DNB Asset Management AS Raises Position in Crh Plc $CRH

DNB Asset Management AS raised its position in Crh Plc (NYSE:CRH) by 46.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 265,514 shares of the construction company’s stock after buying an additional 84,073 shares during the period. DNB Asset Management AS’s holdings in CRH were worth $31,835,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Norges Bank purchased a new position in shares of CRH in the second quarter valued at approximately $1,007,932,000. Eleva Capital SAS acquired a new stake in shares of CRH in the second quarter worth approximately $250,562,000. Massachusetts Financial Services Co. MA increased its position in shares of CRH by 24.3% during the second quarter. Massachusetts Financial Services Co. MA now owns 12,803,346 shares of the construction company’s stock worth $1,175,347,000 after purchasing an additional 2,499,558 shares in the last quarter. Marshall Wace LLP raised its stake in CRH by 45.3% in the 2nd quarter. Marshall Wace LLP now owns 6,031,903 shares of the construction company’s stock valued at $553,729,000 after purchasing an additional 1,881,550 shares during the last quarter. Finally, Citigroup Inc. lifted its holdings in CRH by 229.0% in the 3rd quarter. Citigroup Inc. now owns 1,811,126 shares of the construction company’s stock valued at $217,154,000 after purchasing an additional 1,260,558 shares in the last quarter. 62.50% of the stock is currently owned by hedge funds and other institutional investors.

CRH Price Performance

Shares of NYSE CRH opened at $119.88 on Friday. The company has a market capitalization of $80.11 billion, a P/E ratio of 21.72, a P/E/G ratio of 2.12 and a beta of 1.33. The company has a 50 day simple moving average of $124.71 and a 200-day simple moving average of $119.12. Crh Plc has a 1 year low of $76.75 and a 1 year high of $131.55.

CRH (NYSE:CRH) last released its quarterly earnings data on Wednesday, February 18th. The construction company reported $1.52 EPS for the quarter, missing analysts’ consensus estimates of $2.20 by ($0.68). The business had revenue of $5.42 billion during the quarter, compared to analyst estimates of $11.15 billion. CRH had a net margin of 10.02% and a return on equity of 15.98%. The company’s revenue was up 6.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.02 earnings per share. CRH has set its FY 2026 guidance at 5.600-6.050 EPS. As a group, research analysts expect that Crh Plc will post 5.47 EPS for the current year.

CRH Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 8th. Investors of record on Friday, March 6th will be given a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend is Friday, March 6th. This is a positive change from CRH’s previous quarterly dividend of $0.37. CRH’s dividend payout ratio is 20.11%.

Wall Street Analysts Forecast Growth

CRH has been the subject of a number of research reports. BNP Paribas Exane raised shares of CRH to a “strong-buy” rating in a report on Friday, January 23rd. Longbow Research assumed coverage on shares of CRH in a research report on Tuesday, December 16th. They set a “buy” rating and a $160.00 price target on the stock. JPMorgan Chase & Co. raised their target price on shares of CRH from $130.00 to $135.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 11th. Citigroup upped their price target on CRH from $142.00 to $155.00 and gave the company a “buy” rating in a research report on Thursday, January 8th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of CRH in a report on Monday, December 8th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $137.43.

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.