Danske Bank A S Buys New Shares in Crh Plc $CRH

Danske Bank A S bought a new position in shares of Crh Plc (NYSE:CRH) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 539,571 shares of the construction company’s stock, valued at approximately $64,695,000. Danske Bank A S owned 0.08% of CRH at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. United Community Bank boosted its position in shares of CRH by 359.6% in the third quarter. United Community Bank now owns 239 shares of the construction company’s stock worth $29,000 after acquiring an additional 187 shares during the last quarter. Riggs Asset Managment Co. Inc. increased its position in 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 during the last quarter. Cornerstone Planning Group LLC increased its position 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 purchasing an additional 156 shares during the last quarter. Salomon & Ludwin LLC purchased a new position in CRH during the third quarter worth approximately $32,000. Finally, Physician Wealth Advisors Inc. raised its stake in CRH by 60.6% during the third 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 period. Hedge funds and other institutional investors own 62.50% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on CRH. Wells Fargo & Company boosted their price objective on shares of CRH from $133.00 to $135.00 and gave the company an “equal weight” rating in a research note on Friday, February 20th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of CRH in a research note on Monday, December 8th. UBS Group boosted their target price on CRH from $138.00 to $147.00 and gave the stock a “buy” rating in a report on Thursday, January 8th. BNP Paribas Exane raised shares of CRH to a “strong-buy” rating in a research report on Friday, January 23rd. Finally, Longbow Research assumed coverage on shares of CRH in a report on Tuesday, December 16th. They issued a “buy” rating and a $160.00 price target on the stock. Two analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $137.86.

CRH Stock Performance

CRH stock opened at $101.83 on Thursday. The firm has a market cap of $68.05 billion, a P/E ratio of 18.45, a price-to-earnings-growth ratio of 1.83 and a beta of 1.33. Crh Plc has a 1 year low of $76.75 and a 1 year high of $131.55. The stock has a 50-day simple moving average of $119.53 and a 200-day simple moving average of $118.65.

CRH (NYSE:CRH) last released its quarterly earnings results 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 for the quarter, compared to analyst estimates of $11.15 billion. During the same period last year, the firm posted $1.02 earnings per share. The business’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. On average, equities research analysts predict that Crh Plc will post 5.47 EPS for the current year.

CRH Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 8th. Stockholders of record on Friday, March 6th will be given a dividend of $0.39 per share. 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. This represents a $1.56 dividend on an annualized basis and a dividend yield of 1.5%. CRH’s dividend payout ratio is presently 28.26%.

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.