6,429 Shares in Crh Plc $CRH Bought by Canandaigua National Bank & Trust Co.

Canandaigua National Bank & Trust Co. purchased a new stake in Crh Plc (NYSE:CRH) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 6,429 shares of the construction company’s stock, valued at approximately $688,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Flagship Harbor Advisors LLC bought a new stake in shares of CRH during the 4th quarter worth approximately $26,000. Kemnay Advisory Services Inc. bought a new position in CRH in the fourth quarter valued at approximately $33,000. Meeder Asset Management Inc. raised its position in CRH by 29,400.0% during the fourth quarter. Meeder Asset Management Inc. now owns 295 shares of the construction company’s stock valued at $37,000 after purchasing an additional 294 shares in the last quarter. Elyxium Wealth LLC acquired a new position in CRH during the fourth quarter valued at approximately $37,000. Finally, Bell Investment Advisors Inc lifted its stake in CRH by 51.2% during the first quarter. Bell Investment Advisors Inc now owns 304 shares of the construction company’s stock worth $32,000 after purchasing an additional 103 shares during the last quarter. Institutional investors own 62.50% of the company’s stock.

Analyst Ratings Changes

Several research firms recently weighed in on CRH. Truist Financial reduced their price objective on CRH from $140.00 to $130.00 and set a “buy” rating on the stock in a research note on Friday, July 31st. Jefferies Financial Group increased their target price on shares of CRH from $149.00 to $165.60 and gave the stock a “buy” rating in a report on Friday, June 26th. Sanford C. Bernstein restated an “outperform” rating on shares of CRH in a research note on Tuesday, June 23rd. Stephens decreased their price target on shares of CRH from $135.00 to $125.00 and set an “overweight” rating on the stock in a report on Friday, July 31st. Finally, Morgan Stanley reiterated an “overweight” rating and set a $139.00 price objective on shares of CRH in a research report on Wednesday, April 15th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $139.44.

CRH Stock Up 1.3%

Shares of CRH stock opened at $100.08 on Thursday. Crh Plc has a 52 week low of $94.11 and a 52 week high of $131.55. The company has a market cap of $66.88 billion, a price-to-earnings ratio of 17.65, a price-to-earnings-growth ratio of 1.76 and a beta of 1.34. The firm has a 50 day moving average of $105.03 and a 200-day moving average of $110.69.

CRH (NYSE:CRH) last posted its quarterly earnings results on Thursday, July 30th. The construction company reported $2.21 earnings per share for the quarter, topping analysts’ consensus estimates of $2.02 by $0.19. CRH had a return on equity of 15.76% and a net margin of 9.93%.The business had revenue of $10.78 billion for the quarter, compared to the consensus estimate of $10.68 billion. During the same period in the prior year, the business earned $1.94 EPS. The firm’s revenue for the quarter was up 5.6% on a year-over-year basis. CRH has set its FY 2026 guidance at 5.600-6.050 EPS. Analysts anticipate that Crh Plc will post 5.8 earnings per share for the current year.

CRH Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 16th. Shareholders of record on Friday, August 14th will be paid a dividend of $0.39 per share. The ex-dividend date is Friday, August 14th. This represents a $1.56 annualized dividend and a yield of 1.6%. CRH’s dividend payout ratio (DPR) is 27.51%.

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.