Crh Plc $CRH Shares Purchased by Royal Bank of Canada

Royal Bank of Canada increased its holdings in shares of Crh Plc (NYSE:CRH) by 2.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 10,808,439 shares of the construction company’s stock after acquiring an additional 262,175 shares during the period. Royal Bank of Canada owned approximately 1.61% of CRH worth $1,348,894,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Graham Capital Management L.P. grew its holdings in CRH by 56.0% during the fourth quarter. Graham Capital Management L.P. now owns 12,803 shares of the construction company’s stock worth $1,598,000 after acquiring an additional 4,596 shares during the period. Opal Capital LLC acquired a new position in CRH during the fourth quarter worth $6,834,000. Munro Partners grew its holdings in CRH by 17.9% during the fourth quarter. Munro Partners now owns 1,102,400 shares of the construction company’s stock worth $137,580,000 after acquiring an additional 167,105 shares during the period. L2 Asset Management LLC grew its holdings in CRH by 6.8% during the fourth quarter. L2 Asset Management LLC now owns 3,378 shares of the construction company’s stock worth $422,000 after acquiring an additional 216 shares during the period. Finally, Blue Grotto Capital LLC grew its holdings in CRH by 24.8% during the fourth quarter. Blue Grotto Capital LLC now owns 448,209 shares of the construction company’s stock worth $55,936,000 after acquiring an additional 89,002 shares during the period. Institutional investors and hedge funds own 62.50% of the company’s stock.

CRH Stock Performance

CRH stock opened at $112.85 on Wednesday. The firm has a market capitalization of $75.41 billion, a price-to-earnings ratio of 20.90, a price-to-earnings-growth ratio of 1.91 and a beta of 1.31. Crh Plc has a fifty-two week low of $86.82 and a fifty-two week high of $131.55. The stock’s fifty day moving average is $109.82 and its two-hundred day moving average is $115.91.

CRH (NYSE:CRH) last posted its earnings results on Thursday, April 30th. The construction company reported ($0.20) earnings per share for the quarter, beating the consensus estimate of ($0.22) by $0.02. The company had revenue of $7.37 billion for the quarter, compared to analyst estimates of $7.07 billion. CRH had a return on equity of 15.37% and a net margin of 9.65%.The business’s revenue for the quarter was up 9.1% compared to the same quarter last year. CRH has set its FY 2026 guidance at 5.600-6.050 EPS. As a group, sell-side analysts forecast that Crh Plc will post 5.92 EPS for the current fiscal year.

CRH Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 17th. Shareholders of record on Friday, May 15th will be issued a $0.39 dividend. The ex-dividend date of this dividend is Friday, May 15th. This represents a $1.56 annualized dividend and a yield of 1.4%. CRH’s dividend payout ratio is 28.89%.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. DA Davidson set a $120.00 price objective on CRH in a report on Friday, February 20th. Weiss Ratings lowered CRH from a “buy (b)” rating to a “hold (c+)” rating in a report on Monday, May 4th. Morgan Stanley reaffirmed an “overweight” rating and set a $139.00 price objective on shares of CRH in a report on Wednesday, April 15th. Wells Fargo & Company upped their target price on CRH from $133.00 to $135.00 and gave the company an “equal weight” rating in a report on Friday, February 20th. Finally, JPMorgan Chase & Co. upped their target price on CRH from $135.00 to $140.00 and gave the company an “overweight” rating in a report on Tuesday, March 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $139.54.

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.