Thrivent Financial for Lutherans Buys New Shares in Crh Plc $CRH

Thrivent Financial for Lutherans bought a new stake in Crh Plc (NYSE:CRH) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 28,532 shares of the construction company’s stock, valued at approximately $3,561,000.

Other hedge funds have also recently made changes to their positions in the company. Board of the Pension Protection Fund acquired a new position in shares of CRH in the 4th quarter valued at $25,000. Harbor Investment Advisory LLC increased its position in shares of CRH by 87.6% in the 4th quarter. Harbor Investment Advisory LLC now owns 212 shares of the construction company’s stock valued at $26,000 after acquiring an additional 99 shares during the period. Flagship Harbor Advisors LLC acquired a new position in shares of CRH in the 4th quarter valued at $26,000. United Community Bank increased its position in shares of CRH by 359.6% in the 3rd quarter. United Community Bank now owns 239 shares of the construction company’s stock valued at $29,000 after acquiring an additional 187 shares during the period. Finally, Riggs Asset Managment Co. Inc. increased its position in shares of CRH by 1,835.3% in the 2nd quarter. Riggs Asset Managment Co. Inc. now owns 329 shares of the construction company’s stock valued at $30,000 after acquiring an additional 312 shares during the period. 62.50% of the stock is owned by institutional investors and hedge funds.

CRH Stock Performance

Shares of CRH opened at $100.47 on Friday. The business’s 50-day moving average is $109.00 and its two-hundred day moving average is $116.78. The company has a market capitalization of $67.13 billion, a P/E ratio of 18.61, a P/E/G ratio of 1.76 and a beta of 1.36. Crh Plc has a fifty-two week low of $86.82 and a fifty-two week 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 for the quarter, topping the consensus estimate of ($0.22) by $0.02. The company had revenue of $7.37 billion for the quarter, compared to the consensus estimate of $7.07 billion. CRH had a return on equity of 15.37% and a net margin of 9.65%.CRH’s quarterly revenue was up 9.1% compared to the same quarter last year. CRH has set its FY 2026 guidance at 5.600-6.050 EPS. Analysts forecast that Crh Plc will post 5.91 EPS for the current year.

CRH Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 17th. Stockholders of record on Friday, May 15th will be given a dividend of $0.39 per share. The ex-dividend date is Friday, May 15th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 1.6%. CRH’s dividend payout ratio (DPR) is 28.89%.

Wall Street Analyst Weigh In

Several research firms recently issued reports on CRH. DA Davidson set a $120.00 target price on CRH in a research report on Friday, February 20th. BNP Paribas Exane raised CRH to a “strong-buy” rating in a research report on Friday, January 23rd. JPMorgan Chase & Co. increased their price target on CRH from $135.00 to $140.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 3rd. Weiss Ratings downgraded CRH from a “buy (b)” rating to a “hold (c+)” rating in a research report on Monday, May 4th. Finally, Wells Fargo & Company increased their price target on CRH from $133.00 to $135.00 and gave the stock an “equal weight” rating in a research report on Friday, February 20th. Two research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $139.54.

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.