Bank of New York Mellon Corp Has $1.06 Billion Stock Position in Crh Plc $CRH

Bank of New York Mellon Corp reduced its stake in shares of Crh Plc (NYSE:CRH) by 13.3% in the 4th quarter, Holdings Channel.com reports. The firm owned 8,491,010 shares of the construction company’s stock after selling 1,297,272 shares during the quarter. Bank of New York Mellon Corp’s holdings in CRH were worth $1,059,678,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently bought and sold shares of the company. Board of the Pension Protection Fund bought a new position in shares of CRH during the 4th quarter worth about $25,000. Flagship Harbor Advisors LLC acquired a new stake in CRH during the fourth quarter worth about $26,000. Harbor Investment Advisory LLC grew its position in CRH by 87.6% during the fourth quarter. Harbor Investment Advisory LLC now owns 212 shares of the construction company’s stock worth $26,000 after buying an additional 99 shares in the last quarter. United Community Bank increased its stake in CRH by 359.6% during the third quarter. United Community Bank now owns 239 shares of the construction company’s stock valued at $29,000 after acquiring an additional 187 shares during the period. Finally, Cornerstone Planning Group LLC raised its holdings in CRH by 139.3% in the 3rd quarter. Cornerstone Planning Group LLC now owns 268 shares of the construction company’s stock valued at $31,000 after acquiring an additional 156 shares in the last quarter. 62.50% of the stock is owned by institutional investors.

CRH Trading Down 0.2%

Shares of CRH stock opened at $106.57 on Wednesday. Crh Plc has a 1-year low of $86.82 and a 1-year high of $131.55. The firm’s 50-day moving average price is $109.43 and its two-hundred day moving average price is $116.37. The stock has a market capitalization of $71.21 billion, a price-to-earnings ratio of 19.73, a P/E/G ratio of 1.86 and a beta of 1.31.

CRH (NYSE:CRH) last announced its earnings results on Thursday, April 30th. The construction company reported ($0.20) EPS for the quarter, topping the consensus estimate of ($0.22) by $0.02. The business had revenue of $7.37 billion for the quarter, compared to the consensus estimate of $7.07 billion. CRH had a return on equity of 15.37% and a net margin of 9.65%.CRH’s revenue 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, equities research analysts predict that Crh Plc will post 5.92 EPS for the current year.

CRH Announces Dividend

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

Analyst Ratings Changes

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

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.