Raiffeisen Bank International AG Raises Stock Holdings in Crh Plc $CRH

Raiffeisen Bank International AG grew its holdings in Crh Plc (NYSE:CRH) by 10.1% during the third quarter, HoldingsChannel.com reports. The fund owned 67,333 shares of the construction company’s stock after purchasing an additional 6,151 shares during the quarter. Raiffeisen Bank International AG’s holdings in CRH were worth $8,073,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Norges Bank acquired a new stake in shares of CRH during the second quarter worth approximately $1,007,932,000. Eleva Capital SAS bought a new stake in CRH in the second quarter valued at about $250,562,000. Massachusetts Financial Services Co. MA increased its holdings in CRH by 24.3% in the second 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 buying an additional 2,499,558 shares during the last quarter. Marshall Wace LLP raised its stake in CRH by 45.3% during the second quarter. Marshall Wace LLP now owns 6,031,903 shares of the construction company’s stock valued at $553,729,000 after buying an additional 1,881,550 shares in the last quarter. Finally, Baupost Group LLC MA lifted its holdings in CRH by 42.0% during the 2nd quarter. Baupost Group LLC MA now owns 3,825,395 shares of the construction company’s stock worth $351,171,000 after buying an additional 1,131,000 shares during the last quarter. 62.50% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on CRH shares. Jefferies Financial Group reiterated a “buy” rating on shares of CRH in a report on Monday, December 1st. UBS Group raised their price target on shares of CRH from $138.00 to $147.00 and gave the stock a “buy” rating in a research report on Thursday, January 8th. Longbow Research assumed coverage on CRH in a report on Tuesday, December 16th. They set a “buy” rating and a $160.00 target price for the company. JPMorgan Chase & Co. boosted their price objective on CRH from $130.00 to $135.00 and gave the company an “overweight” rating in a research report on Tuesday, November 11th. Finally, DA Davidson set a $120.00 price target on shares of CRH in a research report on Friday. Two analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, CRH currently has an average rating of “Moderate Buy” and an average price target of $136.27.

CRH Price Performance

Shares of CRH stock opened at $124.07 on Friday. Crh Plc has a 1-year low of $76.75 and a 1-year high of $131.55. The business’s fifty day moving average price is $125.20 and its two-hundred day moving average price is $118.52. The company has a market capitalization of $83.16 billion, a P/E ratio of 22.48, a PEG ratio of 1.90 and a beta of 1.33.

CRH (NYSE:CRH) last issued its quarterly earnings results on Wednesday, February 18th. The construction company reported $1.52 EPS for the quarter, missing analysts’ consensus estimates 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 analyst estimates of $11.15 billion. During the same period last year, the business posted $1.02 earnings per share. CRH’s revenue for the quarter was up 6.2% on a year-over-year basis. CRH has set its FY 2026 guidance at 5.600-6.050 EPS. On average, research analysts expect that Crh Plc will post 5.47 earnings per share for the current fiscal year.

CRH Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 8th. Stockholders of record on Friday, March 6th will be paid a $0.39 dividend. The ex-dividend date of this dividend is Friday, March 6th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 1.3%. This is an increase from CRH’s previous quarterly dividend of $0.37. CRH’s dividend payout ratio (DPR) is currently 20.11%.

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.