LGT Group Foundation Boosts Stake in Crh Plc $CRH

LGT Group Foundation boosted its holdings in shares of Crh Plc (NYSE:CRH) by 61.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,666,972 shares of the construction company’s stock after acquiring an additional 634,301 shares during the period. CRH accounts for approximately 2.3% of LGT Group Foundation’s investment portfolio, making the stock its 12th biggest position. LGT Group Foundation owned about 0.25% of CRH worth $199,787,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of CRH. L2 Asset Management LLC boosted its holdings in shares of CRH by 3.0% during the 2nd quarter. L2 Asset Management LLC now owns 3,028 shares of the construction company’s stock worth $278,000 after purchasing an additional 89 shares during the last quarter. UMB Bank n.a. increased its holdings in shares of CRH by 34.8% in the third 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 last quarter. Crossmark Global Holdings Inc. lifted its position in CRH by 2.4% during the third quarter. Crossmark Global Holdings Inc. now owns 4,126 shares of the construction company’s stock worth $495,000 after buying an additional 96 shares in the last quarter. Sound View Wealth Advisors Group LLC lifted its position in 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 buying an additional 100 shares in the last quarter. Finally, Shepherd Financial Partners LLC boosted its stake in 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 buying an additional 106 shares during the last quarter. Institutional investors and hedge funds own 62.50% of the company’s stock.

CRH Price Performance

CRH opened at $106.36 on Monday. The business has a fifty day moving average price of $123.21 and a 200 day moving average price of $119.24. Crh Plc has a 12 month low of $76.75 and a 12 month high of $131.55. The stock has a market capitalization of $71.07 billion, a price-to-earnings ratio of 19.27, a PEG ratio of 1.86 and a beta of 1.33.

CRH (NYSE:CRH) last posted its quarterly earnings results 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). CRH had a net margin of 10.02% and a return on equity of 15.98%. The company had revenue of $5.42 billion during the quarter, compared to analyst estimates of $11.15 billion. During the same period in the prior year, the business earned $1.02 EPS. CRH’s revenue for the quarter 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, research analysts anticipate that Crh Plc will post 5.47 earnings per share for the current year.

CRH Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 8th. Investors of record on Friday, March 6th will be paid a $0.39 dividend. This is an increase 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 payout ratio is presently 28.26%.

Wall Street Analyst Weigh In

A number of analysts have issued reports on CRH shares. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of CRH in a research note on Monday, December 22nd. Morgan Stanley boosted their price target on shares of CRH from $140.00 to $141.00 and gave the company an “overweight” rating in a research report on Monday, March 2nd. UBS Group upped their price objective on shares of CRH from $138.00 to $147.00 and gave the company a “buy” rating in a report on Thursday, January 8th. Longbow Research assumed coverage on shares of CRH in a research report on Tuesday, December 16th. They set a “buy” rating and a $160.00 price objective for the company. Finally, JPMorgan Chase & Co. lifted their target price on shares of CRH from $135.00 to $140.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price 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.