Lansforsakringar Fondforvaltning AB publ Sells 10,580 Shares of Crh Plc $CRH

Lansforsakringar Fondforvaltning AB publ reduced its stake in Crh Plc (NYSE:CRH) by 2.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 475,815 shares of the construction company’s stock after selling 10,580 shares during the period. Lansforsakringar Fondforvaltning AB publ owned approximately 0.07% of CRH worth $50,017,000 as of its most recent SEC filing.

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

CRH Stock Down 3.1%

Shares of CRH stock opened at $108.87 on Tuesday. The company has a 50 day moving average price of $109.33 and a 200-day moving average price of $115.27. Crh Plc has a 52 week low of $91.22 and a 52 week high of $131.55. The firm has a market capitalization of $72.75 billion, a PE ratio of 20.16, a P/E/G ratio of 1.95 and a beta of 1.31.

CRH (NYSE:CRH) last issued its quarterly earnings data 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 company had revenue of $7.37 billion for the quarter, compared to the consensus estimate of $7.07 billion. The company’s revenue for the quarter was up 9.1% on a year-over-year basis. CRH has set its FY 2026 guidance at 5.600-6.050 EPS. Analysts anticipate that Crh Plc will post 5.92 earnings per share for the current year.

CRH Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 17th. Stockholders of record on Friday, May 15th were issued a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend was Friday, May 15th. CRH’s dividend payout ratio is presently 28.89%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Morgan Stanley reissued an “overweight” rating and set a $139.00 price target on shares of CRH in a research report on Wednesday, April 15th. JPMorgan Chase & Co. upped their price objective on CRH from $135.00 to $140.00 and gave the company an “overweight” rating in a research report on Tuesday, March 3rd. Jefferies Financial Group increased their target price on CRH from $149.00 to $165.60 and gave the company a “buy” rating in a research note on Friday. Sanford C. Bernstein reissued an “outperform” rating on shares of CRH in a report on Tuesday, June 23rd. Finally, Weiss Ratings cut CRH from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, June 18th. Two investment 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 company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $141.40.

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.