Coastline Trust Co Takes $661,000 Position in Crh Plc $CRH

Coastline Trust Co bought a new stake in Crh Plc (NYSE:CRH) in the 4th quarter, according to its most recent filing with the SEC. The fund bought 5,300 shares of the construction company’s stock, valued at approximately $661,000.

A number of other institutional investors have also recently modified their holdings of CRH. L2 Asset Management LLC lifted its position in shares of CRH by 3.0% during the 2nd quarter. L2 Asset Management LLC now owns 3,028 shares of the construction company’s stock valued at $278,000 after buying an additional 89 shares in the last quarter. UMB Bank n.a. lifted its stake in CRH by 34.8% in the 3rd quarter. UMB Bank n.a. now owns 356 shares of the construction company’s stock valued at $43,000 after buying an additional 92 shares in the last quarter. Crossmark Global Holdings Inc. boosted its holdings in CRH by 2.4% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 4,126 shares of the construction company’s stock worth $495,000 after buying an additional 96 shares during the last quarter. Sound View Wealth Advisors Group LLC boosted its holdings in CRH by 3.4% in the 3rd quarter. Sound View Wealth Advisors Group LLC now owns 3,082 shares of the construction company’s stock worth $370,000 after buying an additional 100 shares during the last quarter. Finally, Shepherd Financial Partners LLC increased its stake in CRH by 0.3% during the 3rd quarter. Shepherd Financial Partners LLC now owns 33,863 shares of the construction company’s stock worth $4,060,000 after buying an additional 106 shares in the last quarter. 62.50% of the stock is currently owned by institutional investors and hedge funds.

CRH Price Performance

Shares of CRH opened at $101.01 on Friday. The firm has a 50-day simple moving average of $119.05 and a two-hundred day simple moving average of $118.53. The stock has a market cap of $67.50 billion, a PE ratio of 18.30, a P/E/G ratio of 1.78 and a beta of 1.33. Crh Plc has a 1-year low of $76.75 and a 1-year high of $131.55.

CRH (NYSE:CRH) last issued 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 return on equity of 15.98% and a net margin of 10.02%.The company had revenue of $5.42 billion during the quarter, compared to analyst estimates of $11.15 billion. During the same quarter in the prior year, the company 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. As a group, sell-side analysts expect that Crh Plc will post 5.47 earnings per share for the current fiscal year.

CRH Increases Dividend

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

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on CRH. JPMorgan Chase & Co. raised their price objective on CRH from $135.00 to $140.00 and gave the company an “overweight” rating in a report on Tuesday, March 3rd. UBS Group increased their price objective 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 objective on CRH from $133.00 to $135.00 and gave the stock an “equal weight” rating in a research report on Friday, February 20th. Longbow Research started coverage on CRH in a report on Tuesday, December 16th. They issued a “buy” rating and a $160.00 target price for the company. Finally, Jefferies Financial Group restated a “buy” rating on shares of CRH in a research report on Monday, December 1st. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target 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.