Bamco Inc. NY Has $101.04 Million Stake in Crh Plc $CRH

Bamco Inc. NY grew its position in Crh Plc (NYSE:CRH) by 2.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 842,734 shares of the construction company’s stock after acquiring an additional 18,569 shares during the period. Bamco Inc. NY owned 0.13% of CRH worth $101,044,000 at the end of the most recent reporting period.

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

CRH Stock Up 0.0%

Shares of CRH stock opened at $99.74 on Friday. The firm has a market cap of $66.65 billion, a price-to-earnings ratio of 18.07, a PEG ratio of 1.74 and a beta of 1.33. Crh Plc has a 12 month low of $76.75 and a 12 month high of $131.55. The stock has a 50-day moving average price of $120.94 and a 200 day moving average price of $118.86.

CRH (NYSE:CRH) last released its earnings results on Wednesday, February 18th. The construction company reported $1.52 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.20 by ($0.68). The business had revenue of $5.42 billion for 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 business’s revenue for the quarter was up 6.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.02 earnings per share. CRH has set its FY 2026 guidance at 5.600-6.050 EPS. Sell-side analysts predict that Crh Plc will post 5.47 earnings per share for the current fiscal year.

CRH Increases Dividend

The firm 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 $0.39 dividend. This is an increase from CRH’s previous quarterly dividend of $0.37. This represents a $1.56 annualized dividend and a yield of 1.6%. The ex-dividend date is Friday, March 6th. CRH’s dividend payout ratio (DPR) is currently 28.26%.

Wall Street Analysts Forecast Growth

CRH has been the topic of several research reports. Jefferies Financial Group reiterated a “buy” rating on shares of CRH in a research report on Monday, December 1st. Longbow Research started coverage on shares of CRH in a research note on Tuesday, December 16th. They issued a “buy” rating and a $160.00 target price for the company. DA Davidson set a $120.00 target price on shares of CRH in a research report on Friday, February 20th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of CRH in a research note on Monday, December 8th. Finally, Citigroup raised their price target on shares of CRH from $142.00 to $155.00 and gave the company a “buy” rating in a report on Thursday, January 8th. Two analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $137.86.

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.