TD Asset Management Inc Has $415.38 Million Position in Crh Plc $CRH

TD Asset Management Inc boosted its position in shares of Crh Plc (NYSE:CRH) by 20.6% in the fourth quarter, Holdings Channel reports. The firm owned 3,328,383 shares of the construction company’s stock after purchasing an additional 569,599 shares during the period. TD Asset Management Inc’s holdings in CRH were worth $415,382,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Board of the Pension Protection Fund acquired a new position in CRH during the fourth quarter valued at approximately $25,000. Flagship Harbor Advisors LLC acquired a new position in CRH during the fourth quarter valued at approximately $26,000. Harbor Investment Advisory LLC grew its holdings in CRH by 87.6% during the fourth quarter. Harbor Investment Advisory LLC now owns 212 shares of the construction company’s stock valued at $26,000 after purchasing an additional 99 shares during the period. United Community Bank grew its holdings in CRH by 359.6% during the third quarter. United Community Bank now owns 239 shares of the construction company’s stock valued at $29,000 after purchasing an additional 187 shares during the period. Finally, Cornerstone Planning Group LLC grew its holdings in CRH by 139.3% during the third quarter. Cornerstone Planning Group LLC now owns 268 shares of the construction company’s stock valued at $31,000 after purchasing an additional 156 shares during the period. Institutional investors and hedge funds own 62.50% of the company’s stock.

CRH Trading Down 0.4%

Shares of NYSE CRH opened at $106.06 on Thursday. The firm has a market cap of $70.87 billion, a PE ratio of 19.64, a PEG ratio of 1.85 and a beta of 1.31. The company has a fifty day moving average price of $109.58 and a 200 day moving average price of $116.29. Crh Plc has a 1-year low of $86.82 and a 1-year high of $131.55.

CRH (NYSE:CRH) last issued its quarterly earnings results on Thursday, April 30th. The construction company reported ($0.20) EPS for the quarter, beating analysts’ consensus estimates of ($0.22) by $0.02. The company 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%.CRH’s revenue for the quarter was up 9.1% on a year-over-year basis. CRH has set its FY 2026 guidance at 5.600-6.050 EPS. Equities research analysts forecast that Crh Plc will post 5.92 EPS for the current year.

CRH Announces Dividend

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 $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date is Friday, May 15th. CRH’s payout ratio is 28.89%.

Analysts Set New Price Targets

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

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.