SouthState Bank Corp Buys 8,037 Shares of Crh Plc $CRH

SouthState Bank Corp grew its stake in Crh Plc (NYSE:CRH) by 36.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,008 shares of the construction company’s stock after acquiring an additional 8,037 shares during the period. SouthState Bank Corp’s holdings in CRH were worth $3,745,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. Vanguard Group Inc. grew its stake in CRH by 22.7% in the 4th quarter. Vanguard Group Inc. now owns 79,117,664 shares of the construction company’s stock worth $9,873,884,000 after acquiring an additional 14,623,673 shares in the last quarter. Geode Capital Management LLC grew its stake in CRH by 67.3% in 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 acquiring an additional 5,916,930 shares in the last quarter. State Street Corp grew its stake in CRH by 2.9% in the 3rd quarter. State Street Corp now owns 13,728,016 shares of the construction company’s stock worth $1,645,995,000 after acquiring an additional 392,146 shares in the last quarter. Massachusetts Financial Services Co. MA grew its stake in CRH by 0.6% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 12,439,954 shares of the construction company’s stock worth $1,552,506,000 after acquiring an additional 78,769 shares in the last quarter. Finally, Norges Bank purchased a new stake in shares of CRH in the 4th quarter worth approximately $1,476,939,000. 62.50% of the stock is currently owned by institutional investors.

CRH Stock Down 1.4%

NYSE:CRH opened at $105.10 on Friday. Crh Plc has a 52 week low of $86.82 and a 52 week high of $131.55. The firm has a 50 day moving average of $109.57 and a 200 day moving average of $116.19. 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 posted its earnings results on Thursday, April 30th. The construction company reported ($0.20) EPS for the quarter, beating 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 company had revenue of $7.37 billion during the quarter, compared to analysts’ expectations of $7.07 billion. The business’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, analysts expect that Crh Plc will post 5.92 EPS for the current year.

CRH Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 17th. Investors of record on Friday, May 15th will be given a dividend of $0.39 per share. The ex-dividend date of this dividend 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 presently 28.89%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. Wells Fargo & Company upped their price target 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. DA Davidson set a $120.00 price target on shares of CRH in a research report on Friday, February 20th. JPMorgan Chase & Co. upped their price target 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. Morgan Stanley reaffirmed an “overweight” rating and issued a $139.00 price target on shares of CRH in a research report on Wednesday, April 15th. Finally, Weiss Ratings cut shares of CRH from a “buy (b)” rating to a “hold (c+)” rating in a research report on Monday, May 4th. Two research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $139.54.

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.