CIBC Asset Management Inc Boosts Stock Holdings in Crh Plc $CRH

CIBC Asset Management Inc raised its position in shares of Crh Plc (NYSE:CRH) by 433.3% in the fourth quarter, Holdings Channel.com reports. The fund owned 158,780 shares of the construction company’s stock after acquiring an additional 129,005 shares during the quarter. CIBC Asset Management Inc’s holdings in CRH were worth $19,816,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. JFS Wealth Advisors LLC increased its position in shares of CRH by 12.1% during the fourth quarter. JFS Wealth Advisors LLC now owns 794 shares of the construction company’s stock worth $99,000 after purchasing an additional 86 shares in the last quarter. PDS Planning Inc lifted its holdings in CRH by 2.3% in the 4th quarter. PDS Planning Inc now owns 4,000 shares of the construction company’s stock valued at $499,000 after purchasing an additional 89 shares in the last quarter. UMB Bank n.a. lifted its holdings in 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 in the last quarter. Crossmark Global Holdings Inc. boosted its stake in CRH by 2.4% during the 3rd 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 during the last quarter. Finally, Harbor Investment Advisory LLC boosted its stake in CRH by 87.6% during the 4th quarter. Harbor Investment Advisory LLC now owns 212 shares of the construction company’s stock worth $26,000 after purchasing an additional 99 shares during the last quarter. 62.50% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CRH has been the subject of a number of recent research reports. JPMorgan Chase & Co. increased their target price on shares of CRH from $135.00 to $140.00 and gave the company an “overweight” rating in a research report on Tuesday, March 3rd. Morgan Stanley reaffirmed an “overweight” rating and set a $139.00 price objective on shares of CRH in a research note on Wednesday, April 15th. DA Davidson set a $120.00 price objective on shares of CRH in a report on Friday, February 20th. Wells Fargo & Company raised their target price on shares of CRH from $133.00 to $135.00 and gave the stock an “equal weight” rating in a research note on Friday, February 20th. Finally, Weiss Ratings cut CRH from a “buy (b)” rating to a “hold (c+)” rating in a report on Monday, May 4th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $139.54.

CRH Trading Up 0.8%

Shares of CRH stock opened at $106.70 on Friday. Crh Plc has a twelve month low of $86.82 and a twelve month high of $131.55. The company’s 50-day moving average price is $109.59 and its 200-day moving average price is $116.27. The stock has a market cap of $71.30 billion, a price-to-earnings ratio of 19.76, a PEG ratio of 1.84 and a beta of 1.31.

CRH (NYSE:CRH) last released its quarterly earnings data on Thursday, April 30th. The construction company reported ($0.20) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.22) by $0.02. CRH had a net margin of 9.65% and a return on equity of 15.37%. The firm had revenue of $7.37 billion during the quarter, compared to analysts’ expectations of $7.07 billion. The firm’s revenue was up 9.1% on a year-over-year basis. CRH has set its FY 2026 guidance at 5.600-6.050 EPS. As a group, equities research analysts predict that Crh Plc will post 5.92 EPS for the current year.

CRH Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 17th. Stockholders of record on Friday, May 15th will be issued a dividend of $0.39 per share. The ex-dividend date is Friday, May 15th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 1.5%. CRH’s dividend payout ratio (DPR) is currently 28.89%.

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.