Altrinsic Global Advisors LLC Decreases Stock Holdings in Crh Plc $CRH

Altrinsic Global Advisors LLC lessened its stake in Crh Plc (NYSE:CRH) by 10.1% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 808,659 shares of the construction company’s stock after selling 91,014 shares during the quarter. CRH makes up about 3.6% of Altrinsic Global Advisors LLC’s portfolio, making the stock its 11th biggest holding. Altrinsic Global Advisors LLC owned 0.12% of CRH worth $96,958,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in CRH. United Community Bank lifted its holdings in CRH by 359.6% during the third 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. Riggs Asset Managment Co. Inc. increased its stake in shares of CRH by 1,835.3% during the second quarter. Riggs Asset Managment Co. Inc. now owns 329 shares of the construction company’s stock worth $30,000 after purchasing an additional 312 shares in the last quarter. Cornerstone Planning Group LLC increased its stake in shares of 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 purchasing an additional 156 shares in the last quarter. Salomon & Ludwin LLC acquired a new position in shares of CRH during the 3rd quarter worth about $32,000. Finally, Physician Wealth Advisors Inc. raised its position 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 purchasing an additional 132 shares during the last quarter. 62.50% of the stock is currently owned by institutional investors and hedge funds.

CRH Trading Up 0.0%

Shares of NYSE CRH opened at $99.74 on Friday. The stock has a market cap of $66.65 billion, a PE ratio of 18.07, a P/E/G ratio of 1.74 and a beta of 1.33. Crh Plc has a 12-month low of $76.75 and a 12-month high of $131.55. The company has a 50-day moving average of $120.94 and a 200 day moving average of $118.86.

CRH (NYSE:CRH) last released its earnings results on Wednesday, February 18th. The construction company reported $1.52 earnings per share for the quarter, missing analysts’ consensus estimates of $2.20 by ($0.68). The business had revenue of $5.42 billion during the quarter, compared to analysts’ expectations of $11.15 billion. CRH had a return on equity of 15.98% and a net margin of 10.02%.The company’s revenue for the quarter was up 6.2% compared to the same quarter last year. During the same period last year, the business earned $1.02 earnings per share. CRH has set its FY 2026 guidance at 5.600-6.050 EPS. On average, sell-side 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. Investors of record on Friday, March 6th will be given a dividend of $0.39 per share. The ex-dividend date is Friday, March 6th. This is a positive change from CRH’s previous quarterly dividend of $0.37. This represents a $1.56 dividend on an annualized basis and a yield of 1.6%. CRH’s dividend payout ratio (DPR) is 28.26%.

Wall Street Analyst Weigh In

CRH has been the topic of several research analyst reports. JPMorgan Chase & Co. lifted their price objective on CRH from $135.00 to $140.00 and gave the stock an “overweight” rating in a report on Tuesday, March 3rd. UBS Group increased their target price on CRH from $138.00 to $147.00 and gave the company a “buy” rating in a report on Thursday, January 8th. Jefferies Financial Group restated a “buy” rating on shares of CRH in a research report on Monday, December 1st. Citigroup lifted their price target on CRH from $142.00 to $155.00 and gave the stock a “buy” rating in a research note on Thursday, January 8th. Finally, Longbow Research initiated coverage on CRH in a research report on Tuesday, December 16th. They set a “buy” rating and a $160.00 price target for the company. Two analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $137.86.

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.