Deutsche Bank AG Sells 1,080,513 Shares of Crh Plc $CRH

Deutsche Bank AG lessened its holdings in Crh Plc (NYSE:CRH) by 18.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,747,271 shares of the construction company’s stock after selling 1,080,513 shares during the period. Deutsche Bank AG owned approximately 0.71% of CRH worth $592,459,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Board of the Pension Protection Fund bought a new position in shares of CRH in the 4th quarter valued at about $25,000. Harbor Investment Advisory LLC lifted its holdings in shares of CRH by 87.6% in the 4th quarter. Harbor Investment Advisory LLC now owns 212 shares of the construction company’s stock valued at $26,000 after acquiring an additional 99 shares during the last quarter. Flagship Harbor Advisors LLC bought a new position in shares of CRH in the 4th quarter valued at about $26,000. Riggs Asset Managment Co. Inc. lifted its holdings 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 acquiring an additional 312 shares during the last quarter. Finally, Elyxium Wealth LLC bought a new position in shares of CRH in the 4th quarter valued at about $37,000. 62.50% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

CRH has been the subject of a number of analyst reports. Morgan Stanley reaffirmed an “overweight” rating and issued a $139.00 price target on shares of CRH in a report on Wednesday, April 15th. DA Davidson set a $120.00 price target on shares of CRH in a report on Friday, February 20th. Wells Fargo & Company increased their price target on shares of CRH from $133.00 to $135.00 and gave the company an “equal weight” rating in a report on Friday, February 20th. Weiss Ratings downgraded shares of CRH from a “buy (b)” rating to a “hold (c+)” rating in a report on Monday, May 4th. Finally, JPMorgan Chase & Co. increased their price target on shares of CRH from $135.00 to $140.00 and gave the company an “overweight” rating in a report on Tuesday, March 3rd. Two investment analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $139.54.

CRH Price Performance

CRH stock opened at $103.71 on Wednesday. The stock has a market cap of $69.30 billion, a price-to-earnings ratio of 19.20, a price-to-earnings-growth ratio of 1.77 and a beta of 1.31. Crh Plc has a 1 year low of $86.82 and a 1 year high of $131.55. The firm has a 50-day moving average of $109.58 and a two-hundred day moving average of $116.14.

CRH (NYSE:CRH) last released its quarterly earnings data on Thursday, April 30th. The construction company reported ($0.20) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.22) by $0.02. The company had revenue of $7.37 billion during the quarter, compared to analysts’ expectations of $7.07 billion. CRH had a net margin of 9.65% and a return on equity of 15.37%. CRH’s revenue for the quarter was up 9.1% on a year-over-year basis. CRH has set its FY 2026 guidance at 5.600-6.050 EPS. Research analysts expect that Crh Plc will post 5.92 earnings per share for the current year.

CRH Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 17th. Stockholders of record on Friday, May 15th will be given a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend is Friday, May 15th. CRH’s dividend payout ratio is presently 28.89%.

About CRH

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.