Czech National Bank Acquires 7,650 Shares of Crh Plc $CRH

Czech National Bank raised its holdings in shares of Crh Plc (NYSE:CRH) by 4.2% during the second quarter, according to its most recent filing with the SEC. The firm owned 190,195 shares of the construction company’s stock after purchasing an additional 7,650 shares during the period. Czech National Bank’s holdings in CRH were worth $20,351,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. Apella Capital LLC lifted its position in shares of CRH by 6.5% in the 2nd quarter. Apella Capital LLC now owns 3,827 shares of the construction company’s stock worth $406,000 after purchasing an additional 234 shares during the period. Manitou Investment Management Ltd. lifted its holdings in CRH by 906.6% during the second quarter. Manitou Investment Management Ltd. now owns 153,577 shares of the construction company’s stock worth $16,433,000 after buying an additional 138,320 shares during the period. GAMMA Investing LLC lifted its holdings in CRH by 28.1% during the second quarter. GAMMA Investing LLC now owns 5,738 shares of the construction company’s stock worth $614,000 after buying an additional 1,257 shares during the period. Canandaigua National Bank & Trust Co. bought a new stake in CRH during the 2nd quarter valued at $688,000. Finally, Versant Capital Management Inc boosted its position in CRH by 11.9% during the 2nd quarter. Versant Capital Management Inc now owns 5,904 shares of the construction company’s stock valued at $632,000 after acquiring an additional 629 shares in the last quarter. Institutional investors own 62.50% of the company’s stock.

CRH Trading Up 3.1%

Shares of CRH stock opened at $100.66 on Friday. The business’s fifty day simple moving average is $104.68 and its 200-day simple moving average is $110.45. The company has a market cap of $66.97 billion, a PE ratio of 17.75, a PEG ratio of 1.73 and a beta of 1.34. Crh Plc has a 12-month low of $94.11 and a 12-month high of $131.55.

CRH (NYSE:CRH) last posted its quarterly earnings data on Thursday, July 30th. The construction company reported $2.21 earnings per share for the quarter, topping analysts’ consensus estimates of $2.02 by $0.19. CRH had a return on equity of 15.76% and a net margin of 9.93%.The firm had revenue of $10.78 billion during the quarter, compared to analysts’ expectations of $10.68 billion. During the same quarter last year, the firm earned $1.94 EPS. The business’s quarterly revenue was up 5.6% on a year-over-year basis. CRH has set its FY 2026 guidance at 5.600-6.050 EPS. On average, equities analysts forecast that Crh Plc will post 5.8 earnings per share for the current year.

CRH Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 16th. Shareholders of record on Friday, August 14th will be issued a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend is Friday, August 14th. CRH’s dividend payout ratio (DPR) is currently 27.51%.

Analysts Set New Price Targets

Several research firms have recently commented on CRH. Morgan Stanley reissued an “overweight” rating and issued a $139.00 price target on shares of CRH in a research report on Wednesday, April 15th. Truist Financial dropped their price objective on CRH from $140.00 to $130.00 and set a “buy” rating on the stock in a research report on Friday, July 31st. Sanford C. Bernstein reiterated an “outperform” rating on shares of CRH in a research note on Tuesday, June 23rd. Jefferies Financial Group boosted their target price on shares of CRH from $149.00 to $165.60 and gave the stock a “buy” rating in a report on Friday, June 26th. Finally, Weiss Ratings raised shares of CRH from a “hold (c)” rating to a “buy (b-)” rating in a research report on Friday, July 31st. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, CRH has a consensus rating of “Buy” and a consensus price target of $139.44.

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.