Center for Wealth Management Advisory Makes New Investment in Crh Plc $CRH

Center for Wealth Management Advisory purchased a new position in Crh Plc (NYSE:CRH) in the first quarter, Holdings Channel reports. The institutional investor purchased 12,747 shares of the construction company’s stock, valued at approximately $1,340,000.

Several other hedge funds also recently made changes to their positions in the stock. Root Financial Partners LLC raised its stake in shares of CRH by 42.2% during the 1st quarter. Root Financial Partners LLC now owns 1,436 shares of the construction company’s stock valued at $151,000 after purchasing an additional 426 shares during the period. Essex Financial Services Inc. boosted its stake in CRH by 8.2% in the 1st quarter. Essex Financial Services Inc. now owns 6,113 shares of the construction company’s stock worth $643,000 after purchasing an additional 463 shares during the period. Fulton Bank N.A. grew its holdings in CRH by 5.5% during the 1st quarter. Fulton Bank N.A. now owns 10,280 shares of the construction company’s stock valued at $1,081,000 after buying an additional 533 shares in the last quarter. USS Investment Management Ltd grew its holdings in CRH by 3.2% during the 1st quarter. USS Investment Management Ltd now owns 114,934 shares of the construction company’s stock valued at $12,084,000 after buying an additional 3,563 shares in the last quarter. Finally, IFM Investors Pty Ltd increased its position in shares of CRH by 5.4% during the first quarter. IFM Investors Pty Ltd now owns 134,032 shares of the construction company’s stock valued at $14,089,000 after buying an additional 6,863 shares during the period. 62.50% of the stock is currently owned by hedge funds and other institutional investors.

CRH Stock Down 1.7%

Shares of NYSE CRH opened at $105.15 on Thursday. The firm has a market capitalization of $70.26 billion, a P/E ratio of 19.47, a P/E/G ratio of 1.86 and a beta of 1.32. The stock’s 50-day simple moving average is $108.86 and its two-hundred day simple moving average is $114.99. Crh Plc has a twelve month low of $91.22 and a twelve month high of $131.55.

CRH (NYSE:CRH) last released its quarterly earnings results on Thursday, April 30th. The construction company reported ($0.20) earnings per share for the quarter, beating the consensus estimate of ($0.22) by $0.02. The firm had revenue of $7.37 billion for the quarter, compared to analysts’ expectations of $7.07 billion. CRH had a return on equity of 15.37% and a net margin of 9.65%.The business’s revenue was up 9.1% on a year-over-year basis. CRH has set its FY 2026 guidance at 5.600-6.050 EPS. As a group, research analysts anticipate that Crh Plc will post 5.92 EPS for the current fiscal year.

CRH Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 17th. Investors of record on Friday, May 15th were paid a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend was Friday, May 15th. CRH’s dividend payout ratio (DPR) is currently 28.89%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on CRH. Sanford C. Bernstein reissued an “outperform” rating on shares of CRH in a report on Tuesday, June 23rd. Morgan Stanley reaffirmed an “overweight” rating and set a $139.00 price objective on shares of CRH in a research note on Wednesday, April 15th. Weiss Ratings lowered shares of CRH from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, June 18th. Finally, Jefferies Financial Group increased their target price on shares of CRH from $149.00 to $165.60 and gave the stock a “buy” rating in a research note on Friday, June 26th. Two research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $141.40.

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.