Saturna Capital Corp Buys 62,583 Shares of Crh Plc $CRH

Saturna Capital Corp boosted its stake in shares of Crh Plc (NYSE:CRH) by 55.9% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 174,605 shares of the construction company’s stock after purchasing an additional 62,583 shares during the quarter. Saturna Capital Corp’s holdings in CRH were worth $21,791,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CRH. Cibc World Market Inc. grew its stake in shares of CRH by 36.2% in the third quarter. Cibc World Market Inc. now owns 56,390 shares of the construction company’s stock worth $6,761,000 after acquiring an additional 14,985 shares during the last quarter. ING Groep NV raised its stake in CRH by 111.1% during the 3rd quarter. ING Groep NV now owns 551,400 shares of the construction company’s stock valued at $66,113,000 after purchasing an additional 290,200 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its stake in CRH by 680.6% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 119,237 shares of the construction company’s stock valued at $14,881,000 after purchasing an additional 103,962 shares during the last quarter. TD Asset Management Inc boosted its holdings in CRH by 41.0% in the 3rd quarter. TD Asset Management Inc now owns 2,758,784 shares of the construction company’s stock valued at $330,778,000 after purchasing an additional 802,156 shares during the period. Finally, BNP Paribas Financial Markets grew its position in CRH by 28.1% in the 3rd quarter. BNP Paribas Financial Markets now owns 1,007,042 shares of the construction company’s stock worth $120,744,000 after purchasing an additional 221,107 shares during the last quarter. Institutional investors and hedge funds own 62.50% of the company’s stock.

Analyst Upgrades and Downgrades

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

CRH Price Performance

CRH stock opened at $100.17 on Thursday. The business has a fifty day moving average price of $109.55 and a 200 day moving average price of $116.08. Crh Plc has a fifty-two week low of $86.82 and a fifty-two week high of $131.55. The stock has a market capitalization of $66.93 billion, a price-to-earnings ratio of 18.55, a P/E/G ratio of 1.80 and a beta of 1.31.

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

CRH Announces Dividend

The business also recently declared 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 is Friday, May 15th. This represents a $1.56 annualized dividend and a yield of 1.6%. CRH’s dividend payout ratio is 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.