Crh Plc $CRH Shares Sold by Banque Transatlantique SA

Banque Transatlantique SA trimmed its holdings in Crh Plc (NYSE:CRH) by 6.8% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 312,436 shares of the construction company’s stock after selling 22,813 shares during the period. CRH accounts for about 0.9% of Banque Transatlantique SA’s holdings, making the stock its 22nd biggest holding. Banque Transatlantique SA’s holdings in CRH were worth $36,777,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. United Community Bank lifted its stake in CRH by 359.6% in the 3rd 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 purchased a new position in CRH during the third quarter worth approximately $32,000. Cornerstone Planning Group LLC boosted its stake in CRH by 139.3% during 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 last quarter. Riggs Asset Managment Co. Inc. grew its holdings in 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 buying an additional 312 shares in the last quarter. Finally, Physician Wealth Advisors Inc. raised its holdings in shares of CRH by 60.6% during the 3rd quarter. Physician Wealth Advisors Inc. now owns 350 shares of the construction company’s stock worth $42,000 after acquiring an additional 132 shares during the period. 62.50% of the stock is owned by hedge funds and other institutional investors.

CRH Price Performance

Shares of NYSE:CRH opened at $99.74 on Friday. Crh Plc has a 1-year low of $76.75 and a 1-year high of $131.55. The stock has a market cap of $66.65 billion, a P/E ratio of 18.07, a P/E/G ratio of 1.74 and a beta of 1.33. The firm has a fifty day moving average price of $120.94 and a 200 day moving average price of $118.83.

CRH (NYSE:CRH) last posted its quarterly earnings data 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 company had revenue of $5.42 billion for the quarter, compared to analysts’ expectations of $11.15 billion. During the same period in the prior 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. Sell-side analysts expect that Crh Plc will post 5.47 EPS for the current fiscal year.

CRH Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 8th. Shareholders of record on Friday, March 6th will be given a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 1.6%. The ex-dividend date is Friday, March 6th. This is a positive change from CRH’s previous quarterly dividend of $0.37. CRH’s payout ratio is presently 28.26%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on CRH. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of CRH in a report on Monday, December 8th. UBS Group boosted their target price on shares of CRH from $138.00 to $147.00 and gave the company a “buy” rating in a report on Thursday, January 8th. Wells Fargo & Company lifted their price target on shares of CRH from $133.00 to $135.00 and gave the company an “equal weight” rating in a research report on Friday, February 20th. JPMorgan Chase & Co. raised their target price on CRH from $135.00 to $140.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 3rd. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of CRH in a report on Monday, December 22nd. Two equities research 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. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $137.86.

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.