Canandaigua National Bank & Trust Co. Takes Position in Crh Plc $CRH

Canandaigua National Bank & Trust Co. bought a new stake in shares of Crh Plc (NYSE:CRH) in the 2nd quarter, HoldingsChannel reports. The fund bought 6,429 shares of the construction company’s stock, valued at approximately $688,000.

Other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in shares of CRH by 22.7% during the 4th quarter. Vanguard Group Inc. now owns 79,117,664 shares of the construction company’s stock valued at $9,873,884,000 after buying an additional 14,623,673 shares during the last quarter. State Street Corp raised its stake in CRH by 81.3% in the 4th quarter. State Street Corp now owns 24,895,205 shares of the construction company’s stock valued at $3,106,927,000 after acquiring an additional 11,167,189 shares during the period. Geode Capital Management LLC lifted its holdings in CRH by 67.3% during the fourth quarter. Geode Capital Management LLC now owns 14,709,575 shares of the construction company’s stock valued at $1,827,252,000 after purchasing an additional 5,916,930 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in CRH by 0.6% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 12,439,954 shares of the construction company’s stock valued at $1,552,506,000 after purchasing an additional 78,769 shares during the last quarter. Finally, Norges Bank bought a new position in CRH during the fourth quarter worth about $1,476,939,000. Hedge funds and other institutional investors own 62.50% of the company’s stock.

CRH Stock Up 1.3%

CRH stock opened at $100.08 on Thursday. The business has a 50-day simple moving average of $105.03 and a 200 day simple moving average of $110.69. Crh Plc has a 52 week low of $94.11 and a 52 week high of $131.55. The stock has a market cap of $66.88 billion, a price-to-earnings ratio of 17.65, a PEG ratio of 1.76 and a beta of 1.34.

CRH (NYSE:CRH) last issued its quarterly earnings results on Thursday, July 30th. The construction company reported $2.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.02 by $0.19. The firm had revenue of $10.78 billion during the quarter, compared to the consensus estimate of $10.68 billion. CRH had a return on equity of 15.76% and a net margin of 9.93%.The company’s revenue for the quarter was up 5.6% on a year-over-year basis. During the same quarter last year, the company posted $1.94 EPS. CRH has set its FY 2026 guidance at 5.600-6.050 EPS. On average, research analysts anticipate that Crh Plc will post 5.8 earnings per share for the current year.

CRH Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 16th. Stockholders of record on Friday, August 14th will be issued a $0.39 dividend. The ex-dividend date of this dividend is Friday, August 14th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 1.6%. CRH’s dividend payout ratio is presently 27.51%.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. Weiss Ratings raised shares of CRH from a “hold (c)” rating to a “buy (b-)” rating in a research report on Friday, July 31st. Truist Financial lowered their target price on shares of CRH from $140.00 to $130.00 and set a “buy” rating on the stock in a report on Friday, July 31st. Sanford C. Bernstein restated an “outperform” rating on shares of CRH in a research report on Tuesday, June 23rd. Morgan Stanley reaffirmed an “overweight” rating and issued a $139.00 price target on shares of CRH in a report on Wednesday, April 15th. Finally, Stephens dropped their price objective on CRH from $135.00 to $125.00 and set an “overweight” rating on the stock in a report on Friday, July 31st. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, CRH presently has a consensus rating of “Buy” and a consensus target price of $139.44.

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.