American Century Companies Inc. Decreases Holdings in Crh Plc $CRH

American Century Companies Inc. cut its stake in shares of Crh Plc (NYSE:CRH) by 17.1% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,548,709 shares of the construction company’s stock after selling 527,184 shares during the quarter. American Century Companies Inc. owned 0.38% of CRH worth $305,590,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. United Community Bank boosted its stake in shares of CRH by 359.6% during 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 in the last quarter. Salomon & Ludwin LLC purchased a new stake in CRH in the third quarter worth about $32,000. Cornerstone Planning Group LLC lifted its holdings in CRH by 139.3% in the third quarter. Cornerstone Planning Group LLC now owns 268 shares of the construction company’s stock worth $31,000 after buying an additional 156 shares during the period. Creekmur Asset Management LLC bought a new stake in CRH during the 2nd quarter valued at approximately $27,000. Finally, Riggs Asset Managment Co. Inc. grew its holdings 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 acquiring an additional 312 shares during the period. 62.50% of the stock is owned by institutional investors.

CRH Stock Performance

Shares of NYSE:CRH opened at $119.88 on Friday. Crh Plc has a fifty-two week low of $76.75 and a fifty-two week high of $131.55. The firm has a fifty day moving average price of $124.71 and a 200 day moving average price of $119.12. The firm has a market cap of $80.11 billion, a price-to-earnings ratio of 21.72, a P/E/G ratio of 2.12 and a beta of 1.33.

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

CRH Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 8th. Shareholders 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 is an increase from CRH’s previous quarterly dividend of $0.37. This represents a $1.56 annualized dividend and a yield of 1.3%. CRH’s payout ratio is 20.11%.

Analysts Set New Price Targets

A number of analysts have recently commented on CRH shares. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of CRH in a research report on Monday, December 8th. Morgan Stanley boosted their target price on CRH from $131.00 to $140.00 and gave the stock an “overweight” rating in a research 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. Longbow Research began coverage on shares of CRH in a research note on Tuesday, December 16th. They issued a “buy” rating and a $160.00 price target for the company. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of CRH in a report on Monday, December 22nd. Two investment 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 company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $137.43.

About CRH

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.