Crh Plc $CRH Holdings Cut by Groupe des Assurances du Credit Mutuel

Groupe des Assurances du Credit Mutuel decreased its stake in Crh Plc (NYSE:CRH) by 34.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 326,977 shares of the construction company’s stock after selling 171,000 shares during the quarter. CRH makes up 12.7% of Groupe des Assurances du Credit Mutuel’s holdings, making the stock its 4th biggest position. Groupe des Assurances du Credit Mutuel’s holdings in CRH were worth $39,205,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of the stock. NewEdge Advisors LLC boosted its holdings in CRH by 158.5% in the 1st quarter. NewEdge Advisors LLC now owns 8,670 shares of the construction company’s stock worth $763,000 after buying an additional 5,316 shares during the last quarter. Empowered Funds LLC raised its holdings in shares of CRH by 5.3% during the first quarter. Empowered Funds LLC now owns 13,178 shares of the construction company’s stock valued at $1,159,000 after acquiring an additional 658 shares during the last quarter. Sivia Capital Partners LLC raised its holdings in shares of CRH by 58.5% during the second quarter. Sivia Capital Partners LLC now owns 4,279 shares of the construction company’s stock valued at $393,000 after acquiring an additional 1,579 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of CRH by 596.5% in the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 46,340 shares of the construction company’s stock valued at $4,254,000 after acquiring an additional 39,687 shares in the last quarter. Finally, Campbell & CO Investment Adviser LLC lifted its position in shares of CRH by 21.8% in the second quarter. Campbell & CO Investment Adviser LLC now owns 14,567 shares of the construction company’s stock valued at $1,338,000 after acquiring an additional 2,609 shares in the last quarter. Institutional investors and hedge funds own 62.50% of the company’s stock.

CRH Price Performance

CRH stock opened at $104.00 on Thursday. Crh Plc has a 1 year low of $76.75 and a 1 year high of $131.55. The firm has a market capitalization of $69.50 billion, a PE ratio of 18.84, a price-to-earnings-growth ratio of 1.86 and a beta of 1.33. The business has a 50 day simple moving average of $121.98 and a 200-day simple moving average of $119.05.

CRH (NYSE:CRH) last announced its quarterly earnings data on Wednesday, February 18th. The construction company reported $1.52 EPS for the quarter, missing analysts’ consensus estimates of $2.20 by ($0.68). The company had revenue of $5.42 billion for the quarter, compared to analysts’ expectations of $11.15 billion. CRH had a return on equity of 15.98% and a net margin of 10.02%.The business’s quarterly revenue was up 6.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.02 EPS. CRH has set its FY 2026 guidance at 5.600-6.050 EPS. On average, equities research analysts expect that Crh Plc will post 5.47 EPS for the current year.

CRH Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 8th. Stockholders of record on Friday, March 6th will be issued a dividend of $0.39 per share. The ex-dividend date is Friday, March 6th. This represents a $1.56 annualized dividend and a dividend yield of 1.5%. This is a boost from CRH’s previous quarterly dividend of $0.37. CRH’s payout ratio is presently 28.26%.

Wall Street Analysts Forecast Growth

CRH has been the subject of several research reports. Morgan Stanley boosted their price target on CRH from $140.00 to $141.00 and gave the stock an “overweight” rating in a research report on Monday, March 2nd. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of CRH in a report on Monday, December 8th. DA Davidson set a $120.00 target price on shares of CRH in a research note on Friday, February 20th. BNP Paribas Exane raised shares of CRH to a “strong-buy” rating in a report on Friday, January 23rd. Finally, 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. 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’s stock. According to data from MarketBeat, the stock presently has an average 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.