Swiss National Bank Buys 124,600 Shares of Crh Plc $CRH

Swiss National Bank grew its stake in shares of Crh Plc (NYSE:CRH) by 6.8% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,967,060 shares of the construction company’s stock after buying an additional 124,600 shares during the quarter. Swiss National Bank’s holdings in CRH were worth $206,777,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CRH. Vanguard Group Inc. increased its stake in CRH by 22.7% in the fourth quarter. Vanguard Group Inc. now owns 79,117,664 shares of the construction company’s stock valued at $9,873,884,000 after acquiring an additional 14,623,673 shares during the last quarter. State Street Corp lifted its stake in CRH by 81.3% during the fourth quarter. State Street Corp now owns 24,895,205 shares of the construction company’s stock worth $3,106,927,000 after purchasing an additional 11,167,189 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of CRH by 67.3% in the 4th quarter. Geode Capital Management LLC now owns 14,709,575 shares of the construction company’s stock worth $1,827,252,000 after purchasing an additional 5,916,930 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in shares of CRH by 0.6% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 12,439,954 shares of the construction company’s stock worth $1,552,506,000 after purchasing an additional 78,769 shares in the last quarter. Finally, Norges Bank bought a new position in shares of CRH during the 4th quarter valued at about $1,476,939,000. 62.50% of the stock is currently owned by hedge funds and other institutional investors.

CRH Trading Up 0.0%

CRH opened at $102.96 on Monday. Crh Plc has a 12 month low of $92.66 and a 12 month high of $131.55. The business’s 50-day moving average price is $106.33 and its 200-day moving average price is $113.15. The company has a market cap of $68.80 billion, a P/E ratio of 19.07, a P/E/G ratio of 1.78 and a beta of 1.32.

CRH (NYSE:CRH) last issued its earnings results on Thursday, April 30th. The construction company reported ($0.20) earnings per share for the quarter, beating the consensus estimate of ($0.22) by $0.02. CRH had a return on equity of 15.37% and a net margin of 9.65%.The company had revenue of $7.37 billion during the quarter, compared to analysts’ expectations of $7.07 billion. The firm’s quarterly 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. Equities research analysts forecast that Crh Plc will post 5.96 earnings per share for the current fiscal year.

CRH Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 17th. Shareholders of record on Friday, May 15th were given a $0.39 dividend. The ex-dividend date was Friday, May 15th. This represents a $1.56 annualized dividend and a yield of 1.5%. CRH’s payout ratio is presently 28.89%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on CRH. Weiss Ratings cut CRH from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, June 18th. Wells Fargo & Company cut their target price on CRH from $135.00 to $132.00 and set an “overweight” rating for the company in a research note on Wednesday, July 8th. Sanford C. Bernstein reiterated an “outperform” rating on shares of CRH in a research report on Tuesday, June 23rd. Morgan Stanley restated an “overweight” rating and issued a $139.00 price objective on shares of CRH in a report on Wednesday, April 15th. Finally, Jefferies Financial Group upped their price objective on shares of CRH from $149.00 to $165.60 and gave the company a “buy” rating in a research note on Friday, June 26th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, CRH currently has a consensus rating of “Buy” and an average target price of $141.19.

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.