Pictet Asset Management Holding SA Sells 149,938 Shares of Crh Plc $CRH

Pictet Asset Management Holding SA decreased its stake in Crh Plc (NYSE:CRH) by 30.0% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 350,075 shares of the construction company’s stock after selling 149,938 shares during the period. Pictet Asset Management Holding SA’s holdings in CRH were worth $36,797,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. JFS Wealth Advisors LLC lifted its position in shares of CRH by 12.1% during the 4th quarter. JFS Wealth Advisors LLC now owns 794 shares of the construction company’s stock valued at $99,000 after buying an additional 86 shares in the last quarter. Waddell & Associates LLC increased its holdings in CRH by 3.8% in the 4th quarter. Waddell & Associates LLC now owns 2,352 shares of the construction company’s stock worth $294,000 after acquiring an additional 87 shares in the last quarter. PDS Planning Inc raised its stake in CRH by 2.3% during the 4th quarter. PDS Planning Inc now owns 4,000 shares of the construction company’s stock worth $499,000 after acquiring an additional 89 shares during the period. Crossmark Global Holdings Inc. lifted its holdings in CRH by 2.4% during the third quarter. Crossmark Global Holdings Inc. now owns 4,126 shares of the construction company’s stock valued at $495,000 after purchasing an additional 96 shares in the last quarter. Finally, Harbor Investment Advisory LLC lifted its holdings in CRH by 87.6% during the fourth quarter. Harbor Investment Advisory LLC now owns 212 shares of the construction company’s stock valued at $26,000 after purchasing an additional 99 shares in the last quarter. Institutional investors own 62.50% of the company’s stock.

CRH Stock Down 1.8%

CRH stock opened at $106.96 on Wednesday. Crh Plc has a 52-week low of $91.22 and a 52-week high of $131.55. The firm’s fifty day moving average is $109.13 and its 200 day moving average is $115.14. The company has a market cap of $71.47 billion, a price-to-earnings ratio of 19.81, a PEG ratio of 1.89 and a beta of 1.31.

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

CRH Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 17th. Investors of record on Friday, May 15th were given a $0.39 dividend. The ex-dividend date was Friday, May 15th. This represents a $1.56 annualized dividend and a yield of 1.5%. CRH’s dividend payout ratio (DPR) is currently 28.89%.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Sanford C. Bernstein reissued an “outperform” rating on shares of CRH in a research note on Tuesday, June 23rd. Jefferies Financial Group lifted their target price on shares of CRH from $149.00 to $165.60 and gave the company a “buy” rating in a research note on Friday. Morgan Stanley reaffirmed an “overweight” rating and issued a $139.00 target price on shares of CRH in a report on Wednesday, April 15th. JPMorgan Chase & Co. increased their price target on CRH from $135.00 to $140.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 3rd. Finally, Weiss Ratings cut CRH from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, June 18th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $141.40.

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.