Armor Advisors L.L.C. Decreases Holdings in Crh Plc $CRH

Armor Advisors L.L.C. reduced its position in shares of Crh Plc (NYSE:CRH) by 7.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 213,349 shares of the construction company’s stock after selling 17,500 shares during the period. CRH makes up approximately 14.3% of Armor Advisors L.L.C.’s investment portfolio, making the stock its biggest position. Armor Advisors L.L.C.’s holdings in CRH were worth $25,581,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. United Community Bank increased its stake in shares of CRH by 359.6% in the 3rd quarter. United Community Bank now owns 239 shares of the construction company’s stock valued at $29,000 after purchasing an additional 187 shares during the last quarter. Salomon & Ludwin LLC acquired a new stake in CRH in the third quarter valued at about $32,000. Cornerstone Planning Group LLC grew its position in CRH by 139.3% in the third quarter. Cornerstone Planning Group LLC now owns 268 shares of the construction company’s stock valued at $31,000 after acquiring an additional 156 shares during the last quarter. Creekmur Asset Management LLC acquired a new position in CRH during the second quarter worth about $27,000. Finally, Riggs Asset Managment Co. Inc. boosted 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 valued at $30,000 after purchasing an additional 312 shares in the last quarter. 62.50% of the stock is currently owned by institutional investors.

CRH Stock Down 1.1%

Shares of NYSE:CRH opened at $124.07 on Friday. The firm has a market cap of $83.16 billion, a P/E ratio of 22.48, a P/E/G ratio of 1.87 and a beta of 1.33. Crh Plc has a 12-month low of $76.75 and a 12-month high of $131.55. The business has a fifty day simple moving average of $125.20 and a 200 day simple moving average of $118.67.

CRH (NYSE:CRH) last issued its quarterly earnings results on Wednesday, February 18th. The construction company reported $1.52 earnings per share for the quarter, missing the consensus estimate of $2.20 by ($0.68). The company had revenue of $5.42 billion during the quarter, compared to analyst estimates of $11.15 billion. CRH had a net margin of 10.02% and a return on equity of 15.98%. The company’s quarterly revenue was up 6.2% on a year-over-year basis. During the same period in the previous year, the company posted $1.02 EPS. CRH has set its FY 2026 guidance at 5.600-6.050 EPS. As a group, equities research analysts expect that Crh Plc will post 5.47 EPS for the current year.

CRH Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 8th. Stockholders of record on Friday, March 6th will be paid a $0.39 dividend. The ex-dividend date of this dividend is Friday, March 6th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 1.3%. This is an increase from CRH’s previous quarterly dividend of $0.37. CRH’s payout ratio is currently 20.11%.

Analyst Upgrades and Downgrades

CRH has been the subject of a number of research analyst reports. DA Davidson set a $120.00 price objective on shares of CRH in a research report on Friday. Weiss Ratings reiterated a “buy (b-)” rating on shares of CRH in a report on Monday, December 22nd. UBS Group raised their price objective on CRH from $138.00 to $147.00 and gave the company a “buy” rating in a report on Thursday, January 8th. Longbow Research initiated coverage on CRH in a research report on Tuesday, December 16th. They set a “buy” rating and a $160.00 price objective on the stock. Finally, Wells Fargo & Company increased their target price on CRH from $133.00 to $135.00 and gave the company an “equal weight” rating in a research report on Friday. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, CRH has a consensus rating of “Moderate Buy” and a consensus price target of $136.27.

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.