Ameriprise Financial Inc. Has $483.13 Million Stock Holdings in Crh Plc $CRH

Ameriprise Financial Inc. increased its holdings in shares of Crh Plc (NYSE:CRH) by 8.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,014,424 shares of the construction company’s stock after buying an additional 306,104 shares during the quarter. Ameriprise Financial Inc. owned 0.60% of CRH worth $483,125,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of CRH. Norges Bank acquired a new position in shares of CRH in the 2nd quarter valued at about $1,007,932,000. Artisan Partners Limited Partnership purchased a new position in CRH during the third quarter valued at approximately $295,798,000. Marshall Wace LLP increased its stake in CRH by 45.3% in the 2nd quarter. Marshall Wace LLP now owns 6,031,903 shares of the construction company’s stock valued at $553,729,000 after buying an additional 1,881,550 shares during the period. Citigroup Inc. increased its stake in CRH by 229.0% in the 3rd quarter. Citigroup Inc. now owns 1,811,126 shares of the construction company’s stock valued at $217,154,000 after buying an additional 1,260,558 shares during the period. Finally, Baupost Group LLC MA lifted its position in CRH by 42.0% in the 2nd quarter. Baupost Group LLC MA now owns 3,825,395 shares of the construction company’s stock worth $351,171,000 after buying an additional 1,131,000 shares in the last quarter. 62.50% of the stock is owned by institutional investors and hedge funds.

CRH Stock Up 0.0%

Shares of CRH opened at $99.74 on Monday. The firm has a market cap of $66.65 billion, a price-to-earnings ratio of 18.07, a price-to-earnings-growth ratio of 1.74 and a beta of 1.33. The company’s fifty day moving average is $120.94 and its 200-day moving average is $118.90. Crh Plc has a 12 month low of $76.75 and a 12 month high of $131.55.

CRH (NYSE:CRH) last released its quarterly earnings data on Wednesday, February 18th. The construction company reported $1.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.20 by ($0.68). The business had revenue of $5.42 billion during the quarter, compared to analyst estimates of $11.15 billion. CRH had a net margin of 10.02% and a return on equity of 15.98%. The firm’s revenue for the quarter was up 6.2% on a year-over-year basis. During the same period in the previous year, the firm posted $1.02 EPS. CRH has set its FY 2026 guidance at 5.600-6.050 EPS. As a group, research analysts predict that Crh Plc will post 5.47 earnings per share for the current fiscal year.

CRH Increases Dividend

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

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on CRH shares. Longbow Research assumed coverage on shares of CRH in a research note on Tuesday, December 16th. They set a “buy” rating and a $160.00 target price for the company. 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 reissued a “buy” rating on shares of CRH in a research report on Monday, December 1st. Weiss Ratings restated a “buy (b-)” rating on shares of CRH in a research note on Monday, December 22nd. Finally, DA Davidson set a $120.00 target price on CRH in a research report on Friday, February 20th. 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. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price 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.