Resona Asset Management Co. Ltd. Lowers Holdings in Crh Plc $CRH

Resona Asset Management Co. Ltd. decreased its stake in Crh Plc (NYSE:CRH) by 6.8% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 172,535 shares of the construction company’s stock after selling 12,687 shares during the quarter. Resona Asset Management Co. Ltd.’s holdings in CRH were worth $21,532,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of CRH. Board of the Pension Protection Fund purchased a new stake in shares of CRH in the fourth quarter worth about $25,000. Harbor Investment Advisory LLC boosted its stake in shares of CRH by 87.6% in the fourth quarter. Harbor Investment Advisory LLC now owns 212 shares of the construction company’s stock worth $26,000 after buying an additional 99 shares during the last quarter. Flagship Harbor Advisors LLC acquired a new position in CRH in the 4th quarter worth about $26,000. United Community Bank raised its holdings in CRH by 359.6% in the 3rd quarter. United Community Bank now owns 239 shares of the construction company’s stock worth $29,000 after purchasing an additional 187 shares during the period. Finally, Riggs Asset Managment Co. Inc. raised its holdings in CRH by 1,835.3% in the 2nd quarter. Riggs Asset Managment Co. Inc. now owns 329 shares of the construction company’s stock worth $30,000 after purchasing an additional 312 shares during the period. Hedge funds and other institutional investors own 62.50% of the company’s stock.

CRH Price Performance

Shares of CRH stock opened at $98.53 on Wednesday. The business has a 50 day simple moving average of $109.27 and a two-hundred day simple moving average of $117.13. Crh Plc has a 12 month low of $86.82 and a 12 month high of $131.55. The stock has a market capitalization of $65.84 billion, a P/E ratio of 18.25, a PEG ratio of 1.80 and a beta of 1.36.

CRH (NYSE:CRH) last announced its earnings results on Thursday, April 30th. The construction company reported ($0.20) EPS for the quarter, beating analysts’ consensus estimates of ($0.22) by $0.02. The business had revenue of $7.37 billion during the quarter, compared to analysts’ expectations of $7.07 billion. CRH had a return on equity of 15.37% and a net margin of 9.65%.The company’s revenue was up 9.1% compared to the same quarter last year. CRH has set its FY 2026 guidance at 5.600-6.050 EPS. As a group, research analysts anticipate that Crh Plc will post 5.91 EPS for the current fiscal year.

CRH Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 17th. Stockholders of record on Friday, May 15th will be given a $0.39 dividend. The ex-dividend date is Friday, May 15th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 1.6%. CRH’s dividend payout ratio is 28.89%.

Analyst Ratings Changes

CRH has been the subject of a number of analyst reports. JPMorgan Chase & Co. upped their price target on CRH from $135.00 to $140.00 and gave the stock an “overweight” rating in a report on Tuesday, March 3rd. DA Davidson set a $120.00 price target on CRH in a report on Friday, February 20th. Morgan Stanley reaffirmed an “overweight” rating and issued a $139.00 price target on shares of CRH in a report on Wednesday, April 15th. BNP Paribas Exane raised CRH to a “strong-buy” rating in a report on Friday, January 23rd. Finally, Wells Fargo & Company upped their price target on CRH from $133.00 to $135.00 and gave the stock an “equal weight” rating in a report on Friday, February 20th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $139.54.

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.