Cibc World Market Inc. Acquires 6,059 Shares of Crh Plc $CRH

Cibc World Market Inc. grew its holdings in Crh Plc (NYSE:CRH) by 10.7% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 62,449 shares of the construction company’s stock after acquiring an additional 6,059 shares during the period. Cibc World Market Inc.’s holdings in CRH were worth $7,794,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Board of the Pension Protection Fund bought a new stake in CRH in the fourth quarter worth approximately $25,000. Flagship Harbor Advisors LLC bought a new stake in CRH in the fourth quarter worth 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 in the last quarter. Elyxium Wealth LLC bought a new stake in CRH in the fourth quarter worth approximately $37,000. Finally, Eastern Bank bought a new stake in CRH in the fourth quarter worth approximately $38,000. 62.50% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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

CRH Trading Down 1.4%

Shares of CRH stock opened at $105.10 on Friday. The firm has a fifty day simple moving average of $109.57 and a 200-day simple moving average of $116.19. Crh Plc has a 1-year low of $86.82 and a 1-year high of $131.55. The stock has a market capitalization of $70.23 billion, a price-to-earnings ratio of 19.46, a PEG ratio of 1.83 and a beta of 1.31.

CRH (NYSE:CRH) last issued its quarterly earnings data on Thursday, April 30th. The construction company reported ($0.20) earnings per share for the quarter, topping analysts’ consensus estimates 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. CRH’s revenue was up 9.1% compared to the same quarter last year. CRH has set its FY 2026 guidance at 5.600-6.050 EPS. As a group, research analysts predict that Crh Plc will post 5.92 earnings per share for the current year.

CRH Announces Dividend

The business also recently announced 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. This represents a $1.56 annualized dividend and a yield of 1.5%. The ex-dividend date is Friday, May 15th. CRH’s dividend payout ratio is presently 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.