of 1.89 and a beta of 1.31. The business has a 50-day simple moving average of $109.13 and a two-hundred day simple moving average of $115.14.

CRH (NYSE:CRH) last issued its quarterly earnings data on Thursday, April 30th. The construction company reported ($0.20) earnings per share for the quarter, topping the consensus estimate of ($0.22) by $0.02. The firm had revenue of $7.37 billion for the quarter, compared to analysts’ expectations of $7.07 billion. CRH had a net margin of 9.65% and a return on equity of 15.37%. 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. Research analysts anticipate that Crh Plc will post 5.92 EPS for the current fiscal year.

CRH Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 17th. Shareholders of record on Friday, May 15th were given a $0.39 dividend. The ex-dividend date was Friday, May 15th. This represents a $1.56 annualized dividend and a yield of 1.5%. CRH’s dividend payout ratio (DPR) is presently 28.89%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on CRH. Sanford C. Bernstein reiterated an “outperform” rating on shares of CRH in a report on Tuesday, June 23rd. Jefferies Financial Group boosted their price objective on shares of CRH from $149.00 to $165.60 and gave the stock a “buy” rating in a report on Friday. JPMorgan Chase & Co. increased their target price on CRH from $135.00 to $140.00 and gave the company an “overweight” rating in a research note on Tuesday, March 3rd. Weiss Ratings lowered CRH from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, June 18th. Finally, Morgan Stanley restated an “overweight” rating and issued a $139.00 price target on shares of CRH in a research note on Wednesday, April 15th. Two 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. According to MarketBeat.com, CRH presently has an average rating of “Moderate Buy” and a consensus target price of $141.40.

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.