Crh Plc $CRH is Egerton Capital UK LLP’s 7th Largest Position

Egerton Capital UK LLP trimmed its stake in Crh Plc (NYSE:CRH) by 6.8% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,260,846 shares of the construction company’s stock after selling 309,718 shares during the quarter. CRH makes up 5.4% of Egerton Capital UK LLP’s portfolio, making the stock its 7th biggest holding. Egerton Capital UK LLP’s holdings in CRH were worth $510,875,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also made changes to their positions in the stock. Creekmur Asset Management LLC acquired a new position in CRH in the 2nd quarter valued at about $27,000. United Community Bank grew its holdings in shares of CRH by 359.6% during the third quarter. United Community Bank now owns 239 shares of the construction company’s stock worth $29,000 after buying an additional 187 shares in the last quarter. Riggs Asset Managment Co. Inc. raised its position in shares of CRH by 1,835.3% in the second quarter. Riggs Asset Managment Co. Inc. now owns 329 shares of the construction company’s stock valued at $30,000 after buying an additional 312 shares during the last quarter. Cornerstone Planning Group LLC raised its position in shares of CRH by 139.3% in the third quarter. Cornerstone Planning Group LLC now owns 268 shares of the construction company’s stock valued at $31,000 after buying an additional 156 shares during the last quarter. Finally, Salomon & Ludwin LLC purchased a new position in shares of CRH during the third quarter valued at approximately $32,000. Institutional investors and hedge funds own 62.50% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Morgan Stanley boosted their price target on CRH from $131.00 to $140.00 and gave the company an “overweight” rating in a report on Wednesday, December 10th. Royal Bank Of Canada dropped their target price on CRH from $152.00 to $150.00 and set an “outperform” rating for the company in a research note on Friday, November 7th. DA Davidson set a $120.00 price target on CRH in a report on Friday, February 20th. UBS Group increased their price objective on shares of CRH from $138.00 to $147.00 and gave the stock a “buy” rating in a report on Thursday, January 8th. Finally, Citigroup raised their target price on shares of CRH from $142.00 to $155.00 and gave the stock a “buy” rating in a research report on Thursday, January 8th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $137.43.

CRH Stock Performance

CRH opened at $119.88 on Friday. The firm has a 50 day moving average price of $124.71 and a 200 day moving average price of $119.12. Crh Plc has a 1 year low of $76.75 and a 1 year high of $131.55. The company has a market cap of $80.11 billion, a PE ratio of 21.72, a price-to-earnings-growth ratio of 2.12 and a beta of 1.33.

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

CRH Increases Dividend

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

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.