Ameritas Advisory Services LLC Takes Position in Crh Plc $CRH

Ameritas Advisory Services LLC bought a new stake in shares of Crh Plc (NYSE:CRH) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 5,307 shares of the construction company’s stock, valued at approximately $662,000.

Other hedge funds have also modified their holdings of the company. Principal Financial Group Inc. boosted its stake in CRH by 24.7% during the 3rd quarter. Principal Financial Group Inc. now owns 2,269,271 shares of the construction company’s stock valued at $272,086,000 after purchasing an additional 448,860 shares during the period. Cibc World Market Inc. boosted its stake in CRH by 36.2% during the 3rd quarter. Cibc World Market Inc. now owns 56,390 shares of the construction company’s stock valued at $6,761,000 after purchasing an additional 14,985 shares during the period. Exane Asset Management boosted its stake in CRH by 21.2% during the 3rd quarter. Exane Asset Management now owns 663,774 shares of the construction company’s stock valued at $80,735,000 after purchasing an additional 116,178 shares during the period. SouthState Bank Corp boosted its stake in CRH by 20,243.5% during the 3rd quarter. SouthState Bank Corp now owns 21,971 shares of the construction company’s stock valued at $2,634,000 after purchasing an additional 21,863 shares during the period. Finally, Dynasty Wealth Management LLC boosted its stake in CRH by 77.5% during the 3rd quarter. Dynasty Wealth Management LLC now owns 34,077 shares of the construction company’s stock valued at $4,086,000 after purchasing an additional 14,877 shares during the period. 62.50% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. 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. Wells Fargo & Company raised their price objective on CRH from $133.00 to $135.00 and gave the stock an “equal weight” rating in a research report on Friday, February 20th. Morgan Stanley reiterated an “overweight” rating and issued a $139.00 price objective on shares of CRH in a research report on Wednesday, April 15th. BNP Paribas Exane upgraded CRH to a “strong-buy” rating in a research report on Friday, January 23rd. Finally, DA Davidson set a $120.00 price objective on CRH in a research report on Friday, February 20th. Two analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $139.54.

CRH Price Performance

CRH stock opened at $103.40 on Friday. The business has a fifty day moving average price of $109.58 and a 200 day moving average price of $117.41. Crh Plc has a fifty-two week low of $86.82 and a fifty-two week high of $131.55. The stock has a market capitalization of $69.09 billion, a price-to-earnings ratio of 19.15, a P/E/G ratio of 1.80 and a beta of 1.36.

CRH (NYSE:CRH) last released its quarterly earnings results on Thursday, April 30th. The construction company reported ($0.20) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.22) by $0.02. CRH had a return on equity of 15.37% and a net margin of 9.65%.The firm had revenue of $7.37 billion during the quarter, compared to analysts’ expectations of $7.07 billion. CRH’s quarterly revenue was up 9.1% compared to the same quarter last year. CRH has set its FY 2026 guidance at 5.600-6.050 EPS. On average, equities analysts expect that Crh Plc will post 5.9 earnings per share for the current fiscal year.

CRH Dividend Announcement

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

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.