Cannell & Spears LLC Cuts Holdings in Crh Plc $CRH

Cannell & Spears LLC trimmed its stake in Crh Plc (NYSE:CRH) by 16.1% in the 1st quarter, HoldingsChannel reports. The fund owned 590,956 shares of the construction company’s stock after selling 113,589 shares during the quarter. CRH comprises 1.2% of Cannell & Spears LLC’s investment portfolio, making the stock its 20th largest position. Cannell & Spears LLC’s holdings in CRH were worth $62,064,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in CRH. Pacific Capital Partners Ltd increased its position in CRH by 47.1% during the 4th 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 in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its holdings 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 worth $14,881,000 after acquiring an additional 103,962 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in CRH by 33.2% in the fourth quarter. Principal Financial Group Inc. now owns 3,021,734 shares of the construction company’s stock worth $377,112,000 after acquiring an additional 752,463 shares in the last quarter. Alphinity Investment Management Pty Ltd grew its stake in shares of CRH by 3.3% during the fourth quarter. Alphinity Investment Management Pty Ltd now owns 4,337,447 shares of the construction company’s stock worth $541,313,000 after acquiring an additional 137,048 shares during the last quarter. Finally, Mirabaud Asset Management Ltd grew its stake in shares of CRH by 38.2% during the fourth quarter. Mirabaud Asset Management Ltd now owns 98,038 shares of the construction company’s stock worth $12,235,000 after acquiring an additional 27,118 shares during the last quarter. Institutional investors own 62.50% of the company’s stock.

CRH Stock Up 2.0%

CRH stock opened at $99.99 on Friday. The stock has a 50-day moving average price of $105.41 and a 200 day moving average price of $112.33. The company has a market capitalization of $66.81 billion, a price-to-earnings ratio of 18.52, a price-to-earnings-growth ratio of 1.69 and a beta of 1.32. Crh Plc has a 52 week low of $93.58 and a 52 week high of $131.55.

CRH (NYSE:CRH) last issued its quarterly earnings results on Thursday, April 30th. The construction company reported ($0.20) earnings per share for the quarter, topping the consensus estimate of ($0.22) by $0.02. CRH had a net margin of 9.65% and a return on equity of 15.37%. The company had revenue of $7.37 billion for the quarter, compared to the consensus estimate of $7.07 billion. The company’s revenue for the quarter was up 9.1% on a year-over-year basis. CRH has set its FY 2026 guidance at 5.600-6.050 EPS. Research analysts anticipate that Crh Plc will post 5.96 EPS for the current fiscal year.

CRH Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 17th. Stockholders of record on Friday, May 15th were paid a $0.39 dividend. The ex-dividend date was Friday, May 15th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 1.6%. CRH’s dividend payout ratio is presently 28.89%.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Weiss Ratings lowered shares of CRH from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, June 18th. Morgan Stanley restated an “overweight” rating and set a $139.00 price target on shares of CRH in a research note on Wednesday, April 15th. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of CRH in a report on Tuesday, June 23rd. Jefferies Financial Group lifted their price objective on shares of CRH from $149.00 to $165.60 and gave the stock a “buy” rating in a research note on Friday, June 26th. Finally, Wells Fargo & Company dropped their price objective on shares of CRH from $135.00 to $132.00 and set an “overweight” rating on the stock in a report on Wednesday, July 8th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $141.19.

CRH Company Profile

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.