Crh Plc $CRH Shares Sold by Neuberger Berman Group LLC

Neuberger Berman Group LLC lowered its holdings in Crh Plc (NYSE:CRH) by 11.0% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,565,915 shares of the construction company’s stock after selling 193,008 shares during the quarter. Neuberger Berman Group LLC owned 0.23% of CRH worth $187,752,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. Vanguard Group Inc. raised its holdings in CRH by 1.0% in the 2nd quarter. Vanguard Group Inc. now owns 64,405,066 shares of the construction company’s stock valued at $5,912,385,000 after buying an additional 649,598 shares during the period. Massachusetts Financial Services Co. MA lifted its position 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. Norges Bank purchased a new position in CRH during the second quarter worth about $1,007,932,000. Bank of New York Mellon Corp boosted its stake in 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 worth $1,173,615,000 after buying an additional 603,082 shares during the period. Finally, Boston Partners increased 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 acquiring an additional 832,027 shares during the last quarter. Institutional investors and hedge funds own 62.50% of the company’s stock.

CRH Stock Performance

Shares of CRH stock opened at $106.36 on Friday. The business has a 50-day simple moving average of $123.21 and a 200-day simple moving average of $119.13. Crh Plc has a one year low of $76.75 and a one year high of $131.55. The company has a market cap of $71.07 billion, a PE ratio of 19.27, a P/E/G ratio of 1.94 and a beta of 1.33.

CRH (NYSE:CRH) last issued its earnings results 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). CRH had a net margin of 10.02% and a return on equity of 15.98%. The firm had revenue of $5.42 billion during the quarter, compared to analyst estimates of $11.15 billion. During the same period last year, the business earned $1.02 EPS. The firm’s revenue was up 6.2% compared to the same quarter last year. CRH has set its FY 2026 guidance at 5.600-6.050 EPS. On average, sell-side analysts predict that Crh Plc will post 5.47 earnings per share for the current fiscal year.

CRH Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 8th. Stockholders of record on Friday, March 6th will be issued a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date is Friday, March 6th. This is a positive change from CRH’s previous quarterly dividend of $0.37. CRH’s dividend payout ratio (DPR) is 20.11%.

Analyst Ratings Changes

A number of research firms have recently issued reports on CRH. JPMorgan Chase & Co. boosted their price target on shares of CRH from $135.00 to $140.00 and gave the company an “overweight” rating in a research note on Tuesday. DA Davidson set a $120.00 price objective on shares of CRH in a research report on Friday, February 20th. Wells Fargo & Company lifted their target price on shares of CRH from $133.00 to $135.00 and gave the company an “equal weight” rating in a report on Friday, February 20th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of CRH in a research report on Monday, December 8th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of CRH in a research report on Monday, December 22nd. Two investment 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 company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $137.86.

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.