Alliancebernstein L.P. Decreases Stock Holdings in Crh Plc $CRH

Alliancebernstein L.P. lowered its holdings in shares of Crh Plc (NYSE:CRH) by 44.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,085,726 shares of the construction company’s stock after selling 862,005 shares during the quarter. Alliancebernstein L.P. owned 0.16% of CRH worth $130,179,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. NewEdge Advisors LLC raised its position in shares of CRH by 158.5% during the 1st quarter. NewEdge Advisors LLC now owns 8,670 shares of the construction company’s stock valued at $763,000 after buying an additional 5,316 shares in the last quarter. Empowered Funds LLC grew its position in CRH by 5.3% in the first quarter. Empowered Funds LLC now owns 13,178 shares of the construction company’s stock worth $1,159,000 after acquiring an additional 658 shares in the last quarter. Sivia Capital Partners LLC increased its stake in CRH by 58.5% during the second quarter. Sivia Capital Partners LLC now owns 4,279 shares of the construction company’s stock worth $393,000 after acquiring an additional 1,579 shares during the last quarter. PNC Financial Services Group Inc. increased its stake in CRH by 1.2% during the second quarter. PNC Financial Services Group Inc. now owns 11,972 shares of the construction company’s stock worth $1,099,000 after acquiring an additional 146 shares during the last quarter. Finally, Creative Planning raised its position in CRH by 9.2% during the second quarter. Creative Planning now owns 38,134 shares of the construction company’s stock valued at $3,501,000 after purchasing an additional 3,209 shares during the period. 62.50% of the stock is owned by hedge funds and other institutional investors.

CRH Stock Up 3.2%

CRH opened at $103.04 on Tuesday. The stock’s fifty day moving average is $120.43 and its two-hundred day moving average is $118.83. The company has a market capitalization of $68.86 billion, a P/E ratio of 18.67, a PEG ratio of 1.74 and a beta of 1.33. Crh Plc has a 52 week low of $76.75 and a 52 week high of $131.55.

CRH (NYSE:CRH) last issued its earnings results 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). The firm 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%.CRH’s quarterly revenue was up 6.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.02 earnings per share. CRH has set its FY 2026 guidance at 5.600-6.050 EPS. Equities analysts anticipate that Crh Plc will post 5.47 earnings per share for the current 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 is a positive change 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 dividend on an annualized basis and a yield of 1.5%. CRH’s payout ratio is 28.26%.

Wall Street Analyst Weigh In

CRH has been the topic of several analyst reports. JPMorgan Chase & Co. boosted their target price on CRH from $135.00 to $140.00 and gave the company an “overweight” rating in a research report on Tuesday, March 3rd. Morgan Stanley lifted their price objective on shares of CRH from $140.00 to $141.00 and gave the stock an “overweight” rating in a research note on Monday, March 2nd. Citigroup boosted their price objective on shares of CRH from $142.00 to $155.00 and gave the company a “buy” rating in a research report on Thursday, January 8th. Wells Fargo & Company raised their target price on shares of CRH from $133.00 to $135.00 and gave the stock an “equal weight” rating in a report on Friday, February 20th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of CRH in a research note on Monday, December 8th. Two research 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. Based on data from MarketBeat.com, the stock presently has a consensus 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.