Crh Plc $CRH Stake Reduced by Findlay Park Partners LLP

Findlay Park Partners LLP trimmed its position in Crh Plc (NYSE:CRH) by 1.8% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 2,422,811 shares of the construction company’s stock after selling 44,100 shares during the quarter. CRH makes up 3.1% of Findlay Park Partners LLP’s portfolio, making the stock its 6th biggest position. Findlay Park Partners LLP’s holdings in CRH were worth $290,495,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Norges Bank purchased a new stake in CRH in the second quarter worth about $1,007,932,000. Eleva Capital SAS bought a new stake in shares of CRH in the 2nd quarter valued at about $250,562,000. Massachusetts Financial Services Co. MA raised its holdings in shares of CRH by 24.3% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 12,803,346 shares of the construction company’s stock valued at $1,175,347,000 after purchasing an additional 2,499,558 shares in the last quarter. Artisan Partners Limited Partnership purchased a new stake in shares of CRH in the 3rd quarter worth approximately $295,798,000. Finally, Marshall Wace LLP boosted its stake in shares of CRH by 45.3% during the second quarter. Marshall Wace LLP now owns 6,031,903 shares of the construction company’s stock valued at $553,729,000 after purchasing an additional 1,881,550 shares in the last quarter. Hedge funds and other institutional investors own 62.50% of the company’s stock.

CRH Stock Performance

CRH stock opened at $119.88 on Friday. The stock has a market cap of $80.11 billion, a PE ratio of 21.72, a price-to-earnings-growth ratio of 2.12 and a beta of 1.33. The stock has a 50-day moving average of $124.71 and a two-hundred day moving average of $119.12. Crh Plc has a one year low of $76.75 and a one year high of $131.55.

CRH (NYSE:CRH) last posted its quarterly earnings data on Wednesday, February 18th. The construction company reported $1.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.20 by ($0.68). The company had revenue of $5.42 billion for 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 revenue was up 6.2% compared to the same quarter last year. During the same quarter last year, the company earned $1.02 EPS. CRH has set its FY 2026 guidance at 5.600-6.050 EPS. As a group, sell-side analysts predict 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 paid a dividend of $0.39 per share. The ex-dividend date is Friday, March 6th. This is an increase 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 presently 20.11%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. Citigroup boosted their price objective on shares of CRH from $142.00 to $155.00 and gave the stock a “buy” rating in a research note on Thursday, January 8th. BNP Paribas Exane upgraded CRH to a “strong-buy” rating in a report on Friday, January 23rd. Weiss Ratings reissued a “buy (b-)” rating on shares of CRH in a research report on Monday, December 22nd. Jefferies Financial Group reaffirmed a “buy” rating on shares of CRH in a research report on Monday, December 1st. Finally, UBS Group lifted their target price on CRH from $138.00 to $147.00 and gave the company a “buy” rating in a research note on Thursday, January 8th. Two analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $137.43.

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.