Resona Asset Management Co. Ltd. Reduces Stock Position in Crh Plc $CRH

Resona Asset Management Co. Ltd. cut its stake in Crh Plc (NYSE:CRH) by 6.8% in the fourth quarter, Holdings Channel.com reports. The firm owned 172,535 shares of the construction company’s stock after selling 12,687 shares during the quarter. Resona Asset Management Co. Ltd.’s holdings in CRH were worth $21,532,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Board of the Pension Protection Fund purchased a new stake in shares of CRH in the fourth quarter valued at approximately $25,000. Flagship Harbor Advisors LLC purchased a new stake in shares of CRH in the fourth quarter valued at approximately $26,000. Harbor Investment Advisory LLC grew its position in CRH by 87.6% in the fourth quarter. Harbor Investment Advisory LLC now owns 212 shares of the construction company’s stock worth $26,000 after acquiring an additional 99 shares during the period. United Community Bank grew its position in CRH by 359.6% in the third quarter. United Community Bank now owns 239 shares of the construction company’s stock worth $29,000 after acquiring an additional 187 shares during the period. Finally, Cornerstone Planning Group LLC grew its position in CRH by 139.3% in the third quarter. Cornerstone Planning Group LLC now owns 268 shares of the construction company’s stock worth $31,000 after acquiring an additional 156 shares during the period. 62.50% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on CRH. BNP Paribas Exane upgraded CRH to a “strong-buy” rating in a research report on Friday, January 23rd. DA Davidson set a $120.00 price objective on CRH in a research report on Friday, February 20th. Morgan Stanley reiterated an “overweight” rating and issued a $139.00 price objective on shares of CRH in a research report on Wednesday, April 15th. Weiss Ratings lowered CRH from a “buy (b)” rating to a “hold (c+)” rating in a research report on Monday, May 4th. Finally, JPMorgan Chase & Co. increased their price objective on CRH from $135.00 to $140.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 3rd. 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 company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $139.54.

CRH Stock Down 4.7%

CRH opened at $98.53 on Wednesday. Crh Plc has a 52 week low of $86.82 and a 52 week high of $131.55. The business has a fifty day simple moving average of $109.27 and a 200-day simple moving average of $117.13. The firm has a market cap of $65.84 billion, a P/E ratio of 18.25, a P/E/G ratio of 1.80 and a beta of 1.36.

CRH (NYSE:CRH) last released its quarterly earnings results on Thursday, April 30th. The construction company reported ($0.20) EPS for the quarter, topping the consensus estimate of ($0.22) by $0.02. The business had revenue of $7.37 billion during the quarter, compared to analyst estimates of $7.07 billion. CRH had a return on equity of 15.37% and a net margin of 9.65%.The firm’s quarterly revenue was up 9.1% on a year-over-year basis. CRH has set its FY 2026 guidance at 5.600-6.050 EPS. Sell-side analysts expect that Crh Plc will post 5.91 earnings per share for the current year.

CRH Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 17th. Stockholders of record on Friday, May 15th will be paid a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 1.6%. The ex-dividend date is Friday, May 15th. CRH’s dividend payout ratio (DPR) is presently 28.89%.

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.