Royal Bank of Canada Has $918.39 Million Position in Crh Plc $CRH

Royal Bank of Canada cut its stake in Crh Plc (NYSE:CRH) by 19.2% in the first quarter, HoldingsChannel.com reports. The fund owned 8,736,546 shares of the construction company’s stock after selling 2,071,893 shares during the period. Royal Bank of Canada’s holdings in CRH were worth $918,386,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Flagship Harbor Advisors LLC bought a new stake in CRH in the fourth quarter valued at approximately $26,000. Riggs Asset Managment Co. Inc. boosted its position in shares of CRH by 1,835.3% during the second quarter. Riggs Asset Managment Co. Inc. now owns 329 shares of the construction company’s stock worth $30,000 after purchasing an additional 312 shares in the last quarter. Bell Investment Advisors Inc boosted its position in shares of CRH by 51.2% during the first quarter. Bell Investment Advisors Inc now owns 304 shares of the construction company’s stock worth $32,000 after purchasing an additional 103 shares in the last quarter. Kemnay Advisory Services Inc. acquired a new position in shares of CRH in the 4th quarter valued at $33,000. Finally, Elyxium Wealth LLC acquired a new position in shares of CRH in the 4th quarter valued at $37,000. 62.50% of the stock is currently owned by institutional investors and hedge funds.

CRH Price Performance

Shares of CRH stock opened at $103.48 on Wednesday. The firm has a market cap of $69.15 billion, a price-to-earnings ratio of 19.16, a price-to-earnings-growth ratio of 1.78 and a beta of 1.32. The stock’s 50-day moving average is $105.49 and its 200-day moving average is $111.89. Crh Plc has a one year low of $93.58 and a one year high of $131.55.

CRH (NYSE:CRH) last announced its 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 return on equity of 15.37% and a net margin of 9.65%.The business had revenue of $7.37 billion for the quarter, compared to analyst estimates of $7.07 billion. The company’s quarterly 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 5.96 EPS for the current year.

CRH Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 17th. Shareholders of record on Friday, May 15th were given a dividend of $0.39 per share. The ex-dividend date of this dividend was Friday, May 15th. This represents a $1.56 annualized dividend and a yield of 1.5%. CRH’s payout ratio is 28.89%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on CRH. Morgan Stanley reaffirmed an “overweight” rating and set a $139.00 price target on shares of CRH in a research report on Wednesday, April 15th. Sanford C. Bernstein reiterated an “outperform” rating on shares of CRH in a research report on Tuesday, June 23rd. Weiss Ratings cut CRH from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, June 18th. Wells Fargo & Company dropped their target price 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. Finally, Jefferies Financial Group lifted their price target on shares of CRH from $149.00 to $165.60 and gave the company a “buy” rating in a research note 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. Based on data from MarketBeat, CRH currently has an average rating of “Buy” and a consensus price target 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.