Crh Plc $CRH Shares Sold by DJE Kapital AG

DJE Kapital AG cut its holdings in shares of Crh Plc (NYSE:CRH) by 73.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 15,884 shares of the construction company’s stock after selling 43,873 shares during the period. DJE Kapital AG’s holdings in CRH were worth $1,640,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in CRH. Vanguard Group Inc. lifted its position in shares of CRH by 22.7% during the 4th quarter. Vanguard Group Inc. now owns 79,117,664 shares of the construction company’s stock valued at $9,873,884,000 after acquiring an additional 14,623,673 shares during the last quarter. Norges Bank acquired a new stake in CRH during the 4th quarter worth about $1,476,939,000. State Street Corp lifted its stake in CRH by 81.3% during the fourth quarter. State Street Corp now owns 24,895,205 shares of the construction company’s stock valued at $3,106,927,000 after buying an additional 11,167,189 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of CRH by 67.3% in the fourth quarter. Geode Capital Management LLC now owns 14,709,575 shares of the construction company’s stock worth $1,827,252,000 after buying an additional 5,916,930 shares during the period. Finally, National Pension Service purchased a new position in shares of CRH in the fourth quarter worth approximately $258,172,000. Institutional investors and hedge funds own 62.50% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of CRH in a research note on Tuesday, June 23rd. Jefferies Financial Group raised their target price on CRH from $149.00 to $165.60 and gave the stock a “buy” rating in a research report on Friday, June 26th. Wells Fargo & Company dropped their price target on CRH from $135.00 to $132.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 8th. Weiss Ratings lowered shares of CRH from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, June 18th. Finally, Morgan Stanley reaffirmed an “overweight” rating and issued a $139.00 target price on shares of CRH in a research report on Wednesday, April 15th. Two analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $141.19.

CRH Stock Down 3.0%

NYSE CRH opened at $99.81 on Tuesday. Crh Plc has a twelve month low of $93.58 and a twelve month high of $131.55. The stock has a market cap of $66.69 billion, a P/E ratio of 18.48, a PEG ratio of 1.78 and a beta of 1.32. The company’s 50-day simple moving average is $106.08 and its 200 day simple moving average is $112.97.

CRH (NYSE:CRH) last released its quarterly earnings data on Thursday, April 30th. The construction company reported ($0.20) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.22) by $0.02. CRH had a return on equity of 15.37% and a net margin of 9.65%.The firm had revenue of $7.37 billion during the quarter, compared to analyst estimates of $7.07 billion. 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. Research analysts anticipate that Crh Plc will post 5.96 earnings per share for the current year.

CRH Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 17th. Stockholders of record on Friday, May 15th were paid a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend was Friday, May 15th. CRH’s dividend payout ratio is 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.