K.J. Harrison & Partners Inc Reduces Stock Position in Crh Plc $CRH

K.J. Harrison & Partners Inc decreased its position in Crh Plc (NYSE:CRH) by 70.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,705 shares of the construction company’s stock after selling 18,115 shares during the quarter. K.J. Harrison & Partners Inc’s holdings in CRH were worth $933,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Creekmur Asset Management LLC bought a new stake in shares of CRH in the second quarter worth about $27,000. United Community Bank raised its position in CRH by 359.6% during the 3rd quarter. United Community Bank now owns 239 shares of the construction company’s stock valued at $29,000 after purchasing an additional 187 shares during the last quarter. Riggs Asset Managment Co. Inc. lifted its holdings in CRH by 1,835.3% in the 2nd quarter. Riggs Asset Managment Co. Inc. now owns 329 shares of the construction company’s stock worth $30,000 after buying an additional 312 shares during the period. Cornerstone Planning Group LLC grew its position in shares of CRH by 139.3% in the 3rd quarter. Cornerstone Planning Group LLC now owns 268 shares of the construction company’s stock worth $31,000 after buying an additional 156 shares during the last quarter. Finally, Salomon & Ludwin LLC purchased a new position in shares of CRH during the third quarter valued at approximately $32,000. 62.50% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages recently commented on CRH. DA Davidson set a $120.00 price target on CRH in a research note on Friday, February 20th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of CRH in a research report on Monday, December 8th. Longbow Research initiated coverage on shares of CRH in a research report on Tuesday, December 16th. They set a “buy” rating and a $160.00 price target on the stock. Weiss Ratings reissued a “buy (b-)” rating on shares of CRH in a research note on Monday, December 22nd. Finally, UBS Group lifted their price objective on CRH from $138.00 to $147.00 and gave the company a “buy” rating in a research report on Thursday, January 8th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, CRH has a consensus rating of “Moderate Buy” and an average target price of $136.27.

CRH Price Performance

Shares of NYSE CRH opened at $121.10 on Friday. Crh Plc has a 1 year low of $76.75 and a 1 year high of $131.55. The stock has a market cap of $81.17 billion, a P/E ratio of 21.94, a price-to-earnings-growth ratio of 2.10 and a beta of 1.33. The firm has a 50-day moving average of $124.82 and a 200 day moving average of $119.03.

CRH (NYSE:CRH) last announced its quarterly earnings data 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). CRH had a return on equity of 15.98% and a net margin of 10.02%.The business had revenue of $5.42 billion during the quarter, compared to analysts’ expectations of $11.15 billion. During the same quarter last year, the company posted $1.02 EPS. CRH’s revenue for the quarter was up 6.2% compared to the same quarter last year. CRH has set its FY 2026 guidance at 5.600-6.050 EPS. Research analysts expect that Crh Plc will post 5.47 earnings per share for the current fiscal year.

CRH Increases Dividend

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

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.