Swiss National Bank Trims Stock Holdings in Crh Plc $CRH

Swiss National Bank cut its holdings in shares of Crh Plc (NYSE:CRH) by 5.0% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,948,560 shares of the construction company’s stock after selling 103,200 shares during the quarter. Swiss National Bank’s holdings in CRH were worth $233,632,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Principal Financial Group Inc. grew its position in shares of CRH by 24.7% during the 3rd quarter. Principal Financial Group Inc. now owns 2,269,271 shares of the construction company’s stock valued at $272,086,000 after buying an additional 448,860 shares during the last quarter. Park Avenue Securities LLC acquired a new position in CRH in the third quarter valued at approximately $4,491,000. Exane Asset Management grew its holdings in shares of CRH by 21.2% during the third quarter. Exane Asset Management now owns 663,774 shares of the construction company’s stock valued at $80,735,000 after purchasing an additional 116,178 shares during the last quarter. Cibc World Market Inc. lifted its holdings in shares of CRH by 36.2% in the 3rd quarter. Cibc World Market Inc. now owns 56,390 shares of the construction company’s stock worth $6,761,000 after purchasing an additional 14,985 shares during the last quarter. Finally, Dynasty Wealth Management LLC boosted its position in CRH by 77.5% during the 3rd quarter. Dynasty Wealth Management LLC now owns 34,077 shares of the construction company’s stock valued at $4,086,000 after purchasing an additional 14,877 shares during the period. 62.50% of the stock is currently owned by institutional investors.

CRH Stock Performance

NYSE:CRH opened at $106.45 on Tuesday. The stock has a market cap of $71.13 billion, a price-to-earnings ratio of 19.28, a PEG ratio of 1.86 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 business has a fifty day moving average of $122.79 and a 200-day moving average of $119.21.

CRH (NYSE:CRH) last issued its quarterly earnings data on Wednesday, February 18th. The construction company reported $1.52 earnings per share for the quarter, missing analysts’ consensus estimates of $2.20 by ($0.68). The company had revenue of $5.42 billion for the quarter, compared to the consensus estimate of $11.15 billion. CRH had a net margin of 10.02% and a return on equity of 15.98%. CRH’s revenue for the quarter was up 6.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.02 earnings per share. 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 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 dividend of $0.39 per share. This is a positive change from CRH’s previous quarterly dividend of $0.37. The ex-dividend date is Friday, March 6th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 1.5%. CRH’s payout ratio is presently 28.26%.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Longbow Research assumed coverage on CRH in a research report on Tuesday, December 16th. They issued a “buy” rating and a $160.00 target price on the stock. DA Davidson set a $120.00 price target on shares of CRH in a research report on Friday, February 20th. UBS Group increased their price objective on shares of CRH from $138.00 to $147.00 and gave the stock a “buy” rating in a report on Thursday, January 8th. Jefferies Financial Group reiterated a “buy” rating on shares of CRH in a research report on Monday, December 1st. Finally, Wells Fargo & Company boosted their target price 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. Two research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus 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.