Daiwa Securities Group Inc. Increases Stake in Crh Plc $CRH

Daiwa Securities Group Inc. grew its position in Crh Plc (NYSE:CRH) by 41.2% during the 4th quarter, HoldingsChannel reports. The fund owned 201,601 shares of the construction company’s stock after purchasing an additional 58,801 shares during the period. Daiwa Securities Group Inc.’s holdings in CRH were worth $25,160,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in CRH. NewEdge Advisors LLC raised its stake in shares of CRH by 158.5% in the first quarter. NewEdge Advisors LLC now owns 8,670 shares of the construction company’s stock valued at $763,000 after acquiring an additional 5,316 shares during the period. Empowered Funds LLC raised its stake in shares of CRH by 5.3% in the first quarter. Empowered Funds LLC now owns 13,178 shares of the construction company’s stock valued at $1,159,000 after acquiring an additional 658 shares during the period. Sivia Capital Partners LLC raised its stake in shares of CRH by 58.5% in the second quarter. Sivia Capital Partners LLC now owns 4,279 shares of the construction company’s stock valued at $393,000 after acquiring an additional 1,579 shares during the period. Sei Investments Co. raised its stake in shares of CRH by 18.9% in the second quarter. Sei Investments Co. now owns 228,288 shares of the construction company’s stock valued at $20,957,000 after acquiring an additional 36,238 shares during the period. Finally, Treasurer of the State of North Carolina grew its holdings in shares of CRH by 0.7% in the second quarter. Treasurer of the State of North Carolina now owns 316,818 shares of the construction company’s stock worth $29,084,000 after purchasing an additional 2,348 shares during the last quarter. Hedge funds and other institutional investors own 62.50% of the company’s stock.

CRH Stock Performance

NYSE:CRH opened at $105.10 on Friday. Crh Plc has a fifty-two week low of $86.82 and a fifty-two week high of $131.55. The stock has a market capitalization of $70.23 billion, a P/E ratio of 19.46, a P/E/G ratio of 1.85 and a beta of 1.31. The company’s 50-day simple moving average is $109.57 and its 200-day simple moving average is $116.19.

CRH (NYSE:CRH) last released its quarterly earnings results on Thursday, April 30th. The construction company reported ($0.20) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.22) by $0.02. CRH had a net margin of 9.65% and a return on equity of 15.37%. The business had revenue of $7.37 billion for the quarter, compared to analysts’ expectations of $7.07 billion. The firm’s quarterly 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. On average, research analysts forecast that Crh Plc will post 5.92 EPS for the current year.

CRH Announces Dividend

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

Wall Street Analyst Weigh In

Several research analysts recently commented on CRH shares. DA Davidson set a $120.00 price target on shares of CRH in a research note on Friday, February 20th. JPMorgan Chase & Co. raised their price target on shares of CRH from $135.00 to $140.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 3rd. Morgan Stanley reaffirmed an “overweight” rating and issued a $139.00 price target on shares of CRH in a research note on Wednesday, April 15th. Weiss Ratings downgraded shares of CRH from a “buy (b)” rating to a “hold (c+)” rating in a research note on Monday, May 4th. Finally, Wells Fargo & Company raised 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. Two investment 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.com, the company presently has an average rating of “Moderate Buy” and an average 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.