EverSource Wealth Advisors LLC Buys 6,114 Shares of Crh Plc $CRH

EverSource Wealth Advisors LLC grew its stake in shares of Crh Plc (NYSE:CRH) by 4.7% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 135,164 shares of the construction company’s stock after purchasing an additional 6,114 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in CRH were worth $14,208,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the stock. Resources Management Corp CT ADV grew its stake in shares of CRH by 255.6% in the first quarter. Resources Management Corp CT ADV now owns 3,119 shares of the construction company’s stock valued at $328,000 after buying an additional 2,242 shares in the last quarter. Recurrent Investment Advisors LLC raised its position in CRH by 51.8% during the first quarter. Recurrent Investment Advisors LLC now owns 9,402 shares of the construction company’s stock worth $988,000 after acquiring an additional 3,210 shares in the last quarter. Empowered Funds LLC raised its position in CRH by 4.1% during the first quarter. Empowered Funds LLC now owns 126,655 shares of the construction company’s stock worth $13,314,000 after acquiring an additional 4,937 shares in the last quarter. Evelyn Partners Investment Management Services Ltd lifted its stake in CRH by 8.1% in the first quarter. Evelyn Partners Investment Management Services Ltd now owns 120,667 shares of the construction company’s stock valued at $12,685,000 after acquiring an additional 8,999 shares during the last quarter. Finally, The Manufacturers Life Insurance Company grew its position in shares of CRH by 6.9% in the 1st quarter. The Manufacturers Life Insurance Company now owns 1,040,004 shares of the construction company’s stock valued at $109,166,000 after acquiring an additional 67,088 shares during the period. Institutional investors and hedge funds own 62.50% of the company’s stock.

CRH Price Performance

NYSE:CRH opened at $103.48 on Wednesday. The company has a market cap of $69.15 billion, a P/E ratio of 19.16, a P/E/G ratio of 1.78 and a beta of 1.32. The firm’s fifty day moving average price is $105.49 and its two-hundred day moving average price is $111.89. Crh Plc has a one year low of $93.58 and a one year high of $131.55.

CRH (NYSE:CRH) last posted its earnings results on Thursday, April 30th. The construction company reported ($0.20) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.22) by $0.02. CRH had a net margin of 9.65% and a return on equity of 15.37%. The company had revenue of $7.37 billion during the quarter, compared to analysts’ expectations of $7.07 billion. The business’s quarterly 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 expect that Crh Plc will post 5.96 earnings per share for the current year.

CRH Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 17th. Shareholders of record on Friday, May 15th were given a dividend of $0.39 per share. 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 28.89%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Sanford C. Bernstein restated an “outperform” rating on shares of CRH in a research note on Tuesday, June 23rd. Wells Fargo & Company reduced their price target on CRH from $135.00 to $132.00 and set an “overweight” rating for the company in a report on Wednesday, July 8th. Morgan Stanley reissued an “overweight” rating and set a $139.00 price target on shares of CRH in a research report on Wednesday, April 15th. Jefferies Financial Group upped their price objective on CRH from $149.00 to $165.60 and gave the company a “buy” rating in a research note on Friday, June 26th. Finally, Weiss Ratings cut CRH from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, June 18th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, CRH currently has an average rating of “Buy” and a consensus target price of $141.19.

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.