Vontobel Holding Ltd. Decreases Stock Holdings in Crh Plc $CRH

Vontobel Holding Ltd. reduced its position in shares of Crh Plc (NYSE:CRH) by 13.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,041,128 shares of the construction company’s stock after selling 312,534 shares during the period. Vontobel Holding Ltd. owned about 0.30% of CRH worth $254,733,000 at the end of the most recent reporting period.

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

CRH Stock Performance

NYSE CRH opened at $106.41 on Friday. The firm’s fifty day moving average is $109.55 and its two-hundred day moving average is $115.98. Crh Plc has a one year low of $86.82 and a one year high of $131.55. The firm has a market cap of $71.11 billion, a PE ratio of 19.71, a P/E/G ratio of 1.82 and a beta of 1.31.

CRH (NYSE:CRH) last announced 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 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. Research analysts predict that Crh Plc will post 5.92 earnings per share for the current year.

CRH Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 17th. Stockholders of record on Friday, May 15th will be issued a $0.39 dividend. This represents a $1.56 dividend on an annualized basis 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%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. JPMorgan Chase & Co. lifted their price objective 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 price target 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 report on Monday, May 4th. Morgan Stanley reissued an “overweight” rating and issued a $139.00 price target on shares of CRH in a research report on Wednesday, April 15th. Finally, 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 report on Friday, February 20th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, CRH currently has a consensus rating of “Moderate Buy” and an average price target of $139.54.

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.