Swiss National Bank Sells 106,100 Shares of Crh Plc $CRH

Swiss National Bank trimmed its holdings in Crh Plc (NYSE:CRH) by 5.4% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,842,460 shares of the construction company’s stock after selling 106,100 shares during the period. Swiss National Bank owned 0.27% of CRH worth $229,939,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Board of the Pension Protection Fund bought a new stake in CRH in the fourth quarter worth approximately $25,000. Flagship Harbor Advisors LLC bought a new stake in CRH in the fourth quarter worth approximately $26,000. Harbor Investment Advisory LLC grew its position in CRH by 87.6% in the fourth quarter. Harbor Investment Advisory LLC now owns 212 shares of the construction company’s stock worth $26,000 after acquiring an additional 99 shares in the last quarter. Meeder Asset Management Inc. grew its position in CRH by 29,400.0% in the fourth quarter. Meeder Asset Management Inc. now owns 295 shares of the construction company’s stock worth $37,000 after acquiring an additional 294 shares in the last quarter. Finally, Elyxium Wealth LLC bought a new stake in CRH in the fourth quarter worth approximately $37,000. 62.50% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

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

CRH Trading Up 5.0%

NYSE CRH opened at $104.95 on Friday. The company has a fifty day simple moving average of $109.55 and a 200 day simple moving average of $116.05. The company has a market cap of $70.12 billion, a P/E ratio of 19.43, a P/E/G ratio of 1.74 and a beta of 1.31. Crh Plc has a 1 year low of $86.82 and a 1 year high of $131.55.

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

CRH Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 17th. Investors 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 of this dividend is Friday, May 15th. CRH’s dividend payout ratio is currently 28.89%.

About CRH

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.