PCJ Investment Counsel Ltd. Sells 10,000 Shares of Crh Plc $CRH

PCJ Investment Counsel Ltd. lessened its holdings in Crh Plc (NYSE:CRH) by 5.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 182,900 shares of the construction company’s stock after selling 10,000 shares during the period. CRH comprises approximately 6.1% of PCJ Investment Counsel Ltd.’s portfolio, making the stock its 2nd biggest position. PCJ Investment Counsel Ltd.’s holdings in CRH were worth $21,930,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. L2 Asset Management LLC lifted its stake in CRH by 3.0% in the 2nd quarter. L2 Asset Management LLC now owns 3,028 shares of the construction company’s stock worth $278,000 after acquiring an additional 89 shares in the last quarter. UMB Bank n.a. increased its holdings in shares of CRH by 34.8% in the 3rd quarter. UMB Bank n.a. now owns 356 shares of the construction company’s stock valued at $43,000 after purchasing an additional 92 shares during the period. Crossmark Global Holdings Inc. lifted its position in shares of CRH by 2.4% in the third quarter. Crossmark Global Holdings Inc. now owns 4,126 shares of the construction company’s stock worth $495,000 after purchasing an additional 96 shares in the last quarter. Sound View Wealth Advisors Group LLC boosted its holdings in shares of CRH by 3.4% during the third quarter. Sound View Wealth Advisors Group LLC now owns 3,082 shares of the construction company’s stock worth $370,000 after purchasing an additional 100 shares during the period. Finally, Shepherd Financial Partners LLC boosted its holdings in shares of CRH by 0.3% during the third quarter. Shepherd Financial Partners LLC now owns 33,863 shares of the construction company’s stock worth $4,060,000 after purchasing an additional 106 shares during the period. Hedge funds and other institutional investors own 62.50% of the company’s stock.

CRH Stock Performance

Shares of CRH opened at $106.26 on Wednesday. The firm has a market cap of $71.01 billion, a PE ratio of 19.25, a PEG ratio of 1.86 and a beta of 1.33. The firm’s 50 day moving average price is $122.40 and its 200 day moving average price is $119.16. Crh Plc has a twelve month low of $76.75 and a twelve month high of $131.55.

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

CRH Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 8th. Investors of record on Friday, March 6th will be issued a $0.39 dividend. This is a boost from CRH’s previous quarterly dividend of $0.37. This represents a $1.56 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date is Friday, March 6th. CRH’s dividend payout ratio is currently 28.26%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. Longbow Research assumed coverage on shares of CRH in a research note on Tuesday, December 16th. They issued a “buy” rating and a $160.00 price objective on the stock. JPMorgan Chase & Co. lifted their target price on shares of CRH from $135.00 to $140.00 and gave the company an “overweight” rating in a research note on Tuesday, March 3rd. Wells Fargo & Company boosted their price target on shares of CRH from $133.00 to $135.00 and gave the company an “equal weight” rating in a report on Friday, February 20th. DA Davidson set a $120.00 price target on shares of CRH in a research note on Friday, February 20th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of CRH in a research report on Monday, December 22nd. Two analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $137.86.

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.