Crh Plc $CRH Shares Sold by Border to Coast Pensions Partnership Ltd

Border to Coast Pensions Partnership Ltd lowered its holdings in shares of Crh Plc (NYSE:CRH) by 19.0% during the first quarter, HoldingsChannel.com reports. The firm owned 295,498 shares of the construction company’s stock after selling 69,401 shares during the period. Border to Coast Pensions Partnership Ltd’s holdings in CRH were worth $31,158,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. BNP Paribas Financial Markets lifted its holdings in CRH by 28.1% during the third quarter. BNP Paribas Financial Markets now owns 1,007,042 shares of the construction company’s stock valued at $120,744,000 after purchasing an additional 221,107 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its position in shares of CRH by 680.6% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 119,237 shares of the construction company’s stock valued at $14,881,000 after purchasing an additional 103,962 shares during the period. Pacific Capital Partners Ltd increased its stake in shares of CRH by 47.1% during the fourth quarter. Pacific Capital Partners Ltd now owns 43,750 shares of the construction company’s stock worth $5,460,000 after purchasing an additional 14,000 shares in the last quarter. Lansdowne Partners UK LLP increased its stake in shares of CRH by 23.4% during the third quarter. Lansdowne Partners UK LLP now owns 648,129 shares of the construction company’s stock worth $77,711,000 after purchasing an additional 122,915 shares in the last quarter. Finally, Principal Financial Group Inc. raised its position in shares of CRH by 33.2% during the 4th quarter. Principal Financial Group Inc. now owns 3,021,734 shares of the construction company’s stock worth $377,112,000 after purchasing an additional 752,463 shares during the last quarter. 62.50% of the stock is owned by institutional investors and hedge funds.

CRH Trading Down 0.3%

NYSE:CRH opened at $112.68 on Friday. The company has a market cap of $75.29 billion, a P/E ratio of 20.87, a P/E/G ratio of 1.95 and a beta of 1.31. Crh Plc has a twelve month low of $89.63 and a twelve month high of $131.55. The company’s 50-day moving average price is $109.44 and its 200-day moving average price is $115.46.

CRH (NYSE:CRH) last announced its quarterly earnings data on Thursday, April 30th. The construction company reported ($0.20) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.22) by $0.02. The company had revenue of $7.37 billion during 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 quarterly revenue was up 9.1% on a year-over-year basis. CRH has set its FY 2026 guidance at 5.600-6.050 EPS. On average, analysts expect that Crh Plc will post 5.92 earnings per share for the current year.

CRH Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 17th. Stockholders of record on Friday, May 15th were issued a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 1.4%. The ex-dividend date was Friday, May 15th. CRH’s payout ratio is currently 28.89%.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. JPMorgan Chase & Co. raised their price target on shares of CRH from $135.00 to $140.00 and gave the company an “overweight” rating in a research note on Tuesday, March 3rd. Jefferies Financial Group boosted their price objective on CRH from $149.00 to $165.60 and gave the stock a “buy” rating in a research note on Friday. Sanford C. Bernstein reissued an “outperform” rating on shares of CRH in a report on Tuesday. Morgan Stanley restated an “overweight” rating and issued a $139.00 target price on shares of CRH in a research report on Wednesday, April 15th. Finally, Weiss Ratings lowered CRH from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, June 18th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, CRH has a consensus rating of “Moderate Buy” and a consensus target price of $141.40.

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.