Swedbank AB Cuts Stake in Crh Plc $CRH

Swedbank AB lowered its holdings in shares of Crh Plc (NYSE:CRH) by 14.0% during the 1st quarter, Holdings Channel.com reports. The firm owned 103,234 shares of the construction company’s stock after selling 16,819 shares during the quarter. Swedbank AB’s holdings in CRH were worth $10,852,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its stake in CRH by 22.7% in the fourth quarter. Vanguard Group Inc. now owns 79,117,664 shares of the construction company’s stock worth $9,873,884,000 after purchasing an additional 14,623,673 shares during the last quarter. Norges Bank bought a new position in shares of CRH during the fourth quarter valued at about $1,476,939,000. State Street Corp increased its holdings in shares of CRH by 81.3% in the fourth quarter. State Street Corp now owns 24,895,205 shares of the construction company’s stock worth $3,106,927,000 after buying an additional 11,167,189 shares during the period. Geode Capital Management LLC increased its holdings in shares of CRH by 67.3% in the fourth quarter. Geode Capital Management LLC now owns 14,709,575 shares of the construction company’s stock worth $1,827,252,000 after buying an additional 5,916,930 shares during the period. Finally, National Pension Service bought a new stake in shares of CRH in the 4th quarter valued at about $258,172,000. Hedge funds and other institutional investors own 62.50% of the company’s stock.

Wall Street Analyst Weigh In

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

CRH Stock Up 0.3%

Shares of CRH stock traded up $0.29 during trading on Friday, reaching $104.65. 1,996,992 shares of the stock were exchanged, compared to its average volume of 4,513,190. The firm has a market cap of $69.93 billion, a price-to-earnings ratio of 19.38, a price-to-earnings-growth ratio of 1.82 and a beta of 1.32. Crh Plc has a 1 year low of $91.22 and a 1 year high of $131.55. The stock’s fifty day moving average is $107.40 and its 200 day moving average is $114.08.

CRH (NYSE:CRH) last announced its quarterly earnings results on Thursday, April 30th. The construction company reported ($0.20) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.22) by $0.02. The company had revenue of $7.37 billion for the quarter, compared to the consensus estimate 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 forecast that Crh Plc will post 5.92 earnings per share for the current year.

CRH Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 17th. Stockholders of record on Friday, May 15th were paid a dividend of $0.39 per share. The ex-dividend date of this dividend was Friday, May 15th. This represents a $1.56 annualized dividend and a dividend yield of 1.5%. CRH’s payout ratio is 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.