TD Asset Management Inc Purchases 569,599 Shares of Crh Plc $CRH

TD Asset Management Inc boosted its position in shares of Crh Plc (NYSE:CRH) by 20.6% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 3,328,383 shares of the construction company’s stock after purchasing an additional 569,599 shares during the period. TD Asset Management Inc owned about 0.50% of CRH worth $415,382,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in CRH. Board of the Pension Protection Fund bought a new position in CRH during the 4th quarter valued at about $25,000. Harbor Investment Advisory LLC lifted its holdings in CRH by 87.6% during the 4th quarter. Harbor Investment Advisory LLC now owns 212 shares of the construction company’s stock valued at $26,000 after purchasing an additional 99 shares during the last quarter. Flagship Harbor Advisors LLC bought a new position in CRH during the 4th quarter valued at about $26,000. United Community Bank lifted its holdings in CRH by 359.6% during the 3rd quarter. United Community Bank now owns 239 shares of the construction company’s stock valued at $29,000 after purchasing an additional 187 shares during the last quarter. Finally, Riggs Asset Managment Co. Inc. lifted its holdings in CRH by 1,835.3% during the 2nd quarter. Riggs Asset Managment Co. Inc. now owns 329 shares of the construction company’s stock valued at $30,000 after purchasing an additional 312 shares during the last quarter. 62.50% of the stock is owned by institutional investors.

CRH Price Performance

Shares of NYSE:CRH opened at $106.06 on Thursday. Crh Plc has a one year low of $86.82 and a one year high of $131.55. The company has a 50 day moving average of $109.58 and a 200-day moving average of $116.29. The stock has a market cap of $70.87 billion, a price-to-earnings ratio of 19.64, a P/E/G ratio of 1.85 and a beta of 1.31.

CRH (NYSE:CRH) last issued its quarterly earnings results on Thursday, April 30th. The construction company reported ($0.20) EPS for the quarter, topping the consensus estimate of ($0.22) by $0.02. CRH had a net margin of 9.65% and a return on equity of 15.37%. The company had revenue of $7.37 billion during the quarter, compared to analysts’ expectations 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. Equities research analysts anticipate that Crh Plc will post 5.92 earnings per share for the current year.

CRH Dividend Announcement

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

Analyst Ratings Changes

Several equities research analysts have weighed in on CRH shares. Weiss Ratings cut shares of CRH from a “buy (b)” rating to a “hold (c+)” rating in a research report on Monday, May 4th. DA Davidson set a $120.00 price objective on shares of CRH in a research report on Friday, February 20th. JPMorgan Chase & Co. raised their price objective on shares of CRH from $135.00 to $140.00 and gave the company an “overweight” rating in a research report on Tuesday, March 3rd. Wells Fargo & Company raised their price objective on shares of CRH from $133.00 to $135.00 and gave the company an “equal weight” rating in a research report on Friday, February 20th. Finally, Morgan Stanley restated an “overweight” rating and issued a $139.00 price objective on shares of CRH in a research report on Wednesday, April 15th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $139.54.

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.