Norges Bank Takes $1.48 Billion Position in Crh Plc $CRH

Norges Bank bought a new stake in shares of Crh Plc (NYSE:CRH) during the fourth quarter, Holdings Channel.com reports. The fund bought 11,834,435 shares of the construction company’s stock, valued at approximately $1,476,939,000.

A number of other institutional investors have also recently modified their holdings of CRH. JFS Wealth Advisors LLC lifted its stake in CRH by 12.1% in the 4th quarter. JFS Wealth Advisors LLC now owns 794 shares of the construction company’s stock valued at $99,000 after buying an additional 86 shares in the last quarter. PDS Planning Inc lifted its stake in CRH by 2.3% in the 4th quarter. PDS Planning Inc now owns 4,000 shares of the construction company’s stock valued at $499,000 after buying an additional 89 shares in the last quarter. UMB Bank n.a. lifted its stake in CRH by 34.8% in the 3rd quarter. UMB Bank n.a. now owns 356 shares of the construction company’s stock valued at $43,000 after buying an additional 92 shares in the last quarter. Crossmark Global Holdings Inc. lifted its stake in CRH by 2.4% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 4,126 shares of the construction company’s stock valued at $495,000 after buying an additional 96 shares in the last quarter. Finally, Harbor Investment Advisory LLC lifted its stake in CRH by 87.6% in the 4th quarter. Harbor Investment Advisory LLC now owns 212 shares of the construction company’s stock valued at $26,000 after buying an additional 99 shares in the last quarter. 62.50% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages recently weighed in on CRH. Morgan Stanley reaffirmed an “overweight” rating and issued a $139.00 price target on shares of CRH in a research note on Wednesday, April 15th. JPMorgan Chase & Co. increased their price objective on shares of CRH from $135.00 to $140.00 and gave the company an “overweight” rating in a report on Tuesday, March 3rd. DA Davidson set a $120.00 price objective on shares of CRH in a report on Friday, February 20th. Weiss Ratings downgraded shares of CRH from a “buy (b)” rating to a “hold (c+)” rating in a report on Monday, May 4th. Finally, Wells Fargo & Company increased their price objective on shares of CRH from $133.00 to $135.00 and gave the company an “equal weight” rating in a report on Friday, February 20th. Two research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, CRH presently has a consensus rating of “Moderate Buy” and a consensus target price of $139.54.

CRH Trading Up 2.0%

CRH stock opened at $108.91 on Friday. The firm has a 50-day moving average of $109.31 and a two-hundred day moving average of $116.40. The company has a market cap of $72.77 billion, a price-to-earnings ratio of 20.17, a PEG ratio of 1.86 and a beta of 1.36. Crh Plc has a 12 month low of $86.82 and a 12 month high of $131.55.

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

CRH Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 17th. Stockholders of record on Friday, May 15th will be issued a dividend of $0.39 per share. The ex-dividend date is 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 (DPR) is currently 28.89%.

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.