Mediolanum International Funds Ltd Sells 246,347 Shares of Crh Plc $CRH

Mediolanum International Funds Ltd decreased its stake in Crh Plc (NYSE:CRH) by 85.6% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 41,400 shares of the construction company’s stock after selling 246,347 shares during the period. Mediolanum International Funds Ltd’s holdings in CRH were worth $4,219,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Pacific Capital Partners Ltd grew its stake in CRH by 47.1% during the fourth quarter. Pacific Capital Partners Ltd now owns 43,750 shares of the construction company’s stock valued at $5,460,000 after acquiring an additional 14,000 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of CRH by 680.6% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 119,237 shares of the construction company’s stock valued at $14,881,000 after purchasing an additional 103,962 shares during the last quarter. Principal Financial Group Inc. grew its position in shares of CRH by 33.2% during the fourth quarter. Principal Financial Group Inc. now owns 3,021,734 shares of the construction company’s stock valued at $377,112,000 after purchasing an additional 752,463 shares in the last quarter. Alphinity Investment Management Pty Ltd grew its position in shares of CRH by 3.3% during the fourth quarter. Alphinity Investment Management Pty Ltd now owns 4,337,447 shares of the construction company’s stock valued at $541,313,000 after purchasing an additional 137,048 shares in the last quarter. Finally, Mirabaud Asset Management Ltd increased its holdings in shares of CRH by 38.2% in the fourth quarter. Mirabaud Asset Management Ltd now owns 98,038 shares of the construction company’s stock worth $12,235,000 after purchasing an additional 27,118 shares during the last quarter. Institutional investors own 62.50% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. Weiss Ratings downgraded CRH from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, June 18th. Sanford C. Bernstein restated an “outperform” rating on shares of CRH in a report on Tuesday, June 23rd. Jefferies Financial Group lifted their price objective on CRH from $149.00 to $165.60 and gave the stock a “buy” rating in a research note on Friday, June 26th. Wells Fargo & Company decreased their price objective on CRH from $135.00 to $132.00 and set an “overweight” rating on the stock in a report on Wednesday, July 8th. Finally, Morgan Stanley reiterated an “overweight” rating and set a $139.00 target price on shares of CRH in a research report on Wednesday, April 15th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $141.19.

CRH Stock Down 3.0%

CRH stock opened at $99.81 on Tuesday. The company’s 50-day moving average price is $106.08 and its 200-day moving average price is $112.97. The company has a market cap of $66.69 billion, a PE ratio of 18.48, a price-to-earnings-growth ratio of 1.78 and a beta of 1.32. Crh Plc has a twelve month low of $93.58 and a twelve month high of $131.55.

CRH (NYSE:CRH) last announced its quarterly 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 firm had revenue of $7.37 billion during 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 company’s revenue was up 9.1% on a year-over-year basis. CRH has set its FY 2026 guidance at 5.600-6.050 EPS. As a group, sell-side analysts expect that Crh Plc will post 5.96 earnings per share for the current fiscal year.

CRH Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 17th. Stockholders of record on Friday, May 15th were paid a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend was Friday, May 15th. CRH’s dividend payout ratio (DPR) is presently 28.89%.

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.