Mackenzie Financial Corp Cuts Stake in Crh Plc $CRH

Mackenzie Financial Corp decreased its holdings in Crh Plc (NYSE:CRH) by 3.2% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 2,072,785 shares of the construction company’s stock after selling 68,973 shares during the quarter. Mackenzie Financial Corp’s holdings in CRH were worth $248,527,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. L2 Asset Management LLC lifted its position in shares of CRH by 3.0% during the 2nd quarter. L2 Asset Management LLC now owns 3,028 shares of the construction company’s stock worth $278,000 after purchasing an additional 89 shares during the last quarter. UMB Bank n.a. lifted its holdings in shares of CRH by 34.8% in the 3rd quarter. UMB Bank n.a. now owns 356 shares of the construction company’s stock valued at $43,000 after purchasing an additional 92 shares during the last quarter. Crossmark Global Holdings Inc. boosted its holdings in shares of CRH by 2.4% in the third quarter. Crossmark Global Holdings Inc. now owns 4,126 shares of the construction company’s stock valued at $495,000 after acquiring an additional 96 shares during the period. Sound View Wealth Advisors Group LLC boosted its stake in CRH by 3.4% during the 3rd quarter. Sound View Wealth Advisors Group LLC now owns 3,082 shares of the construction company’s stock worth $370,000 after purchasing an additional 100 shares during the period. Finally, Shepherd Financial Partners LLC grew its stake in shares of CRH by 0.3% in the 3rd quarter. Shepherd Financial Partners LLC now owns 33,863 shares of the construction company’s stock valued at $4,060,000 after purchasing an additional 106 shares during the last quarter. Institutional investors and hedge funds own 62.50% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Citigroup increased their target price on CRH from $142.00 to $155.00 and gave the stock a “buy” rating in a research note on Thursday, January 8th. Wells Fargo & Company increased their price target on shares of CRH from $133.00 to $135.00 and gave the company an “equal weight” rating in a research report on Friday, February 20th. Jefferies Financial Group reiterated a “buy” rating on shares of CRH in a research report on Monday, December 1st. UBS Group boosted their price target on CRH from $138.00 to $147.00 and gave the company a “buy” rating in a report on Thursday, January 8th. Finally, Morgan Stanley upped their price objective on shares of CRH from $140.00 to $141.00 and gave the company an “overweight” rating in a research note on Monday, March 2nd. Two research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, CRH presently has an average rating of “Moderate Buy” and a consensus target price of $137.86.

CRH Price Performance

Shares of CRH stock opened at $106.26 on Wednesday. The firm has a market cap of $71.01 billion, a P/E ratio of 19.25, a P/E/G ratio of 1.86 and a beta of 1.33. Crh Plc has a 1-year low of $76.75 and a 1-year high of $131.55. The firm has a fifty day moving average of $122.40 and a two-hundred day moving average of $119.16.

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

CRH Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 8th. Investors of record on Friday, March 6th will be paid a dividend of $0.39 per share. This is a boost from CRH’s previous quarterly dividend of $0.37. 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. CRH’s dividend payout ratio (DPR) is 28.26%.

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.