Korea Investment CORP Acquires 65,627 Shares of Crh Plc $CRH

Korea Investment CORP grew its holdings in shares of Crh Plc (NYSE:CRH) by 11.1% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 656,794 shares of the construction company’s stock after acquiring an additional 65,627 shares during the quarter. Korea Investment CORP’s holdings in CRH were worth $78,750,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. United Community Bank lifted its stake in CRH by 359.6% in the third quarter. United Community Bank now owns 239 shares of the construction company’s stock worth $29,000 after acquiring an additional 187 shares during the period. Salomon & Ludwin LLC purchased a new position in CRH during the 3rd quarter valued at $32,000. Cornerstone Planning Group LLC raised its holdings in 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 purchasing an additional 156 shares in the last quarter. Riggs Asset Managment Co. Inc. raised 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 purchasing an additional 312 shares in the last quarter. Finally, Physician Wealth Advisors Inc. lifted its position in shares of CRH by 60.6% in the 3rd quarter. Physician Wealth Advisors Inc. now owns 350 shares of the construction company’s stock worth $42,000 after purchasing an additional 132 shares during the period. Institutional investors own 62.50% of the company’s stock.

CRH Price Performance

NYSE:CRH opened at $106.36 on Monday. The firm’s 50-day moving average price is $123.21 and its 200-day moving average price is $119.24. The company has a market capitalization of $71.07 billion, a PE ratio of 19.27, a P/E/G ratio of 1.86 and a beta of 1.33. Crh Plc has a 1-year low of $76.75 and a 1-year high of $131.55.

CRH (NYSE:CRH) last issued its quarterly earnings results on Wednesday, February 18th. The construction company reported $1.52 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.20 by ($0.68). CRH had a net margin of 10.02% and a return on equity of 15.98%. The business had revenue of $5.42 billion for the quarter, compared to analysts’ expectations of $11.15 billion. During the same period last year, the business earned $1.02 earnings per share. The company’s revenue was up 6.2% on a year-over-year basis. CRH has set its FY 2026 guidance at 5.600-6.050 EPS. Equities analysts anticipate that Crh Plc will post 5.47 EPS for the current fiscal year.

CRH Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 8th. Stockholders of record on Friday, March 6th will be issued a dividend of $0.39 per share. The ex-dividend date is Friday, March 6th. This is a positive change from CRH’s previous quarterly dividend of $0.37. This represents a $1.56 annualized dividend and a dividend yield of 1.5%. CRH’s dividend payout ratio (DPR) is 28.26%.

Wall Street Analysts Forecast Growth

CRH has been the topic of a number of research reports. Citigroup lifted their target price 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. Morgan Stanley increased their price target on shares of CRH from $140.00 to $141.00 and gave the stock an “overweight” rating in a research note on Monday, March 2nd. Longbow Research started coverage on shares of CRH in a report on Tuesday, December 16th. They issued a “buy” rating and a $160.00 price objective for the company. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of CRH in a report on Monday, December 8th. Finally, Jefferies Financial Group reissued a “buy” rating on shares of CRH in a research report on Monday, December 1st. Two research 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 MarketBeat.com, CRH has a consensus rating of “Moderate Buy” and an average target price of $137.86.

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.