Clearstead Advisors LLC Sells 5,954 Shares of Crh Plc $CRH

Clearstead Advisors LLC reduced its holdings in shares of Crh Plc (NYSE:CRH) by 82.4% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,274 shares of the construction company’s stock after selling 5,954 shares during the quarter. Clearstead Advisors LLC’s holdings in CRH were worth $153,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of the business. Payden & Rygel grew its holdings in shares of CRH by 8.5% in the third quarter. Payden & Rygel now owns 186,900 shares of the construction company’s stock worth $22,409,000 after acquiring an additional 14,600 shares during the period. Lansforsakringar Fondforvaltning AB publ grew its stake in shares of CRH by 21.8% during the 3rd quarter. Lansforsakringar Fondforvaltning AB publ now owns 510,465 shares of the construction company’s stock valued at $61,205,000 after purchasing an additional 91,330 shares during the period. Citigroup Inc. increased its position in shares of CRH by 229.0% during the 3rd quarter. Citigroup Inc. now owns 1,811,126 shares of the construction company’s stock valued at $217,154,000 after purchasing an additional 1,260,558 shares during the last quarter. Raiffeisen Bank International AG lifted its stake in shares of CRH by 10.1% in the 3rd quarter. Raiffeisen Bank International AG now owns 67,333 shares of the construction company’s stock worth $8,073,000 after purchasing an additional 6,151 shares during the period. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management purchased a new position in shares of CRH in the third quarter worth approximately $2,863,000. 62.50% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

CRH has been the subject of several analyst reports. Morgan Stanley upped their price objective on CRH from $131.00 to $140.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 10th. UBS Group upped their price target on CRH from $138.00 to $147.00 and gave the stock a “buy” rating in a research report on Thursday, January 8th. JPMorgan Chase & Co. lifted their price objective on CRH from $130.00 to $135.00 and gave the company an “overweight” rating in a research report on Tuesday, November 11th. Weiss Ratings reissued a “buy (b-)” rating on shares of CRH in a report on Monday, December 22nd. Finally, Longbow Research started coverage on shares of CRH in a report on Tuesday, December 16th. They set a “buy” rating and a $160.00 price target on the stock. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, CRH has an average rating of “Moderate Buy” and an average price target of $137.43.

CRH Trading Down 1.0%

NYSE CRH opened at $119.88 on Friday. Crh Plc has a 12 month low of $76.75 and a 12 month high of $131.55. The stock has a market cap of $80.11 billion, a PE ratio of 21.72, a P/E/G ratio of 2.10 and a beta of 1.33. The stock’s 50 day moving average is $124.71 and its 200 day moving average is $119.17.

CRH (NYSE:CRH) last released 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 net margin of 10.02% and a return on equity of 15.98%. The company had revenue of $5.42 billion for the quarter, compared to the consensus estimate of $11.15 billion. During the same quarter in the previous year, the business earned $1.02 EPS. The company’s quarterly revenue was up 6.2% on a year-over-year basis. CRH has set its FY 2026 guidance at 5.600-6.050 EPS. On average, analysts forecast that Crh Plc will post 5.47 EPS for the current fiscal year.

CRH Increases Dividend

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

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.