Natixis Advisors LLC Purchases 23,578 Shares of Crh Plc $CRH

Natixis Advisors LLC boosted its holdings in Crh Plc (NYSE:CRH) by 7.0% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 360,464 shares of the construction company’s stock after buying an additional 23,578 shares during the period. Natixis Advisors LLC owned 0.05% of CRH worth $43,220,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Vanguard Group Inc. boosted its stake in shares of CRH by 1.0% in the second quarter. Vanguard Group Inc. now owns 64,405,066 shares of the construction company’s stock worth $5,912,385,000 after acquiring an additional 649,598 shares during the period. Massachusetts Financial Services Co. MA raised its stake in CRH by 24.3% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 12,803,346 shares of the construction company’s stock valued at $1,175,347,000 after purchasing an additional 2,499,558 shares during the period. Norges Bank purchased a new position in CRH in the 2nd quarter worth approximately $1,007,932,000. Bank of New York Mellon Corp boosted its stake in CRH by 6.6% in the 3rd quarter. Bank of New York Mellon Corp now owns 9,788,282 shares of the construction company’s stock worth $1,173,615,000 after purchasing an additional 603,082 shares during the period. Finally, Boston Partners boosted its stake in CRH by 9.4% in the 2nd quarter. Boston Partners now owns 9,654,828 shares of the construction company’s stock worth $888,810,000 after purchasing an additional 832,027 shares during the period. 62.50% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Longbow Research initiated coverage on shares of CRH in a research report on Tuesday, December 16th. They set a “buy” rating and a $160.00 price objective on the stock. BNP Paribas Exane raised shares of CRH to a “strong-buy” rating in a research note on Friday, January 23rd. DA Davidson set a $120.00 price target on shares of CRH in a report on Friday, February 20th. Morgan Stanley boosted their price target on shares of CRH from $140.00 to $141.00 and gave the stock an “overweight” rating in a research note on Monday, March 2nd. Finally, Jefferies Financial Group reissued a “buy” rating on shares of CRH in a report on Monday, December 1st. Two 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’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $137.86.

CRH Price Performance

Shares of NYSE CRH opened at $106.45 on Tuesday. The company has a market cap of $71.13 billion, a P/E ratio of 19.28, a PEG ratio of 1.86 and a beta of 1.33. Crh Plc has a 1 year low of $76.75 and a 1 year high of $131.55. The firm has a 50-day simple moving average of $122.79 and a two-hundred day simple moving average of $119.21.

CRH (NYSE:CRH) last announced its 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 business had revenue of $5.42 billion for the quarter, compared to analysts’ expectations of $11.15 billion. During the same quarter last year, the firm earned $1.02 EPS. The firm’s quarterly revenue was up 6.2% on a year-over-year basis. CRH has set its FY 2026 guidance at 5.600-6.050 EPS. As a group, equities 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. Shareholders of record on Friday, March 6th will be given a $0.39 dividend. This is a boost from CRH’s previous quarterly dividend of $0.37. The ex-dividend date of this dividend is Friday, March 6th. This represents a $1.56 annualized dividend and a yield of 1.5%. CRH’s dividend payout ratio is currently 28.26%.

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.