Deutsche Bank AG Lowers Stock Position in Crh Plc $CRH

Deutsche Bank AG lessened its holdings in Crh Plc (NYSE:CRH) by 18.5% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 4,747,271 shares of the construction company’s stock after selling 1,080,513 shares during the period. Deutsche Bank AG’s holdings in CRH were worth $592,459,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of CRH. Vanguard Group Inc. lifted its position in shares of CRH by 22.7% in the 4th quarter. Vanguard Group Inc. now owns 79,117,664 shares of the construction company’s stock worth $9,873,884,000 after purchasing an additional 14,623,673 shares during the period. Norges Bank purchased a new stake in shares of CRH in the 4th quarter worth approximately $1,476,939,000. Geode Capital Management LLC lifted its position 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 during the period. Artisan Partners Limited Partnership purchased a new stake in shares of CRH in the 3rd quarter worth approximately $295,798,000. Finally, National Pension Service purchased a new stake in shares of CRH in the 4th quarter worth approximately $258,172,000. Hedge funds and other institutional investors own 62.50% of the company’s stock.

CRH Trading Up 2.1%

Shares of CRH stock opened at $103.71 on Wednesday. Crh Plc has a 12-month low of $86.82 and a 12-month high of $131.55. The firm has a market capitalization of $69.30 billion, a price-to-earnings ratio of 19.20, a PEG ratio of 1.77 and a beta of 1.31. The firm’s 50 day simple moving average is $109.58 and its two-hundred day simple moving average is $116.14.

CRH (NYSE:CRH) last issued its quarterly earnings results on Thursday, April 30th. The construction company reported ($0.20) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.22) by $0.02. CRH had a net margin of 9.65% and a return on equity of 15.37%. The business had revenue of $7.37 billion for the quarter, compared to analyst estimates 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. On average, sell-side analysts predict that Crh Plc will post 5.92 EPS for the current fiscal year.

CRH Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 17th. Shareholders of record on Friday, May 15th will be paid 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 yield of 1.5%. CRH’s dividend payout ratio is presently 28.89%.

Analyst Upgrades and Downgrades

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