Legal & General Group Plc Buys 154,224 Shares of Crh Plc $CRH

Legal & General Group Plc lifted its position in shares of Crh Plc (NYSE:CRH) by 4.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,734,888 shares of the construction company’s stock after purchasing an additional 154,224 shares during the period. Legal & General Group Plc’s holdings in CRH were worth $447,403,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. United Community Bank increased its stake in shares of CRH by 359.6% in the third quarter. United Community Bank now owns 239 shares of the construction company’s stock valued at $29,000 after buying an additional 187 shares during the period. Salomon & Ludwin LLC bought a new stake in shares of CRH in the 3rd quarter valued at $32,000. Cornerstone Planning Group LLC increased its stake in CRH by 139.3% in the third quarter. Cornerstone Planning Group LLC now owns 268 shares of the construction company’s stock valued at $31,000 after purchasing an additional 156 shares in the last quarter. Riggs Asset Managment Co. Inc. boosted its holdings in CRH by 1,835.3% in the second quarter. Riggs Asset Managment Co. Inc. now owns 329 shares of the construction company’s stock worth $30,000 after acquiring an additional 312 shares in the last quarter. Finally, Physician Wealth Advisors Inc. lifted its holdings 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 in the last quarter. 62.50% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. UBS Group raised their target price on CRH from $138.00 to $147.00 and gave the company a “buy” rating in a report on Thursday, January 8th. Jefferies Financial Group restated a “buy” rating on shares of CRH in a research note on Monday, December 1st. JPMorgan Chase & Co. upped their target price on shares of CRH from $135.00 to $140.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 3rd. Wells Fargo & Company boosted their price target on shares of CRH from $133.00 to $135.00 and gave the stock an “equal weight” rating in a report on Friday, February 20th. Finally, Citigroup lifted their target price on shares of CRH from $142.00 to $155.00 and gave the stock a “buy” rating in a research report on Thursday, January 8th. Two analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $137.86.

CRH Stock Performance

NYSE CRH opened at $106.26 on Wednesday. The company has a market capitalization of $71.01 billion, a PE ratio of 19.25, a price-to-earnings-growth ratio of 1.86 and a beta of 1.33. Crh Plc has a 52-week low of $76.75 and a 52-week high of $131.55. The company has a 50-day simple moving average of $122.40 and a 200 day simple moving average of $119.16.

CRH (NYSE:CRH) last released 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 company had revenue of $5.42 billion for the quarter, compared to the consensus estimate of $11.15 billion. CRH had a net margin of 10.02% and a return on equity of 15.98%. The firm’s revenue was up 6.2% on a year-over-year basis. During the same period in the prior year, the company earned $1.02 earnings per share. CRH has set its FY 2026 guidance at 5.600-6.050 EPS. As a group, analysts forecast that Crh Plc will post 5.47 EPS for the current fiscal year.

CRH Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 8th. Shareholders of record on Friday, March 6th will be paid a $0.39 dividend. The ex-dividend date is Friday, March 6th. This is a boost 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 is presently 28.26%.

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.