Payden & Rygel Sells 6,900 Shares of Crh Plc $CRH

Payden & Rygel lowered its stake in Crh Plc (NYSE:CRH) by 3.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 180,000 shares of the construction company’s stock after selling 6,900 shares during the period. CRH accounts for approximately 1.6% of Payden & Rygel’s holdings, making the stock its 15th biggest holding. Payden & Rygel’s holdings in CRH were worth $22,464,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in CRH. Principal Financial Group Inc. boosted its position in 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 acquiring an additional 448,860 shares in the last quarter. Cibc World Market Inc. boosted its holdings in shares of CRH by 36.2% during the 3rd quarter. Cibc World Market Inc. now owns 56,390 shares of the construction company’s stock valued at $6,761,000 after buying an additional 14,985 shares in the last quarter. Exane Asset Management boosted its holdings in shares of CRH by 21.2% during the 3rd quarter. Exane Asset Management now owns 663,774 shares of the construction company’s stock valued at $80,735,000 after buying an additional 116,178 shares in the last quarter. SouthState Bank Corp boosted its holdings in shares of CRH by 20,243.5% during the 3rd quarter. SouthState Bank Corp now owns 21,971 shares of the construction company’s stock valued at $2,634,000 after buying an additional 21,863 shares in the last quarter. Finally, Dynasty Wealth Management LLC boosted its holdings in shares of 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 buying an additional 14,877 shares in the last quarter. Institutional investors own 62.50% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the stock. 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 report on Friday, February 20th. BNP Paribas Exane upgraded shares of CRH to a “strong-buy” rating in a report on Friday, January 23rd. DA Davidson set a $120.00 target price on shares of CRH in a report on Friday, February 20th. Weiss Ratings cut shares of CRH from a “buy (b)” rating to a “hold (c+)” rating in a report on Monday, May 4th. Finally, Morgan Stanley reissued an “overweight” rating and issued a $139.00 price target on shares of CRH in a research report on Wednesday, April 15th. Two research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $139.54.

CRH Price Performance

Shares of CRH stock opened at $103.46 on Tuesday. The stock has a market cap of $69.13 billion, a price-to-earnings ratio of 19.16, a PEG ratio of 1.80 and a beta of 1.36. The firm’s 50-day moving average is $109.43 and its 200 day moving average is $117.27. Crh Plc has a 1 year low of $86.82 and a 1 year high of $131.55.

CRH (NYSE:CRH) last announced its quarterly earnings results on Thursday, April 30th. The construction company reported ($0.20) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.22) by $0.02. The company had revenue of $7.37 billion for the quarter, compared to analysts’ expectations of $7.07 billion. CRH had a net margin of 9.65% and a return on equity of 15.37%. The company’s revenue was up 9.1% on a year-over-year basis. CRH has set its FY 2026 guidance at 5.600-6.050 EPS. On average, equities analysts expect that Crh Plc will post 5.9 EPS for the current fiscal year.

CRH Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 17th. Investors of record on Friday, May 15th will be paid a $0.39 dividend. The ex-dividend date is Friday, May 15th. This represents a $1.56 dividend on an annualized basis and a yield of 1.5%. CRH’s payout ratio is presently 28.89%.

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.