Crh Plc $CRH Shares Sold by Rock Creek Group LP

Rock Creek Group LP trimmed its stake in Crh Plc (NYSE:CRH) by 33.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,000 shares of the construction company’s stock after selling 5,000 shares during the period. Rock Creek Group LP’s holdings in CRH were worth $1,199,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Creekmur Asset Management LLC purchased a new position in shares of CRH during the second quarter worth about $27,000. United Community Bank boosted its position in shares of CRH by 359.6% in 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 period. Riggs Asset Managment Co. Inc. boosted its position in shares of CRH by 1,835.3% in the 2nd quarter. Riggs Asset Managment Co. Inc. now owns 329 shares of the construction company’s stock valued at $30,000 after purchasing an additional 312 shares during the period. Cornerstone Planning Group LLC grew its stake in CRH by 139.3% during 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 acquired a new position in CRH during the third quarter worth approximately $32,000. 62.50% of the stock is owned by hedge funds and other institutional investors.

CRH Trading Up 0.8%

Shares of CRH stock opened at $121.10 on Friday. The stock has a 50 day simple moving average of $124.82 and a 200-day simple moving average of $119.03. The company has a market cap of $81.17 billion, a price-to-earnings ratio of 21.94, a price-to-earnings-growth ratio of 2.10 and a beta of 1.33. Crh Plc has a 12-month low of $76.75 and a 12-month high of $131.55.

CRH (NYSE:CRH) last posted its quarterly 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 net margin of 10.02% and a return on equity of 15.98%. The firm’s quarterly revenue was up 6.2% compared to the same quarter last year. During the same quarter last year, the firm earned $1.02 earnings per share. CRH has set its FY 2026 guidance at 5.600-6.050 EPS. On average, equities analysts forecast 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 paid a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 1.3%. This is a positive change from CRH’s previous quarterly dividend of $0.37. The ex-dividend date is Friday, March 6th. CRH’s dividend payout ratio (DPR) is 20.11%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. UBS Group increased their price objective on CRH from $138.00 to $147.00 and gave the company a “buy” rating in a report on Thursday, January 8th. Morgan Stanley increased their price target on shares of CRH from $131.00 to $140.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 10th. Citigroup lifted their price objective on shares of CRH from $142.00 to $155.00 and gave the company a “buy” rating in a research note on Thursday, January 8th. DA Davidson set a $120.00 price target on CRH in a report on Friday, February 20th. Finally, Wells Fargo & Company increased their price objective on CRH from $133.00 to $135.00 and gave the stock an “equal weight” rating in a research report on Friday, February 20th. Two research 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. Based on data from MarketBeat.com, CRH has a consensus rating of “Moderate Buy” and a consensus price target of $136.27.

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.