Victory Capital Management Inc. Reduces Holdings in Crh Plc $CRH

Victory Capital Management Inc. reduced its stake in Crh Plc (NYSE:CRH) by 92.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 224,888 shares of the construction company’s stock after selling 2,874,376 shares during the period. Victory Capital Management Inc.’s holdings in CRH were worth $26,964,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Norges Bank purchased a new position in shares of CRH in the second quarter worth $1,007,932,000. Massachusetts Financial Services Co. MA boosted its position in CRH by 24.3% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 12,803,346 shares of the construction company’s stock valued at $1,175,347,000 after buying an additional 2,499,558 shares during the period. Artisan Partners Limited Partnership bought a new stake in CRH in the 3rd quarter worth $295,798,000. Marshall Wace LLP grew its holdings in CRH by 45.3% in the 2nd quarter. Marshall Wace LLP now owns 6,031,903 shares of the construction company’s stock worth $553,729,000 after acquiring an additional 1,881,550 shares during the last quarter. Finally, Citigroup Inc. increased its position in shares of CRH by 229.0% in the third quarter. Citigroup Inc. now owns 1,811,126 shares of the construction company’s stock valued at $217,154,000 after acquiring an additional 1,260,558 shares during the period. Institutional investors own 62.50% of the company’s stock.

CRH Price Performance

CRH stock opened at $106.45 on Tuesday. Crh Plc has a 1 year low of $76.75 and a 1 year high of $131.55. The firm has a 50-day moving average of $122.79 and a 200 day moving average of $119.21. The company has a market cap of $71.13 billion, a P/E ratio of 19.28, a PEG ratio of 1.86 and a beta of 1.33.

CRH (NYSE:CRH) last posted its quarterly earnings data 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). CRH had a net margin of 10.02% and a return on equity of 15.98%. The firm had revenue of $5.42 billion for the quarter, compared to the consensus estimate of $11.15 billion. During the same period in the previous year, the firm posted $1.02 earnings per share. The business’s revenue 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 expect that Crh Plc will post 5.47 earnings per share for the current fiscal year.

CRH Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 8th. Investors of record on Friday, March 6th will be given a dividend of $0.39 per share. This is a boost from CRH’s previous quarterly dividend of $0.37. This represents a $1.56 annualized dividend and a dividend yield of 1.5%. The ex-dividend date is Friday, March 6th. CRH’s dividend payout ratio is presently 28.26%.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of CRH in a report on Monday, December 8th. JPMorgan Chase & Co. upped their price target on CRH from $135.00 to $140.00 and gave the company an “overweight” rating in a research report on Tuesday, March 3rd. Wells Fargo & Company increased their price objective on CRH from $133.00 to $135.00 and gave the stock an “equal weight” rating in a report on Friday, February 20th. Jefferies Financial Group reiterated a “buy” rating on shares of CRH in a research report on Monday, December 1st. Finally, Morgan Stanley boosted their target price on CRH from $140.00 to $141.00 and gave the company an “overweight” rating in a research note on Monday, March 2nd. Two analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $137.86.

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.