TD Asset Management Inc Raises Stock Position in Crh Plc $CRH

TD Asset Management Inc grew its stake in Crh Plc (NYSE:CRH) by 41.0% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,758,784 shares of the construction company’s stock after purchasing an additional 802,156 shares during the quarter. TD Asset Management Inc owned about 0.41% of CRH worth $330,778,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the stock. NewEdge Advisors LLC lifted its holdings in CRH by 158.5% in the first quarter. NewEdge Advisors LLC now owns 8,670 shares of the construction company’s stock worth $763,000 after buying an additional 5,316 shares during the period. Empowered Funds LLC boosted its position in shares of CRH by 5.3% during the first quarter. Empowered Funds LLC now owns 13,178 shares of the construction company’s stock valued at $1,159,000 after purchasing an additional 658 shares in the last quarter. Sivia Capital Partners LLC raised its holdings in CRH by 58.5% in the second quarter. Sivia Capital Partners LLC now owns 4,279 shares of the construction company’s stock worth $393,000 after purchasing an additional 1,579 shares in the last quarter. D.A. Davidson & CO. lifted its position in CRH by 28.3% during the second quarter. D.A. Davidson & CO. now owns 11,815 shares of the construction company’s stock valued at $1,085,000 after buying an additional 2,605 shares during the period. Finally, Ethic Inc. grew its position in shares of CRH by 12.9% in the 2nd quarter. Ethic Inc. now owns 7,215 shares of the construction company’s stock worth $660,000 after buying an additional 826 shares during the period. Institutional investors own 62.50% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Morgan Stanley lifted their price target on shares of CRH from $131.00 to $140.00 and gave the company an “overweight” rating in a research report on Wednesday, December 10th. Citigroup upped their price target on CRH from $142.00 to $155.00 and gave the stock a “buy” rating in a research note on Thursday, January 8th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of CRH in a research note on Monday, December 8th. Weiss Ratings reissued a “buy (b-)” rating on shares of CRH in a research note on Monday, December 22nd. Finally, JPMorgan Chase & Co. lifted their price target on CRH from $130.00 to $135.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 11th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, CRH has an average rating of “Moderate Buy” and an average price target of $136.27.

CRH Price Performance

CRH stock opened at $122.70 on Wednesday. Crh Plc has a one year low of $76.75 and a one year high of $131.55. The business’s fifty day moving average is $125.00 and its 200 day moving average is $119.01. The stock has a market capitalization of $82.24 billion, a PE ratio of 22.23, a price-to-earnings-growth ratio of 1.99 and a beta of 1.33.

CRH (NYSE:CRH) last issued its earnings results on Wednesday, February 18th. The construction company reported $1.52 earnings per share for the quarter, missing analysts’ consensus estimates of $2.20 by ($0.68). The business had revenue of $5.42 billion during the quarter, compared to analysts’ expectations of $11.15 billion. CRH had a return on equity of 15.98% and a net margin of 10.02%.CRH’s quarterly revenue was up 6.2% compared to the same quarter last year. During the same period last year, the firm posted $1.02 EPS. 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 5.47 EPS for the current fiscal year.

CRH Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 8th. Investors of record on Friday, March 6th will be issued a $0.39 dividend. This is an increase from CRH’s previous quarterly dividend of $0.37. This represents a $1.56 annualized dividend and a yield of 1.3%. The ex-dividend date is Friday, March 6th. CRH’s dividend payout ratio is 20.11%.

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.