KBC Group NV Grows Stake in Crh Plc $CRH

KBC Group NV raised its stake in Crh Plc (NYSE:CRH) by 7.1% during the 1st quarter, HoldingsChannel reports. The firm owned 1,228,583 shares of the construction company’s stock after acquiring an additional 80,978 shares during the quarter. KBC Group NV’s holdings in CRH were worth $129,149,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of CRH. SEB Asset Management AB acquired a new stake in shares of CRH in the first quarter valued at about $14,178,000. Regents Gate Capital LLP purchased a new stake in shares of CRH during the 1st quarter valued at about $6,967,000. Swiss National Bank lifted its position in CRH by 6.8% during the 1st quarter. Swiss National Bank now owns 1,967,060 shares of the construction company’s stock worth $206,777,000 after acquiring an additional 124,600 shares in the last quarter. Kera Capital Partners Inc. lifted its position in CRH by 7.5% during the 1st quarter. Kera Capital Partners Inc. now owns 2,465 shares of the construction company’s stock worth $259,000 after acquiring an additional 173 shares in the last quarter. Finally, Gryphon Financial Partners LLC boosted its holdings in CRH by 43.7% in the 1st quarter. Gryphon Financial Partners LLC now owns 3,504 shares of the construction company’s stock worth $368,000 after acquiring an additional 1,065 shares during the period. Institutional investors and hedge funds own 62.50% of the company’s stock.

CRH Stock Up 0.0%

Shares of NYSE CRH opened at $102.96 on Monday. Crh Plc has a fifty-two week low of $92.66 and a fifty-two week high of $131.55. The business has a 50 day moving average price of $106.33 and a two-hundred day moving average price of $113.15. The firm has a market cap of $68.80 billion, a PE ratio of 19.07, a price-to-earnings-growth ratio of 1.78 and a beta of 1.32.

CRH (NYSE:CRH) last announced its earnings results on Thursday, April 30th. The construction company reported ($0.20) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.22) by $0.02. The company had revenue of $7.37 billion for the quarter, compared to analyst estimates 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% on a year-over-year basis. CRH has set its FY 2026 guidance at 5.600-6.050 EPS. On average, analysts anticipate that Crh Plc will post 5.96 earnings per share for the current year.

CRH Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 17th. Investors 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 was Friday, May 15th. CRH’s payout ratio is 28.89%.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Jefferies Financial Group increased their price objective on shares of CRH from $149.00 to $165.60 and gave the company a “buy” rating in a research report on Friday, June 26th. Wells Fargo & Company decreased their target price on shares of CRH from $135.00 to $132.00 and set an “overweight” rating for the company in a research note on Wednesday, July 8th. Weiss Ratings lowered shares of CRH from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, June 18th. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of CRH in a research note on Tuesday, June 23rd. Finally, Morgan Stanley reaffirmed an “overweight” rating and set a $139.00 price target on shares of CRH in a research note on Wednesday, April 15th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $141.19.

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.