Citigroup Inc. Boosts Holdings in Crh Plc $CRH

Citigroup Inc. raised its position in Crh Plc (NYSE:CRH) by 229.0% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 1,811,126 shares of the construction company’s stock after acquiring an additional 1,260,558 shares during the period. Citigroup Inc. owned approximately 0.27% of CRH worth $217,154,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. United Community Bank raised its holdings in CRH by 359.6% during the third quarter. United Community Bank now owns 239 shares of the construction company’s stock worth $29,000 after purchasing an additional 187 shares in the last quarter. Salomon & Ludwin LLC acquired a new position in CRH during the 3rd quarter worth approximately $32,000. Cornerstone Planning Group LLC raised its stake in shares of CRH by 139.3% during the 3rd quarter. Cornerstone Planning Group LLC now owns 268 shares of the construction company’s stock worth $31,000 after buying an additional 156 shares in the last quarter. Creekmur Asset Management LLC acquired a new stake in shares of CRH in the 2nd quarter valued at approximately $27,000. Finally, Riggs Asset Managment Co. Inc. boosted its stake in shares of CRH by 1,835.3% in the second quarter. Riggs Asset Managment Co. Inc. now owns 329 shares of the construction company’s stock valued at $30,000 after buying an additional 312 shares in the last quarter. Hedge funds and other institutional investors own 62.50% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on CRH shares. Morgan Stanley raised their target price on CRH from $131.00 to $140.00 and gave the company an “overweight” rating in a report on Wednesday, December 10th. BNP Paribas Exane upgraded shares of CRH to a “strong-buy” rating in a research note on Friday, January 23rd. Weiss Ratings reissued a “buy (b-)” rating on shares of CRH in a report on Monday, December 22nd. Royal Bank Of Canada dropped their target price on shares of CRH from $152.00 to $150.00 and set an “outperform” rating for the company in a report on Friday, November 7th. Finally, JPMorgan Chase & Co. boosted their price target on CRH from $130.00 to $135.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 11th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $136.27.

CRH Trading Down 1.1%

NYSE:CRH opened at $124.07 on Friday. The company has a market capitalization of $83.16 billion, a P/E ratio of 22.48, a price-to-earnings-growth ratio of 1.87 and a beta of 1.33. The firm has a 50-day moving average price of $125.20 and a two-hundred day moving average price of $118.67. Crh Plc has a twelve month low of $76.75 and a twelve month high of $131.55.

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

CRH Increases Dividend

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

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.