ING Groep NV Cuts Stock Position in Crh Plc $CRH

ING Groep NV lowered its stake in Crh Plc (NYSE:CRH) by 67.7% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 178,164 shares of the construction company’s stock after selling 373,236 shares during the quarter. ING Groep NV’s holdings in CRH were worth $22,235,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Board of the Pension Protection Fund purchased a new stake in shares of CRH in the 4th quarter worth approximately $25,000. Harbor Investment Advisory LLC grew its stake in shares of CRH by 87.6% in the 4th quarter. Harbor Investment Advisory LLC now owns 212 shares of the construction company’s stock worth $26,000 after buying an additional 99 shares during the last quarter. Flagship Harbor Advisors LLC purchased a new stake in shares of CRH in the 4th quarter worth approximately $26,000. Riggs Asset Managment Co. Inc. grew its stake in shares of CRH by 1,835.3% in the 2nd quarter. Riggs Asset Managment Co. Inc. now owns 329 shares of the construction company’s stock worth $30,000 after buying an additional 312 shares during the last quarter. Finally, Elyxium Wealth LLC purchased a new stake in shares of CRH in the 4th quarter worth approximately $37,000. Hedge funds and other institutional investors own 62.50% of the company’s stock.

Analyst Upgrades and Downgrades

CRH has been the topic of several analyst reports. JPMorgan Chase & Co. upped their price objective on CRH from $135.00 to $140.00 and gave the company an “overweight” rating in a research report on Tuesday, March 3rd. Weiss Ratings cut CRH from a “buy (b)” rating to a “hold (c+)” rating in a research report on Monday, May 4th. Morgan Stanley reaffirmed an “overweight” rating and issued a $139.00 price objective on shares of CRH in a research report on Wednesday, April 15th. Wells Fargo & Company upped their price objective on CRH from $133.00 to $135.00 and gave the company an “equal weight” rating in a research report on Friday, February 20th. Finally, DA Davidson set a $120.00 price objective on CRH in a research report on Friday, February 20th. Two equities 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 stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $139.54.

CRH Trading Up 0.0%

CRH stock opened at $105.10 on Monday. The stock has a market capitalization of $70.23 billion, a PE ratio of 19.46, a price-to-earnings-growth ratio of 1.83 and a beta of 1.31. Crh Plc has a 12-month low of $86.82 and a 12-month high of $131.55. The stock’s 50 day simple moving average is $109.57 and its 200 day simple moving average is $116.24.

CRH (NYSE:CRH) last released its quarterly earnings data 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. The business had revenue of $7.37 billion for the quarter, compared to analysts’ expectations of $7.07 billion. CRH had a return on equity of 15.37% and a net margin of 9.65%.CRH’s revenue for the quarter was up 9.1% compared to the same quarter last year. CRH has set its FY 2026 guidance at 5.600-6.050 EPS. On average, research analysts predict that Crh Plc will post 5.92 earnings per share for the current year.

CRH Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 17th. Stockholders of record on Friday, May 15th will be issued a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend 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.