Greenhaven Associates Inc. Sells 5,000 Shares of Crh Plc $CRH

Greenhaven Associates Inc. decreased its position in shares of Crh Plc (NYSE:CRH) by 20.0% during the fourth quarter, Holdings Channel reports. The fund owned 20,000 shares of the construction company’s stock after selling 5,000 shares during the period. CRH makes up about 0.0% of Greenhaven Associates Inc.’s holdings, making the stock its 22nd biggest holding. Greenhaven Associates Inc.’s holdings in CRH were worth $2,496,000 as of its most recent filing with the SEC.

Other institutional investors have also recently made changes to their positions in the company. State Street Corp lifted its stake in shares of CRH by 2.9% in the 3rd quarter. State Street Corp now owns 13,728,016 shares of the construction company’s stock valued at $1,645,995,000 after purchasing an additional 392,146 shares during the period. Norges Bank bought a new position in CRH in the second quarter worth $1,007,932,000. Boston Partners raised its holdings in CRH by 1.7% in the third quarter. Boston Partners now owns 9,816,938 shares of the construction company’s stock worth $1,176,530,000 after purchasing an additional 162,110 shares in the last quarter. Bank of New York Mellon Corp lifted its position in CRH by 6.6% during the third quarter. Bank of New York Mellon Corp now owns 9,788,282 shares of the construction company’s stock valued at $1,173,615,000 after buying an additional 603,082 shares during the period. Finally, Invesco Ltd. lifted its position in CRH by 0.6% during the third quarter. Invesco Ltd. now owns 7,449,387 shares of the construction company’s stock valued at $893,181,000 after buying an additional 45,543 shares during the period. Institutional investors own 62.50% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Citigroup upped their target price on shares of CRH from $142.00 to $155.00 and gave the stock a “buy” rating in a research report on Thursday, January 8th. DA Davidson set a $120.00 price target on shares of CRH in a research note on Friday, February 20th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of CRH in a research note on Monday, December 8th. Morgan Stanley upped their price objective on shares of CRH from $140.00 to $141.00 and gave the stock an “overweight” rating in a report on Monday, March 2nd. Finally, BNP Paribas Exane raised shares of CRH to a “strong-buy” rating in a research note on Friday, January 23rd. Two research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, CRH presently has an average rating of “Moderate Buy” and a consensus target price of $137.86.

CRH Price Performance

CRH opened at $100.41 on Friday. The firm has a market cap of $67.10 billion, a PE ratio of 18.19, a P/E/G ratio of 1.76 and a beta of 1.33. The stock has a 50-day moving average price of $118.44 and a 200-day moving average price of $118.44. Crh Plc has a 1 year low of $76.75 and a 1 year high of $131.55.

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

CRH Increases Dividend

The company 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 is a positive change from CRH’s previous quarterly dividend of $0.37. This represents a $1.56 dividend on an annualized basis and a dividend yield of 1.6%. CRH’s dividend payout ratio is currently 28.26%.

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.