Western Wealth Management LLC Invests $678,000 in Crh Plc $CRH

Western Wealth Management LLC bought a new position in Crh Plc (NYSE:CRH) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 6,454 shares of the construction company’s stock, valued at approximately $678,000.

Other large investors have also modified their holdings of the company. Vanguard Group Inc. lifted its position in CRH by 22.7% during the 4th quarter. Vanguard Group Inc. now owns 79,117,664 shares of the construction company’s stock worth $9,873,884,000 after acquiring an additional 14,623,673 shares in the last quarter. Norges Bank acquired a new stake in CRH in the fourth quarter valued at approximately $1,476,939,000. State Street Corp raised its stake in shares of CRH by 81.3% during the fourth quarter. State Street Corp now owns 24,895,205 shares of the construction company’s stock valued at $3,106,927,000 after purchasing an additional 11,167,189 shares during the period. Geode Capital Management LLC raised its stake in shares of CRH by 67.3% during the fourth quarter. Geode Capital Management LLC now owns 14,709,575 shares of the construction company’s stock valued at $1,827,252,000 after purchasing an additional 5,916,930 shares during the period. Finally, Amundi lifted its position in shares of CRH by 74.7% during the first quarter. Amundi now owns 5,965,814 shares of the construction company’s stock worth $627,126,000 after purchasing an additional 2,550,178 shares in the last quarter. Institutional investors and hedge funds own 62.50% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on CRH shares. Sanford C. Bernstein restated an “outperform” rating on shares of CRH in a research note on Tuesday, June 23rd. Stephens dropped their price target on shares of CRH from $135.00 to $125.00 and set an “overweight” rating on the stock in a research note on Friday. Weiss Ratings upgraded shares of CRH from a “hold (c)” rating to a “buy (b-)” rating in a report on Friday. Truist Financial decreased their price objective on shares of CRH from $140.00 to $130.00 and set a “buy” rating for the company in a research report on Friday. Finally, Morgan Stanley restated an “overweight” rating and set a $139.00 target price on shares of CRH in a research note on Wednesday, April 15th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $139.44.

CRH Stock Up 3.9%

Shares of CRH opened at $98.67 on Tuesday. The firm has a market cap of $65.93 billion, a price-to-earnings ratio of 17.40, a PEG ratio of 1.66 and a beta of 1.34. The business’s 50 day moving average is $105.22 and its two-hundred day moving average is $111.01. Crh Plc has a 52-week low of $94.11 and a 52-week high of $131.55.

CRH (NYSE:CRH) last released its quarterly earnings results on Thursday, July 30th. The construction company reported $2.21 earnings per share for the quarter, topping analysts’ consensus estimates of $2.02 by $0.19. The business had revenue of $10.78 billion during the quarter, compared to the consensus estimate of $10.68 billion. CRH had a net margin of 9.93% and a return on equity of 15.76%. The business’s quarterly revenue was up 5.6% compared to the same quarter last year. During the same quarter last year, the company earned $1.94 earnings per share. CRH has set its FY 2026 guidance at 5.600-6.050 EPS. On average, equities analysts expect that Crh Plc will post 5.89 earnings per share for the current fiscal year.

CRH Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 16th. Shareholders of record on Friday, August 14th will be issued a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend is Friday, August 14th. CRH’s dividend payout ratio (DPR) is currently 27.51%.

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.