Crh Plc $CRH Shares Bought by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. grew its position in Crh Plc (NYSE:CRH) by 3.3% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 617,616 shares of the construction company’s stock after acquiring an additional 19,852 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.09% of CRH worth $74,052,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of CRH. United Community Bank raised its holdings in CRH by 359.6% in the 3rd quarter. United Community Bank now owns 239 shares of the construction company’s stock worth $29,000 after purchasing an additional 187 shares during the period. Salomon & Ludwin LLC purchased a new stake in shares of CRH in the third quarter valued at approximately $32,000. Cornerstone Planning Group LLC raised its stake in shares of CRH by 139.3% during the 3rd quarter. Cornerstone Planning Group LLC now owns 268 shares of the construction company’s stock worth $31,000 after buying an additional 156 shares during the period. Creekmur Asset Management LLC acquired a new position in shares of CRH during the 2nd quarter worth approximately $27,000. Finally, Riggs Asset Managment Co. Inc. lifted its position in shares of CRH by 1,835.3% during the 2nd quarter. Riggs Asset Managment Co. Inc. now owns 329 shares of the construction company’s stock valued at $30,000 after buying an additional 312 shares in the last quarter. 62.50% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have issued reports on CRH. 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. Citigroup raised their price target on shares of CRH from $142.00 to $155.00 and gave the company a “buy” rating in a research note on Thursday, January 8th. DA Davidson set a $120.00 price objective on CRH in a report on Friday, February 20th. Weiss Ratings reissued a “buy (b-)” rating on shares of CRH in a report on Monday, December 22nd. Finally, BNP Paribas Exane raised CRH to a “strong-buy” rating in a research note on Friday, January 23rd. Two 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, CRH currently has an average rating of “Moderate Buy” and an average price target of $137.43.

CRH Stock Performance

CRH stock opened at $119.88 on Friday. Crh Plc has a one year low of $76.75 and a one year high of $131.55. The firm has a market cap of $80.11 billion, a PE ratio of 21.72, a PEG ratio of 2.12 and a beta of 1.33. The firm’s 50 day moving average price is $124.71 and its 200-day moving average price is $119.12.

CRH (NYSE:CRH) last posted its earnings results 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). CRH had a return on equity of 15.98% and a net margin of 10.02%.The business had revenue of $5.42 billion for the quarter, compared to analyst estimates of $11.15 billion. During the same period last year, the business earned $1.02 EPS. CRH’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. Equities research analysts predict 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 issued a $0.39 dividend. This is an increase from CRH’s previous quarterly dividend of $0.37. The ex-dividend date is Friday, March 6th. This represents a $1.56 annualized dividend and a yield of 1.3%. CRH’s payout ratio is presently 20.11%.

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.