Payden & Rygel Acquires 14,600 Shares of Crh Plc $CRH

Payden & Rygel raised its holdings in shares of Crh Plc (NYSE:CRH) by 8.5% in the third quarter, Holdings Channel reports. The institutional investor owned 186,900 shares of the construction company’s stock after buying an additional 14,600 shares during the quarter. CRH accounts for about 1.9% of Payden & Rygel’s portfolio, making the stock its 13th biggest holding. Payden & Rygel’s holdings in CRH were worth $22,409,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of CRH. Vanguard Group Inc. increased its position in CRH by 1.0% during the second quarter. Vanguard Group Inc. now owns 64,405,066 shares of the construction company’s stock worth $5,912,385,000 after acquiring an additional 649,598 shares during the period. Massachusetts Financial Services Co. MA grew its position in CRH by 24.3% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 12,803,346 shares of the construction company’s stock worth $1,175,347,000 after purchasing an additional 2,499,558 shares during the last quarter. Norges Bank bought a new position in shares of CRH during the 2nd quarter worth about $1,007,932,000. Bank of New York Mellon Corp raised its position in shares of CRH by 6.6% during the third quarter. Bank of New York Mellon Corp now owns 9,788,282 shares of the construction company’s stock valued at $1,173,615,000 after buying an additional 603,082 shares during the last quarter. Finally, Boston Partners raised its position in shares of CRH by 9.4% during the second quarter. Boston Partners now owns 9,654,828 shares of the construction company’s stock valued at $888,810,000 after buying an additional 832,027 shares during the last quarter. Institutional investors and hedge funds own 62.50% of the company’s stock.

Analyst Upgrades and Downgrades

CRH has been the topic of a number of recent research reports. Jefferies Financial Group reissued a “buy” rating on shares of CRH in a research report on Monday, December 1st. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of CRH in a report on Monday, December 8th. DA Davidson set a $120.00 target price on CRH in a research note on Friday. JPMorgan Chase & Co. lifted their price target on shares of CRH from $130.00 to $135.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 11th. Finally, UBS Group increased their price objective on shares of CRH from $138.00 to $147.00 and gave the company a “buy” rating in a research note on Thursday, January 8th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, CRH has a consensus rating of “Moderate Buy” and an average price target of $136.27.

CRH Stock Down 1.1%

Shares of NYSE CRH opened at $124.07 on Monday. Crh Plc has a 12-month low of $76.75 and a 12-month high of $131.55. The firm’s 50-day simple moving average is $125.20 and its 200 day simple moving average is $118.82. The company has a market cap of $83.16 billion, a price-to-earnings ratio of 22.48, a price-to-earnings-growth ratio of 2.03 and a beta of 1.33.

CRH (NYSE:CRH) last announced its earnings results on Wednesday, February 18th. The construction company reported $1.52 earnings per share for the quarter, missing analysts’ consensus estimates of $2.20 by ($0.68). CRH had a return on equity of 15.98% and a net margin of 10.02%.The company had revenue of $5.42 billion during the quarter, compared to the consensus estimate of $11.15 billion. During the same period in the prior year, the firm posted $1.02 earnings per share. The company’s revenue 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, equities analysts expect that Crh Plc will post 5.47 earnings per share for the current year.

CRH Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 8th. Shareholders of record on Friday, March 6th will be issued a dividend of $0.39 per share. The ex-dividend date of this dividend is Friday, March 6th. This represents a $1.56 annualized dividend and a yield of 1.3%. This is a positive change from CRH’s previous quarterly dividend of $0.37. CRH’s dividend payout ratio (DPR) is currently 20.11%.

CRH 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.