Evelyn Partners Investment Management Europe Ltd Sells 6,054 Shares of Crh Plc $CRH

Evelyn Partners Investment Management Europe Ltd lessened its position in shares of Crh Plc (NYSE:CRH) by 2.6% during the 4th quarter, HoldingsChannel reports. The fund owned 226,850 shares of the construction company’s stock after selling 6,054 shares during the quarter. CRH accounts for about 9.2% of Evelyn Partners Investment Management Europe Ltd’s investment portfolio, making the stock its largest holding. Evelyn Partners Investment Management Europe Ltd’s holdings in CRH were worth $28,311,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Cibc World Market Inc. lifted its stake in shares of CRH by 36.2% during the third quarter. Cibc World Market Inc. now owns 56,390 shares of the construction company’s stock valued at $6,761,000 after acquiring an additional 14,985 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its stake in CRH by 680.6% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 119,237 shares of the construction company’s stock valued at $14,881,000 after buying an additional 103,962 shares during the period. BNP Paribas Financial Markets lifted its stake in CRH by 28.1% in the third quarter. BNP Paribas Financial Markets now owns 1,007,042 shares of the construction company’s stock valued at $120,744,000 after buying an additional 221,107 shares during the period. TD Asset Management Inc lifted its stake in CRH by 41.0% in the third quarter. TD Asset Management Inc now owns 2,758,784 shares of the construction company’s stock valued at $330,778,000 after buying an additional 802,156 shares during the period. Finally, Pacific Capital Partners Ltd lifted its stake in CRH by 47.1% in the fourth quarter. Pacific Capital Partners Ltd now owns 43,750 shares of the construction company’s stock valued at $5,460,000 after buying an additional 14,000 shares during the period. Institutional investors and hedge funds own 62.50% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on CRH shares. JPMorgan Chase & Co. increased their target price on CRH from $135.00 to $140.00 and gave the company an “overweight” rating in a research note on Tuesday, March 3rd. DA Davidson set a $120.00 target price on CRH in a research note on Friday, February 20th. Morgan Stanley reissued an “overweight” rating and issued a $139.00 target price on shares of CRH in a research note on Wednesday, April 15th. Weiss Ratings lowered CRH from a “buy (b)” rating to a “hold (c+)” rating in a research note on Monday, May 4th. Finally, Wells Fargo & Company increased their target price on CRH from $133.00 to $135.00 and gave the company an “equal weight” rating in a research note on Friday, February 20th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, CRH has a consensus rating of “Moderate Buy” and an average target price of $139.54.

CRH Price Performance

NYSE CRH opened at $106.41 on Friday. The firm has a market cap of $71.11 billion, a P/E ratio of 19.71, a P/E/G ratio of 1.85 and a beta of 1.31. The stock’s 50-day moving average is $109.55 and its 200-day moving average is $115.98. Crh Plc has a one year low of $86.82 and a one year high of $131.55.

CRH (NYSE:CRH) last released its quarterly earnings results on Thursday, April 30th. The construction company reported ($0.20) EPS for the quarter, topping analysts’ consensus estimates of ($0.22) by $0.02. The company had revenue of $7.37 billion for the quarter, compared to analyst estimates of $7.07 billion. CRH had a return on equity of 15.37% and a net margin of 9.65%.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. Equities analysts anticipate that Crh Plc will post 5.92 EPS for the current year.

CRH Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 17th. Stockholders of record on Friday, May 15th will be given a dividend of $0.39 per share. The ex-dividend date of this dividend is Friday, May 15th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 1.5%. CRH’s dividend payout ratio (DPR) is currently 28.89%.

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.