MUFG Securities EMEA plc Buys Shares of 27,478 Crh Plc $CRH

MUFG Securities EMEA plc bought a new stake in Crh Plc (NYSE:CRH) in the 4th quarter, HoldingsChannel reports. The fund bought 27,478 shares of the construction company’s stock, valued at approximately $3,429,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in CRH. Board of the Pension Protection Fund purchased a new position in shares of CRH in the fourth quarter worth $25,000. Harbor Investment Advisory LLC increased its holdings in CRH by 87.6% in the fourth quarter. Harbor Investment Advisory LLC now owns 212 shares of the construction company’s stock valued at $26,000 after buying an additional 99 shares in the last quarter. Flagship Harbor Advisors LLC purchased a new position in CRH in the fourth quarter valued at $26,000. United Community Bank increased its holdings in CRH by 359.6% in the third quarter. United Community Bank now owns 239 shares of the construction company’s stock valued at $29,000 after buying an additional 187 shares in the last quarter. Finally, Riggs Asset Managment Co. Inc. grew its position in shares of CRH by 1,835.3% in the second quarter. Riggs Asset Managment Co. Inc. now owns 329 shares of the construction company’s stock valued at $30,000 after purchasing an additional 312 shares during the period. Hedge funds and other institutional investors own 62.50% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on CRH shares. Morgan Stanley restated an “overweight” rating and set a $139.00 price target on shares of CRH in a research report on Wednesday, April 15th. Weiss Ratings downgraded shares of CRH from a “buy (b)” rating to a “hold (c+)” rating in a research note on Monday, May 4th. Wells Fargo & Company boosted their price target on shares of CRH from $133.00 to $135.00 and gave the company an “equal weight” rating in a research note on Friday, February 20th. JPMorgan Chase & Co. upped their target price on shares of CRH from $135.00 to $140.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 3rd. Finally, DA Davidson set a $120.00 target price on shares of CRH in a research note on Friday, February 20th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $139.54.

CRH Stock Down 1.8%

NYSE CRH opened at $106.79 on Tuesday. The firm has a 50 day moving average of $109.43 and a two-hundred day moving average of $116.37. Crh Plc has a 52 week low of $86.82 and a 52 week high of $131.55. The stock has a market capitalization of $71.35 billion, a PE ratio of 19.78, a price-to-earnings-growth ratio of 1.89 and a beta of 1.31.

CRH (NYSE:CRH) last issued its earnings results on Thursday, April 30th. The construction company reported ($0.20) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.22) by $0.02. CRH had a net margin of 9.65% and a return on equity of 15.37%. The business had revenue of $7.37 billion during the quarter, compared to analysts’ expectations of $7.07 billion. The company’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. On average, equities research analysts expect that Crh Plc will post 5.92 earnings per share for the current fiscal year.

CRH Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 17th. Investors of record on Friday, May 15th will be paid a dividend of $0.39 per share. The ex-dividend date is Friday, May 15th. This represents a $1.56 dividend on an annualized basis and a yield of 1.5%. CRH’s dividend payout ratio is currently 28.89%.

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.