Sax Wealth Advisors LLC Makes New $596,000 Investment in Crh Plc $CRH

Sax Wealth Advisors LLC acquired a new position in shares of Crh Plc (NYSE:CRH) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 5,670 shares of the construction company’s stock, valued at approximately $596,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its position in shares of CRH by 22.7% during the 4th quarter. Vanguard Group Inc. now owns 79,117,664 shares of the construction company’s stock worth $9,873,884,000 after buying an additional 14,623,673 shares during the period. Norges Bank purchased a new position in CRH in the fourth quarter valued at approximately $1,476,939,000. State Street Corp raised its position in shares of CRH by 81.3% in the fourth quarter. State Street Corp now owns 24,895,205 shares of the construction company’s stock valued at $3,106,927,000 after purchasing an additional 11,167,189 shares during the period. Geode Capital Management LLC boosted its position in shares of CRH by 67.3% in the fourth quarter. Geode Capital Management LLC now owns 14,709,575 shares of the construction company’s stock valued at $1,827,252,000 after acquiring an additional 5,916,930 shares during the period. Finally, Amundi raised its holdings in shares of CRH by 74.7% in the 1st quarter. Amundi now owns 5,965,814 shares of the construction company’s stock valued at $627,126,000 after acquiring an additional 2,550,178 shares in the last quarter. 62.50% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CRH has been the subject of a number of recent research reports. Stephens dropped their target price on CRH from $135.00 to $125.00 and set an “overweight” rating for the company in a research report on Friday, July 31st. Weiss Ratings raised CRH from a “hold (c)” rating to a “buy (b-)” rating in a research note on Friday, July 31st. Morgan Stanley restated an “overweight” rating and set a $139.00 price target on shares of CRH in a report on Wednesday, April 15th. Wells Fargo & Company lowered their price target on CRH from $135.00 to $132.00 and set an “overweight” rating for the company in a research report on Wednesday, July 8th. Finally, Sanford C. Bernstein reiterated an “outperform” rating on shares of CRH in a report on Tuesday, June 23rd. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of $139.44.

CRH Stock Performance

CRH stock opened at $100.50 on Tuesday. Crh Plc has a fifty-two week low of $94.11 and a fifty-two week high of $131.55. The company has a market capitalization of $66.86 billion, a price-to-earnings ratio of 17.72, a price-to-earnings-growth ratio of 1.78 and a beta of 1.34. The business’s 50 day moving average price is $104.56 and its two-hundred day moving average price is $110.21.

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

CRH Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 16th. Investors of record on Friday, August 14th will be given a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend is Friday, August 14th. 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.