Neuberger Berman Group LLC Decreases Holdings in Crh Plc $CRH

Neuberger Berman Group LLC reduced its holdings in shares of Crh Plc (NYSE:CRH) by 11.0% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,565,915 shares of the construction company’s stock after selling 193,008 shares during the quarter. Neuberger Berman Group LLC’s holdings in CRH were worth $187,752,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in CRH. United Community Bank raised its position in shares of CRH by 359.6% during the 3rd quarter. United Community Bank now owns 239 shares of the construction company’s stock worth $29,000 after acquiring an additional 187 shares in the last quarter. Riggs Asset Managment Co. Inc. lifted its stake in CRH by 1,835.3% during the second quarter. Riggs Asset Managment Co. Inc. now owns 329 shares of the construction company’s stock worth $30,000 after purchasing an additional 312 shares during the last quarter. Cornerstone Planning Group LLC boosted its holdings in CRH by 139.3% in the third quarter. Cornerstone Planning Group LLC now owns 268 shares of the construction company’s stock valued at $31,000 after purchasing an additional 156 shares in the last quarter. Salomon & Ludwin LLC purchased a new position in CRH in the third quarter valued at approximately $32,000. Finally, Physician Wealth Advisors Inc. increased its stake in CRH by 60.6% in the third quarter. Physician Wealth Advisors Inc. now owns 350 shares of the construction company’s stock valued at $42,000 after purchasing an additional 132 shares during the last quarter. Hedge funds and other institutional investors own 62.50% of the company’s stock.

CRH Stock Down 4.3%

Shares of CRH stock opened at $106.36 on Friday. The stock’s 50-day moving average price is $123.21 and its 200 day moving average price is $119.13. The stock has a market capitalization of $71.07 billion, a PE ratio of 19.27, a price-to-earnings-growth ratio of 1.94 and a beta of 1.33. Crh Plc has a 52-week low of $76.75 and a 52-week high of $131.55.

CRH (NYSE:CRH) last posted its quarterly earnings data on Wednesday, February 18th. The construction company reported $1.52 earnings per share for the quarter, missing analysts’ consensus estimates of $2.20 by ($0.68). CRH had a return on equity of 15.98% and a net margin of 10.02%.The company had revenue of $5.42 billion for the quarter, compared to analyst estimates of $11.15 billion. During the same period in the previous year, the business posted $1.02 earnings per share. The firm’s revenue was up 6.2% compared to the same quarter last year. CRH has set its FY 2026 guidance at 5.600-6.050 EPS. Analysts expect that Crh Plc will post 5.47 earnings per share for the current fiscal year.

CRH Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 8th. Investors of record on Friday, March 6th will be issued a dividend of $0.39 per share. This is a boost from CRH’s previous quarterly dividend of $0.37. This represents a $1.56 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend is Friday, March 6th. CRH’s dividend payout ratio is 20.11%.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Wells Fargo & Company boosted their price objective 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. BNP Paribas Exane raised shares of CRH to a “strong-buy” rating in a research report on Friday, January 23rd. JPMorgan Chase & Co. lifted their price target on shares of CRH from $135.00 to $140.00 and gave the stock an “overweight” rating in a research note on Tuesday. Citigroup boosted their price target on shares of CRH from $142.00 to $155.00 and gave the company a “buy” rating in a research report on Thursday, January 8th. Finally, Royal Bank Of Canada decreased their price objective on shares of CRH from $152.00 to $150.00 and set an “outperform” rating for the company in a research note on Friday, November 7th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $137.86.

CRH Company 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.