Phoenix Financial Ltd. Sells 9,711 Shares of Crh Plc $CRH

Phoenix Financial Ltd. lowered its stake in shares of Crh Plc (NYSE:CRH) by 25.8% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 27,912 shares of the construction company’s stock after selling 9,711 shares during the quarter. Phoenix Financial Ltd.’s holdings in CRH were worth $3,483,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in CRH. Vanguard Group Inc. boosted its position in CRH by 22.7% during the fourth quarter. Vanguard Group Inc. now owns 79,117,664 shares of the construction company’s stock worth $9,873,884,000 after purchasing an additional 14,623,673 shares during the period. Artisan Partners Limited Partnership bought a new stake in CRH during the third quarter worth approximately $295,798,000. Alkeon Capital Management LLC bought a new stake in CRH during the third quarter worth approximately $209,825,000. SG Americas Securities LLC boosted its position in CRH by 9,615.1% during the fourth quarter. SG Americas Securities LLC now owns 1,386,928 shares of the construction company’s stock worth $173,089,000 after purchasing an additional 1,372,652 shares during the period. Finally, Citigroup Inc. lifted its holdings in shares of CRH by 229.0% during the third quarter. Citigroup Inc. now owns 1,811,126 shares of the construction company’s stock worth $217,154,000 after buying an additional 1,260,558 shares during the last quarter. Institutional investors own 62.50% of the company’s stock.

CRH Trading Down 3.9%

Shares of NYSE CRH opened at $103.40 on Friday. The business has a fifty day simple moving average of $109.58 and a 200 day simple moving average of $117.41. The firm has a market capitalization of $69.09 billion, a price-to-earnings ratio of 19.15, a PEG ratio of 1.88 and a beta of 1.36. Crh Plc has a one year low of $86.82 and a one year high of $131.55.

CRH (NYSE:CRH) last issued its earnings results on Thursday, April 30th. The construction company reported ($0.20) EPS for the quarter, beating analysts’ consensus estimates of ($0.22) by $0.02. The business had revenue of $7.37 billion during the quarter, compared to analyst estimates of $7.07 billion. CRH had a return on equity of 15.37% and a net margin of 9.65%.The firm’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 anticipate that Crh Plc will post 5.9 earnings per share for the current fiscal year.

CRH Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 17th. Investors of record on Friday, May 15th will be paid a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date is Friday, May 15th. CRH’s dividend payout ratio is presently 28.89%.

Analysts Set New Price Targets

A number of brokerages have recently commented on CRH. Wells Fargo & Company upped their price target on CRH from $133.00 to $135.00 and gave the stock an “equal weight” rating in a report on Friday, February 20th. BNP Paribas Exane upgraded CRH to a “strong-buy” rating in a report on Friday, January 23rd. JPMorgan Chase & Co. upped their price target on CRH from $135.00 to $140.00 and gave the stock an “overweight” rating in a report on Tuesday, March 3rd. Morgan Stanley reiterated an “overweight” rating and set a $139.00 price target on shares of CRH in a report on Wednesday, April 15th. Finally, Weiss Ratings lowered CRH from a “buy (b)” rating to a “hold (c+)” rating in a report on Monday, May 4th. Two analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $139.54.

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.