Lansforsakringar Fondforvaltning AB publ Acquires 91,330 Shares of Crh Plc $CRH

Lansforsakringar Fondforvaltning AB publ raised its holdings in shares of Crh Plc (NYSE:CRH) by 21.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 510,465 shares of the construction company’s stock after buying an additional 91,330 shares during the quarter. Lansforsakringar Fondforvaltning AB publ owned about 0.08% of CRH worth $61,205,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. United Community Bank raised its stake in CRH by 359.6% during the 3rd quarter. United Community Bank now owns 239 shares of the construction company’s stock valued at $29,000 after purchasing an additional 187 shares during the last quarter. Salomon & Ludwin LLC acquired a new stake in CRH in the 3rd quarter worth $32,000. Cornerstone Planning Group LLC increased its holdings in shares of CRH by 139.3% during 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 during the period. Creekmur Asset Management LLC bought a new position in shares of CRH during the 2nd quarter worth about $27,000. Finally, Riggs Asset Managment Co. Inc. raised its position in shares of CRH by 1,835.3% during the second quarter. Riggs Asset Managment Co. Inc. now owns 329 shares of the construction company’s stock valued at $30,000 after buying an additional 312 shares during the last quarter. Institutional investors and hedge funds own 62.50% of the company’s stock.

CRH Price Performance

CRH stock opened at $124.07 on Friday. The company has a market capitalization of $83.16 billion, a PE ratio of 22.48, a price-to-earnings-growth ratio of 1.87 and a beta of 1.33. Crh Plc has a one year low of $76.75 and a one year high of $131.55. The business has a 50 day simple moving average of $125.20 and a 200 day simple moving average of $118.67.

CRH (NYSE:CRH) last announced its quarterly 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). CRH had a net margin of 10.02% and a return on equity of 15.98%. The company had revenue of $5.42 billion during the quarter, compared to the consensus estimate of $11.15 billion. During the same quarter last year, the company earned $1.02 earnings per share. The business’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 earnings per share for the current fiscal year.

CRH Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 8th. Investors of record on Friday, March 6th will be given a dividend of $0.39 per share. This is an increase from CRH’s previous quarterly dividend of $0.37. The ex-dividend date is Friday, March 6th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 1.3%. CRH’s dividend payout ratio is 20.11%.

Analyst Ratings Changes

A number of research firms recently weighed in on CRH. Wells Fargo & Company lifted their target price on CRH from $133.00 to $135.00 and gave the stock an “equal weight” rating in a research report on Friday. JPMorgan Chase & Co. raised their price objective on CRH from $130.00 to $135.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 11th. Longbow Research initiated coverage on CRH in a research report on Tuesday, December 16th. They set a “buy” rating and a $160.00 price objective on the stock. Weiss Ratings restated a “buy (b-)” rating on shares of CRH in a research note on Monday, December 22nd. Finally, Jefferies Financial Group reaffirmed a “buy” rating on shares of CRH in a research report on Monday, December 1st. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $136.27.

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.