SEB Asset Management AB Buys New Shares in Crh Plc $CRH

SEB Asset Management AB bought a new position in Crh Plc (NYSE:CRH) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 134,874 shares of the construction company’s stock, valued at approximately $14,178,000.

A number of other institutional investors have also bought and sold shares of CRH. JFS Wealth Advisors LLC lifted its position in shares of CRH by 12.1% in the fourth quarter. JFS Wealth Advisors LLC now owns 794 shares of the construction company’s stock valued at $99,000 after acquiring an additional 86 shares in the last quarter. Waddell & Associates LLC boosted its stake in shares of CRH by 3.8% in the fourth quarter. Waddell & Associates LLC now owns 2,352 shares of the construction company’s stock worth $294,000 after acquiring an additional 87 shares during the period. PDS Planning Inc grew its position in shares of CRH by 2.3% during the fourth quarter. PDS Planning Inc now owns 4,000 shares of the construction company’s stock worth $499,000 after purchasing an additional 89 shares in the last quarter. Harbor Investment Advisory LLC raised its stake in CRH by 87.6% during the 4th quarter. Harbor Investment Advisory LLC now owns 212 shares of the construction company’s stock valued at $26,000 after purchasing an additional 99 shares during the period. Finally, Larson Financial Group LLC boosted its stake in CRH by 6.1% in the 4th quarter. Larson Financial Group LLC now owns 1,778 shares of the construction company’s stock worth $222,000 after purchasing an additional 102 shares during the period. Hedge funds and other institutional investors own 62.50% of the company’s stock.

CRH Stock Performance

NYSE CRH opened at $99.81 on Tuesday. The company has a market capitalization of $66.69 billion, a P/E ratio of 18.48, a P/E/G ratio of 1.78 and a beta of 1.32. Crh Plc has a one year low of $93.58 and a one year high of $131.55. The stock has a 50 day moving average price of $106.08 and a 200-day moving average price of $112.97.

CRH (NYSE:CRH) last released its quarterly earnings results on Thursday, April 30th. The construction company reported ($0.20) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.22) by $0.02. CRH had a net margin of 9.65% and a return on equity of 15.37%. The company had revenue of $7.37 billion for the quarter, compared to the consensus estimate of $7.07 billion. The business’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. As a group, equities analysts predict that Crh Plc will post 5.96 EPS for the current fiscal year.

CRH Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 17th. Stockholders of record on Friday, May 15th were given 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 was Friday, May 15th. CRH’s dividend payout ratio is currently 28.89%.

Analyst Ratings Changes

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

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.