Crh Plc $CRH Shares Sold by Greenland Capital Management LP

Greenland Capital Management LP cut its holdings in Crh Plc (NYSE:CRH) by 69.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,339 shares of the construction company’s stock after selling 16,955 shares during the quarter. Greenland Capital Management LP’s holdings in CRH were worth $880,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in CRH. Principal Financial Group Inc. grew its position in CRH by 24.7% in the third quarter. Principal Financial Group Inc. now owns 2,269,271 shares of the construction company’s stock worth $272,086,000 after buying an additional 448,860 shares during the last quarter. Park Avenue Securities LLC acquired a new stake in shares of CRH during the 3rd quarter valued at $4,491,000. Exane Asset Management boosted its stake in shares of CRH by 21.2% during the 3rd quarter. Exane Asset Management now owns 663,774 shares of the construction company’s stock worth $80,735,000 after acquiring an additional 116,178 shares in the last quarter. Cibc World Market Inc. grew its holdings in shares of CRH by 36.2% in the 3rd quarter. Cibc World Market Inc. now owns 56,390 shares of the construction company’s stock worth $6,761,000 after acquiring an additional 14,985 shares during the last quarter. Finally, Dynasty Wealth Management LLC raised its position in shares of CRH by 77.5% during the third quarter. Dynasty Wealth Management LLC now owns 34,077 shares of the construction company’s stock worth $4,086,000 after purchasing an additional 14,877 shares during the period. Institutional investors own 62.50% of the company’s stock.

CRH Price Performance

NYSE CRH opened at $122.70 on Wednesday. The firm has a market capitalization of $82.24 billion, a price-to-earnings ratio of 22.23, a price-to-earnings-growth ratio of 1.99 and a beta of 1.33. The company has a 50 day simple moving average of $125.00 and a 200-day simple moving average of $119.01. Crh Plc has a 52-week low of $76.75 and a 52-week high of $131.55.

CRH (NYSE:CRH) last released its quarterly earnings data on Wednesday, February 18th. The construction company reported $1.52 earnings per share for the quarter, missing the consensus estimate of $2.20 by ($0.68). The company had revenue of $5.42 billion during the quarter, compared to analyst estimates of $11.15 billion. CRH had a net margin of 10.02% and a return on equity of 15.98%. The firm’s quarterly revenue was up 6.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.02 EPS. CRH has set its FY 2026 guidance at 5.600-6.050 EPS. On average, analysts predict that Crh Plc will post 5.47 EPS for the current year.

CRH Increases Dividend

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

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the company. Morgan Stanley increased their price target on CRH from $131.00 to $140.00 and gave the company an “overweight” rating in a research report on Wednesday, December 10th. Citigroup upped their price objective on shares of CRH from $142.00 to $155.00 and gave the company a “buy” rating in a research note on Thursday, January 8th. UBS Group lifted their target price 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. DA Davidson set a $120.00 price target on shares of CRH in a report on Friday. Finally, JPMorgan Chase & Co. raised their price objective 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. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, CRH has an average rating of “Moderate Buy” and an average price target of $136.27.

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.