Western Wealth Management LLC Invests $678,000 in Crh Plc $CRH

Western Wealth Management LLC acquired a new stake in Crh Plc (NYSE:CRH) in the 1st quarter, HoldingsChannel.com reports. The fund acquired 6,454 shares of the construction company’s stock, valued at approximately $678,000.

Several other large investors have also bought and sold shares of CRH. Vanguard Group Inc. raised its position in CRH by 22.7% in the fourth quarter. Vanguard Group Inc. now owns 79,117,664 shares of the construction company’s stock worth $9,873,884,000 after acquiring an additional 14,623,673 shares in the last quarter. Norges Bank bought a new position in shares of CRH during the 4th quarter valued at about $1,476,939,000. State Street Corp grew its stake in shares of CRH by 81.3% in the 4th quarter. State Street Corp now owns 24,895,205 shares of the construction company’s stock worth $3,106,927,000 after purchasing an additional 11,167,189 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of CRH by 67.3% in the 4th quarter. Geode Capital Management LLC now owns 14,709,575 shares of the construction company’s stock worth $1,827,252,000 after purchasing an additional 5,916,930 shares in the last quarter. Finally, Amundi raised its holdings in shares of CRH by 74.7% in the 1st quarter. Amundi now owns 5,965,814 shares of the construction company’s stock worth $627,126,000 after purchasing an additional 2,550,178 shares in the last quarter. Institutional investors own 62.50% of the company’s stock.

CRH Price Performance

NYSE:CRH opened at $97.68 on Friday. Crh Plc has a fifty-two week low of $94.11 and a fifty-two week high of $131.55. The stock’s 50-day moving average is $104.11 and its two-hundred day moving average is $109.71. The stock has a market cap of $64.99 billion, a PE ratio of 17.23, a price-to-earnings-growth ratio of 1.74 and a beta of 1.34.

CRH (NYSE:CRH) last posted its quarterly earnings results on Thursday, July 30th. The construction company reported $2.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.02 by $0.19. The business had revenue of $10.78 billion during the quarter, compared to analyst estimates of $10.68 billion. CRH had a net margin of 9.93% and a return on equity of 15.76%. The firm’s revenue was up 5.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.94 earnings per share. CRH has set its FY 2026 guidance at 5.600-6.050 EPS. On average, equities research analysts anticipate that Crh Plc will post 5.8 earnings per share for the current year.

CRH Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 16th. Shareholders of record on Friday, August 14th will be given a $0.39 dividend. The ex-dividend date is Friday, August 14th. This represents a $1.56 dividend on an annualized basis and a yield of 1.6%. CRH’s dividend payout ratio is presently 27.51%.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on CRH. Wells Fargo & Company reduced their target price on shares of CRH from $135.00 to $132.00 and set an “overweight” rating for the company in a report on Wednesday, July 8th. Stephens cut their price objective on CRH from $135.00 to $125.00 and set an “overweight” rating for the company in a research report on Friday, July 31st. Sanford C. Bernstein restated an “outperform” rating on shares of CRH in a report on Tuesday, June 23rd. Jefferies Financial Group upped their target price on CRH from $149.00 to $165.60 and gave the company a “buy” rating in a report on Friday, June 26th. Finally, Weiss Ratings raised CRH from a “hold (c)” rating to a “buy (b-)” rating in a research note on Friday, July 31st. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $139.44.

CRH 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.