Saturna Capital Corp Raises Position in Crh Plc $CRH

Saturna Capital Corp increased its stake in Crh Plc (NYSE:CRH) by 51.4% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 264,355 shares of the construction company’s stock after buying an additional 89,750 shares during the quarter. Saturna Capital Corp’s holdings in CRH were worth $27,789,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. NewEdge Advisors LLC boosted its holdings in CRH by 158.5% in the 1st quarter. NewEdge Advisors LLC now owns 8,670 shares of the construction company’s stock worth $763,000 after acquiring an additional 5,316 shares during the period. Empowered Funds LLC boosted its position in CRH by 5.3% in the 1st quarter. Empowered Funds LLC now owns 13,178 shares of the construction company’s stock valued at $1,159,000 after buying an additional 658 shares during the last quarter. Sivia Capital Partners LLC increased its holdings in CRH by 58.5% during the 2nd quarter. Sivia Capital Partners LLC now owns 4,279 shares of the construction company’s stock worth $393,000 after purchasing an additional 1,579 shares during the last quarter. Sei Investments Co. boosted its stake in CRH by 18.9% during the 2nd quarter. Sei Investments Co. now owns 228,288 shares of the construction company’s stock valued at $20,957,000 after acquiring an additional 36,238 shares during the last quarter. Finally, Treasurer of the State of North Carolina raised its stake in CRH by 0.7% during the second quarter. Treasurer of the State of North Carolina now owns 316,818 shares of the construction company’s stock valued at $29,084,000 after buying an additional 2,348 shares in the last quarter. 62.50% of the stock is owned by institutional investors and hedge funds.

CRH Price Performance

Shares of CRH stock opened at $99.80 on Wednesday. Crh Plc has a 1-year low of $93.58 and a 1-year high of $131.55. The business’s fifty day moving average price is $105.84 and its two-hundred day moving average price is $112.79. The company has a market capitalization of $66.69 billion, a P/E ratio of 18.48, a PEG ratio of 1.73 and a beta of 1.32.

CRH (NYSE:CRH) last posted its quarterly earnings data 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 business had revenue of $7.37 billion during the quarter, compared to the consensus estimate of $7.07 billion. CRH had a net margin of 9.65% and a return on equity of 15.37%. The business’s 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. On average, research analysts expect that Crh Plc will post 5.96 earnings per share for the current fiscal year.

CRH Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 17th. Investors of record on Friday, May 15th were paid a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date was Friday, May 15th. CRH’s dividend payout ratio (DPR) is currently 28.89%.

Wall Street Analysts Forecast Growth

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

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.