Czech National Bank Raises Stock Holdings in Crh Plc $CRH

Czech National Bank lifted its holdings in Crh Plc (NYSE:CRH) by 4.2% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 190,195 shares of the construction company’s stock after purchasing an additional 7,650 shares during the quarter. Czech National Bank’s holdings in CRH were worth $20,351,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. Flagship Harbor Advisors LLC purchased a new position in CRH in the fourth quarter worth about $26,000. Kemnay Advisory Services Inc. purchased a new stake in CRH during 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 during the period. Elyxium Wealth LLC bought a new stake in shares of CRH in the 4th quarter valued at approximately $37,000. Finally, Bell Investment Advisors Inc lifted its stake in shares of CRH by 51.2% in the 1st quarter. Bell Investment Advisors Inc now owns 304 shares of the construction company’s stock valued at $32,000 after purchasing an additional 103 shares during the last quarter. Hedge funds and other institutional investors own 62.50% of the company’s stock.

CRH Trading Up 3.1%

NYSE:CRH opened at $100.66 on Friday. The company has a market cap of $66.97 billion, a price-to-earnings ratio of 17.75, a price-to-earnings-growth ratio of 1.73 and a beta of 1.34. Crh Plc has a twelve month low of $94.11 and a twelve month high of $131.55. The stock has a fifty day simple moving average of $104.68 and a 200-day simple moving average of $110.45.

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

CRH Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 16th. Investors of record on Friday, August 14th will be paid a $0.39 dividend. The ex-dividend date of this dividend is Friday, August 14th. This represents a $1.56 annualized dividend and a yield of 1.5%. CRH’s dividend payout ratio is 27.51%.

Analyst Ratings Changes

A number of research analysts have weighed in on CRH shares. Truist Financial cut their price objective on shares of CRH from $140.00 to $130.00 and set a “buy” rating on the stock in a research report on Friday, July 31st. Weiss Ratings upgraded shares of CRH from a “hold (c)” rating to a “buy (b-)” rating in a report on Friday, July 31st. Stephens dropped their price target on shares of CRH from $135.00 to $125.00 and set an “overweight” rating for the company in a research note on Friday, July 31st. Sanford C. Bernstein reiterated an “outperform” rating on shares of CRH in a report on Tuesday, June 23rd. Finally, Jefferies Financial Group increased their price objective on shares of CRH from $149.00 to $165.60 and gave the stock a “buy” rating in a research report on Friday, June 26th. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, CRH currently has an average rating of “Buy” and an average price target of $139.44.

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.