6,454 Shares in Crh Plc $CRH Acquired by Western Wealth Management LLC

Western Wealth Management LLC acquired a new stake in Crh Plc (NYSE:CRH) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 6,454 shares of the construction company’s stock, valued at approximately $678,000.

Other large investors have also made changes to their positions in the company. Flagship Harbor Advisors LLC acquired a new stake in shares of CRH during the fourth quarter worth $26,000. Riggs Asset Managment Co. Inc. increased its stake in 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 purchasing an additional 312 shares during the last quarter. Bell Investment Advisors Inc lifted its position in CRH by 51.2% during the first quarter. Bell Investment Advisors Inc now owns 304 shares of the construction company’s stock worth $32,000 after buying an additional 103 shares during the period. Kemnay Advisory Services Inc. acquired a new stake in CRH in the 4th quarter worth about $33,000. Finally, Elyxium Wealth LLC acquired a new stake in CRH in the 4th quarter worth about $37,000. Institutional investors and hedge funds own 62.50% of the company’s stock.

CRH Price Performance

Shares of CRH stock opened at $97.68 on Friday. The firm has a fifty day moving average of $104.11 and a two-hundred day moving average of $109.71. The firm has a market cap of $64.99 billion, a P/E ratio of 17.23, a P/E/G ratio of 1.74 and a beta of 1.34. Crh Plc has a 1-year low of $94.11 and a 1-year high of $131.55.

CRH (NYSE:CRH) last posted its quarterly earnings results on Thursday, July 30th. The construction company reported $2.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.02 by $0.19. The company had revenue of $10.78 billion for the quarter, compared to the consensus estimate of $10.68 billion. CRH had a net margin of 9.93% and a return on equity of 15.76%. The company’s revenue for the quarter was up 5.6% on a year-over-year basis. During the same period last year, the firm posted $1.94 EPS. CRH has set its FY 2026 guidance at 5.600-6.050 EPS. On average, sell-side analysts expect that Crh Plc will post 5.8 EPS for the current year.

CRH Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 16th. Investors of record on Friday, August 14th will be given a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date is Friday, August 14th. CRH’s dividend payout ratio is currently 27.51%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on CRH. Truist Financial lowered their price objective on shares of CRH from $140.00 to $130.00 and set a “buy” rating for the company in a research note on Friday, July 31st. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of CRH in a research report on Tuesday, June 23rd. Wells Fargo & Company reduced their target price on CRH from $135.00 to $132.00 and set an “overweight” rating on the stock in a report on Wednesday, July 8th. Jefferies Financial Group upped their price target on CRH from $149.00 to $165.60 and gave the stock a “buy” rating in a research note on Friday, June 26th. Finally, Stephens cut their price objective on CRH from $135.00 to $125.00 and set an “overweight” rating on the stock in a report on Friday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $139.44.

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.