SouthState Bank Corp Increases Stock Position in Crh Plc $CRH

SouthState Bank Corp boosted its stake in Crh Plc (NYSE:CRH) by 36.6% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 30,008 shares of the construction company’s stock after purchasing an additional 8,037 shares during the quarter. SouthState Bank Corp’s holdings in CRH were worth $3,745,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in CRH. Board of the Pension Protection Fund purchased a new stake in shares of CRH during the 4th quarter valued at about $25,000. Harbor Investment Advisory LLC raised its position in shares of CRH by 87.6% during the 4th quarter. Harbor Investment Advisory LLC now owns 212 shares of the construction company’s stock valued at $26,000 after buying an additional 99 shares in the last quarter. Flagship Harbor Advisors LLC purchased a new stake in shares of CRH during the 4th quarter valued at about $26,000. Riggs Asset Managment Co. Inc. raised its position in shares of CRH by 1,835.3% during the 2nd quarter. Riggs Asset Managment Co. Inc. now owns 329 shares of the construction company’s stock valued at $30,000 after buying an additional 312 shares in the last quarter. Finally, Elyxium Wealth LLC purchased a new stake in shares of CRH during the 4th quarter valued at about $37,000. 62.50% of the stock is currently owned by hedge funds and other institutional investors.

CRH Trading Down 1.4%

Shares of NYSE:CRH opened at $105.10 on Friday. The company has a market capitalization of $70.23 billion, a price-to-earnings ratio of 19.46, a PEG ratio of 1.83 and a beta of 1.31. Crh Plc has a 12 month low of $86.82 and a 12 month high of $131.55. The firm’s 50-day moving average is $109.57 and its 200 day moving average is $116.19.

CRH (NYSE:CRH) last issued its quarterly earnings results on Thursday, April 30th. The construction company reported ($0.20) EPS for the quarter, beating the consensus estimate of ($0.22) by $0.02. The company had revenue of $7.37 billion for the quarter, compared to the consensus estimate of $7.07 billion. CRH had a net margin of 9.65% and a return on equity of 15.37%. The firm’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, equities analysts forecast that Crh Plc will post 5.92 EPS for the current fiscal year.

CRH Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 17th. Investors of record on Friday, May 15th will be issued a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 1.5%. The ex-dividend date is Friday, May 15th. CRH’s dividend payout ratio is presently 28.89%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on CRH. Weiss Ratings cut shares of CRH from a “buy (b)” rating to a “hold (c+)” rating in a research report on Monday, May 4th. Morgan Stanley restated an “overweight” rating and set a $139.00 target price on shares of CRH in a research report on Wednesday, April 15th. JPMorgan Chase & Co. upped their target price on shares of CRH from $135.00 to $140.00 and gave the company an “overweight” rating in a research report on Tuesday, March 3rd. DA Davidson set a $120.00 target price on shares of CRH in a research report on Friday, February 20th. Finally, Wells Fargo & Company upped their target price 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. Two investment analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $139.54.

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.