Crh Plc $CRH Shares Purchased by Handelsbanken Fonder AB

Handelsbanken Fonder AB increased its holdings in Crh Plc (NYSE:CRH) by 13.0% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 332,198 shares of the construction company’s stock after acquiring an additional 38,141 shares during the period. Handelsbanken Fonder AB’s holdings in CRH were worth $35,545,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake 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 valued at $9,873,884,000 after purchasing an additional 14,623,673 shares during the last quarter. State Street Corp increased its position in shares of CRH by 81.3% during the 4th quarter. State Street Corp now owns 24,895,205 shares of the construction company’s stock worth $3,106,927,000 after purchasing an additional 11,167,189 shares during the last quarter. Geode Capital Management LLC increased its position in shares of CRH by 67.3% during 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 last quarter. Norges Bank purchased a new stake in CRH in the 4th quarter valued at about $1,476,939,000. Finally, Royal Bank of Canada lifted its position in CRH by 2.5% in the fourth quarter. Royal Bank of Canada now owns 10,808,439 shares of the construction company’s stock valued at $1,348,894,000 after buying an additional 262,175 shares during the last quarter. Institutional investors and hedge funds own 62.50% of the company’s stock.

CRH Price Performance

NYSE CRH opened at $101.14 on Wednesday. The company has a market cap of $67.29 billion, a P/E ratio of 17.84, a P/E/G ratio of 1.79 and a beta of 1.34. The stock has a 50-day moving average of $104.45 and a two-hundred day moving average of $110.07. Crh Plc has a 1-year low of $94.11 and a 1-year high of $131.55.

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

CRH Announces Dividend

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 given 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%.

Wall Street Analysts Forecast Growth

CRH has been the subject of several research analyst reports. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of CRH in a research note on Tuesday, June 23rd. Stephens decreased their price objective on shares of CRH from $135.00 to $125.00 and set an “overweight” rating on the stock in a report on Friday, July 31st. Weiss Ratings raised shares of CRH from a “hold (c)” rating to a “buy (b-)” rating in a research report on Friday, July 31st. Jefferies Financial Group lifted their target price on shares of CRH from $149.00 to $165.60 and gave the company a “buy” rating in a report on Friday, June 26th. Finally, Truist Financial cut their target price on CRH from $140.00 to $130.00 and set a “buy” rating on the stock in a research report on Friday, July 31st. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $139.44.

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.