Diversify Wealth Management LLC Purchases 4,840 Shares of Crh Plc $CRH

Diversify Wealth Management LLC lifted its position in shares of Crh Plc (NYSE:CRH) by 47.0% during the 1st quarter, Holdings Channel.com reports. The firm owned 15,136 shares of the construction company’s stock after purchasing an additional 4,840 shares during the quarter. Diversify Wealth Management LLC’s holdings in CRH were worth $1,717,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of the company. Vanguard Group Inc. lifted its position in CRH by 22.7% in the fourth quarter. Vanguard Group Inc. now owns 79,117,664 shares of the construction company’s stock worth $9,873,884,000 after purchasing an additional 14,623,673 shares during the period. State Street Corp boosted its stake in CRH by 81.3% during the fourth quarter. State Street Corp now owns 24,895,205 shares of the construction company’s stock worth $3,106,927,000 after buying an additional 11,167,189 shares in the last quarter. Geode Capital Management LLC increased its holdings in CRH by 67.3% in the 4th quarter. Geode Capital Management LLC now owns 14,709,575 shares of the construction company’s stock valued at $1,827,252,000 after buying an additional 5,916,930 shares during the period. Massachusetts Financial Services Co. MA increased its holdings in CRH by 0.6% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 12,439,954 shares of the construction company’s stock valued at $1,552,506,000 after buying an additional 78,769 shares during the period. Finally, Norges Bank acquired a new position in shares of CRH in the 4th quarter valued at $1,476,939,000. 62.50% of the stock is currently owned by institutional investors and hedge funds.

CRH Stock Up 1.1%

NYSE:CRH opened at $103.81 on Wednesday. The firm has a market cap of $69.36 billion, a PE ratio of 19.22, a price-to-earnings-growth ratio of 1.79 and a beta of 1.32. Crh Plc has a 12 month low of $91.22 and a 12 month high of $131.55. The company’s 50-day moving average price is $106.91 and its two-hundred day moving average price is $113.65.

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

CRH Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 17th. Investors of record on Friday, May 15th were given a dividend of $0.39 per share. The ex-dividend date was Friday, May 15th. This represents a $1.56 dividend on an annualized basis and a yield of 1.5%. CRH’s dividend payout ratio is 28.89%.

Analyst Ratings Changes

A number of equities analysts have recently commented on CRH shares. Morgan Stanley reaffirmed an “overweight” rating and set a $139.00 price objective on shares of CRH in a report on Wednesday, April 15th. Jefferies Financial Group increased their price target on shares of CRH from $149.00 to $165.60 and gave the stock a “buy” rating in a research report on Friday, June 26th. Weiss Ratings cut shares of CRH from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, June 18th. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of CRH in a report on Tuesday, June 23rd. Finally, Wells Fargo & Company decreased their price objective on CRH from $135.00 to $132.00 and set an “overweight” rating on the stock in a report on Wednesday, July 8th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $141.19.

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.