ING Groep NV Trims Holdings in Crh Plc $CRH

ING Groep NV lessened its holdings in shares of Crh Plc (NYSE:CRH) by 67.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 178,164 shares of the construction company’s stock after selling 373,236 shares during the period. ING Groep NV’s holdings in CRH were worth $22,235,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Vanguard Group Inc. increased its holdings in CRH by 22.7% during the 4th quarter. Vanguard Group Inc. now owns 79,117,664 shares of the construction company’s stock valued at $9,873,884,000 after purchasing an additional 14,623,673 shares during the period. Geode Capital Management LLC increased its holdings in CRH by 67.3% during the 4th quarter. Geode Capital Management LLC now owns 14,709,575 shares of the construction company’s stock valued at $1,827,252,000 after purchasing an additional 5,916,930 shares during the period. State Street Corp increased its holdings in CRH by 2.9% during the 3rd quarter. State Street Corp now owns 13,728,016 shares of the construction company’s stock valued at $1,645,995,000 after purchasing an additional 392,146 shares during the period. Massachusetts Financial Services Co. MA increased its holdings in CRH by 0.6% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 12,439,954 shares of the construction company’s stock valued at $1,552,506,000 after purchasing an additional 78,769 shares during the period. Finally, Norges Bank purchased a new position in CRH during the 4th quarter valued at about $1,476,939,000. Hedge funds and other institutional investors own 62.50% of the company’s stock.

CRH Stock Performance

CRH stock opened at $105.10 on Monday. Crh Plc has a fifty-two week low of $86.82 and a fifty-two week high of $131.55. The business’s 50 day moving average price is $109.57 and its two-hundred day moving average price is $116.24. The company has a market capitalization of $70.23 billion, a price-to-earnings ratio of 19.46, a price-to-earnings-growth ratio of 1.83 and a beta of 1.31.

CRH (NYSE:CRH) last posted its earnings results on Thursday, April 30th. The construction company reported ($0.20) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.22) by $0.02. CRH had a return on equity of 15.37% and a net margin of 9.65%.The firm had revenue of $7.37 billion for the quarter, compared to the consensus estimate of $7.07 billion. The company’s revenue for the quarter was up 9.1% compared to the same quarter last year. CRH has set its FY 2026 guidance at 5.600-6.050 EPS. Sell-side analysts forecast that Crh Plc will post 5.92 earnings per share for the current year.

CRH Announces Dividend

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

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Weiss Ratings downgraded CRH from a “buy (b)” rating to a “hold (c+)” rating in a report on Monday, May 4th. JPMorgan Chase & Co. upped their target price 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 target price on CRH in a report on Friday, February 20th. Wells Fargo & Company upped their target price on CRH from $133.00 to $135.00 and gave the stock an “equal weight” rating in a report on Friday, February 20th. Finally, Morgan Stanley reiterated an “overweight” rating and set a $139.00 target price on shares of CRH in a report on Wednesday, April 15th. Two research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, CRH presently has an average rating of “Moderate Buy” and an average target price 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.