PNC Financial Services Group Inc. Purchases 6,307 Shares of Crh Plc $CRH

PNC Financial Services Group Inc. grew its position in Crh Plc (NYSE:CRH) by 52.7% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 18,279 shares of the construction company’s stock after purchasing an additional 6,307 shares during the period. PNC Financial Services Group Inc.’s holdings in CRH were worth $2,192,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. NewEdge Advisors LLC lifted its stake in CRH by 158.5% in the 1st quarter. NewEdge Advisors LLC now owns 8,670 shares of the construction company’s stock valued at $763,000 after acquiring an additional 5,316 shares in the last quarter. Empowered Funds LLC raised its holdings in shares of CRH by 5.3% in the first quarter. Empowered Funds LLC now owns 13,178 shares of the construction company’s stock valued at $1,159,000 after purchasing an additional 658 shares during the last quarter. Sivia Capital Partners LLC raised its holdings in shares of CRH by 58.5% in the second quarter. Sivia Capital Partners LLC now owns 4,279 shares of the construction company’s stock valued at $393,000 after purchasing an additional 1,579 shares during the last quarter. Stratos Wealth Partners LTD. boosted its holdings in CRH by 7.4% during the second quarter. Stratos Wealth Partners LTD. now owns 3,218 shares of the construction company’s stock worth $295,000 after purchasing an additional 222 shares during the last quarter. Finally, Cullen Frost Bankers Inc. boosted its holdings in CRH by 255.0% during the second quarter. Cullen Frost Bankers Inc. now owns 426 shares of the construction company’s stock worth $39,000 after purchasing an additional 306 shares during the last quarter. 62.50% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on CRH shares. Longbow Research began coverage on shares of CRH in a research report on Tuesday, December 16th. They set a “buy” rating and a $160.00 price target on the stock. Wells Fargo & Company upped their target price on CRH from $133.00 to $135.00 and gave the stock an “equal weight” rating in a report on Friday. JPMorgan Chase & Co. increased their price target on CRH from $130.00 to $135.00 and gave the company an “overweight” rating in a research report on Tuesday, November 11th. DA Davidson set a $120.00 price target on CRH in a research note on Friday. Finally, BNP Paribas Exane upgraded CRH to a “strong-buy” rating in a research note on Friday, January 23rd. Two research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, CRH currently has an average rating of “Moderate Buy” and a consensus target price of $136.27.

CRH Stock Down 1.1%

Shares of NYSE CRH opened at $124.07 on Friday. The business’s 50 day moving average price is $125.20 and its two-hundred day moving average price is $118.67. The company has a market cap of $83.16 billion, a PE ratio of 22.48, a price-to-earnings-growth ratio of 1.87 and a beta of 1.33. Crh Plc has a twelve month low of $76.75 and a twelve month high of $131.55.

CRH (NYSE:CRH) last released its quarterly earnings data on Wednesday, February 18th. The construction company reported $1.52 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.20 by ($0.68). The business had revenue of $5.42 billion during the quarter, compared to analyst estimates of $11.15 billion. CRH had a net margin of 10.02% and a return on equity of 15.98%. The business’s quarterly revenue was up 6.2% on a year-over-year basis. During the same period in the previous year, the business earned $1.02 earnings per share. CRH has set its FY 2026 guidance at 5.600-6.050 EPS. As a group, research analysts anticipate that Crh Plc will post 5.47 EPS for the current fiscal year.

CRH Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 8th. Stockholders of record on Friday, March 6th will be given a $0.39 dividend. The ex-dividend date of this dividend is Friday, March 6th. This is a boost from CRH’s previous quarterly dividend of $0.37. This represents a $1.56 annualized dividend and a dividend yield of 1.3%. CRH’s payout ratio is currently 20.11%.

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.