Evelyn Partners Investment Management Europe Ltd Lowers Holdings in Crh Plc $CRH

Evelyn Partners Investment Management Europe Ltd trimmed its stake in Crh Plc (NYSE:CRH) by 2.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 226,850 shares of the construction company’s stock after selling 6,054 shares during the period. CRH comprises about 9.2% of Evelyn Partners Investment Management Europe Ltd’s investment portfolio, making the stock its largest position. Evelyn Partners Investment Management Europe Ltd’s holdings in CRH were worth $28,311,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently bought and sold shares of CRH. Board of the Pension Protection Fund bought a new stake in CRH in the fourth quarter valued at $25,000. Harbor Investment Advisory LLC grew its position in CRH by 87.6% in the fourth quarter. Harbor Investment Advisory LLC now owns 212 shares of the construction company’s stock valued at $26,000 after acquiring an additional 99 shares during the period. Flagship Harbor Advisors LLC bought a new stake in CRH in the fourth quarter valued at $26,000. Riggs Asset Managment Co. Inc. grew its position 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 valued at $30,000 after acquiring an additional 312 shares during the period. Finally, Elyxium Wealth LLC bought a new stake in CRH in the fourth quarter valued at $37,000. 62.50% of the stock is currently owned by institutional investors.

CRH Stock Performance

Shares of CRH stock opened at $106.41 on Friday. The stock’s fifty day moving average is $109.55 and its 200-day moving average is $115.98. The stock has a market capitalization of $71.11 billion, a PE ratio of 19.71, a PEG ratio of 1.85 and a beta of 1.31. Crh Plc has a 52 week low of $86.82 and a 52 week high of $131.55.

CRH (NYSE:CRH) last announced its earnings results on Thursday, April 30th. The construction company reported ($0.20) EPS for the quarter, topping the consensus estimate of ($0.22) by $0.02. CRH had a return on equity of 15.37% and a net margin of 9.65%.The company had revenue of $7.37 billion for the quarter, compared to analysts’ expectations of $7.07 billion. The company’s 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, analysts forecast that Crh Plc will post 5.92 earnings per share for the current fiscal 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 paid a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend is Friday, May 15th. CRH’s dividend payout ratio is 28.89%.

Analysts Set New Price Targets

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

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.