Swiss Life Asset Management Ltd Has $15.23 Million Position in Crh Plc $CRH

Swiss Life Asset Management Ltd boosted its holdings in Crh Plc (NYSE:CRH) by 18.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 127,058 shares of the construction company’s stock after buying an additional 19,536 shares during the period. Swiss Life Asset Management Ltd’s holdings in CRH were worth $15,234,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. State Street Corp increased its stake in CRH by 2.9% during the third quarter. State Street Corp now owns 13,728,016 shares of the construction company’s stock valued at $1,645,995,000 after acquiring an additional 392,146 shares during the period. Norges Bank bought a new stake in CRH in the second quarter valued at $1,007,932,000. Boston Partners increased its position in shares of CRH by 1.7% during the 3rd quarter. Boston Partners now owns 9,816,938 shares of the construction company’s stock worth $1,176,530,000 after purchasing an additional 162,110 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in shares of CRH by 6.6% during the third quarter. Bank of New York Mellon Corp now owns 9,788,282 shares of the construction company’s stock worth $1,173,615,000 after buying an additional 603,082 shares in the last quarter. Finally, Invesco Ltd. raised its position in CRH by 0.6% in the 3rd quarter. Invesco Ltd. now owns 7,449,387 shares of the construction company’s stock valued at $893,181,000 after purchasing an additional 45,543 shares during the last quarter. Institutional investors own 62.50% of the company’s stock.

CRH Price Performance

Shares of NYSE:CRH opened at $101.01 on Friday. The company has a 50 day moving average of $119.05 and a 200-day moving average of $118.53. Crh Plc has a one year low of $76.75 and a one year high of $131.55. The stock has a market cap of $67.50 billion, a price-to-earnings ratio of 18.30, a P/E/G ratio of 1.78 and a beta of 1.33.

CRH (NYSE:CRH) last announced 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 the consensus estimate of $11.15 billion. CRH had a net margin of 10.02% and a return on equity of 15.98%. CRH’s revenue was up 6.2% compared to the same quarter last year. During the same period in the previous year, the business posted $1.02 earnings per share. CRH has set its FY 2026 guidance at 5.600-6.050 EPS. Equities research analysts anticipate that Crh Plc will post 5.47 earnings per share for the current year.

CRH Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 8th. Shareholders of record on Friday, March 6th will be paid a $0.39 dividend. The ex-dividend date of this dividend is Friday, March 6th. This is a positive change from CRH’s previous quarterly dividend of $0.37. This represents a $1.56 annualized dividend and a yield of 1.5%. CRH’s payout ratio is currently 28.26%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. Wells Fargo & Company raised their target price on CRH from $133.00 to $135.00 and gave the company an “equal weight” rating in a research note on Friday, February 20th. UBS Group raised their price objective on shares of CRH from $138.00 to $147.00 and gave the company a “buy” rating in a research report on Thursday, January 8th. 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 target price on the stock. Jefferies Financial Group reissued a “buy” rating on shares of CRH in a research note on Monday, December 1st. Finally, 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 report on Thursday, January 8th. Two analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and three have given a Hold rating to the company. According to MarketBeat, CRH has a consensus rating of “Moderate Buy” and a consensus price target of $137.86.

About CRH

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.