Sumitomo Mitsui Trust Group Inc. Has $162.34 Million Stake in Crh Plc $CRH

Sumitomo Mitsui Trust Group Inc. lowered its position in shares of Crh Plc (NYSE:CRH) by 4.8% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,544,283 shares of the construction company’s stock after selling 77,160 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in CRH were worth $162,335,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Board of the Pension Protection Fund bought a new position in CRH in the fourth quarter valued at about $25,000. Flagship Harbor Advisors LLC bought a new stake in shares of CRH during the fourth quarter worth about $26,000. Harbor Investment Advisory LLC increased its stake in shares of CRH by 87.6% in the fourth quarter. Harbor Investment Advisory LLC now owns 212 shares of the construction company’s stock valued at $26,000 after buying an additional 99 shares during the period. Kemnay Advisory Services Inc. acquired a new position in shares of CRH in the fourth quarter valued at approximately $33,000. Finally, Meeder Asset Management Inc. raised its holdings in CRH by 29,400.0% in the 4th quarter. Meeder Asset Management Inc. now owns 295 shares of the construction company’s stock valued at $37,000 after buying an additional 294 shares during the last quarter. Institutional investors and hedge funds own 62.50% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on CRH shares. Wells Fargo & Company cut their target price on shares of CRH from $135.00 to $132.00 and set an “overweight” rating on the stock in a research report on Wednesday. Jefferies Financial Group raised their price target on shares of CRH from $149.00 to $165.60 and gave the company a “buy” rating in a research note on Friday, June 26th. Morgan Stanley reiterated an “overweight” rating and set a $139.00 price target on shares of CRH in a report on Wednesday, April 15th. Sanford C. Bernstein reissued an “outperform” rating on shares of CRH in a research note on Tuesday, June 23rd. Finally, Weiss Ratings downgraded CRH from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, June 18th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $141.19.

CRH Price Performance

CRH stock opened at $104.29 on Friday. The stock’s 50 day moving average is $107.58 and its 200 day moving average is $114.14. The firm has a market cap of $69.69 billion, a P/E ratio of 19.31, a P/E/G ratio of 1.79 and a beta of 1.32. Crh Plc has a one year low of $91.22 and a one year high of $131.55.

CRH (NYSE:CRH) last released its 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. 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%. The business’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. Equities analysts anticipate that Crh Plc will post 5.92 earnings per share for the current fiscal year.

CRH Dividend Announcement

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

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.