HighTower Advisors LLC Cuts Stock Holdings in Crh Plc $CRH

HighTower Advisors LLC lowered its position in shares of Crh Plc (NYSE:CRH) by 9.1% in the fourth quarter, Holdings Channel.com reports. The fund owned 161,280 shares of the construction company’s stock after selling 16,188 shares during the quarter. HighTower Advisors LLC’s holdings in CRH were worth $20,128,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in CRH. Board of the Pension Protection Fund acquired a new position in shares of CRH during the fourth quarter valued at approximately $25,000. Harbor Investment Advisory LLC raised its holdings in shares of CRH by 87.6% during the fourth quarter. Harbor Investment Advisory LLC now owns 212 shares of the construction company’s stock valued at $26,000 after acquiring an additional 99 shares during the last quarter. Flagship Harbor Advisors LLC acquired a new position in shares of CRH during the fourth quarter valued at approximately $26,000. United Community Bank raised its holdings in shares of CRH by 359.6% during the third quarter. United Community Bank now owns 239 shares of the construction company’s stock valued at $29,000 after acquiring an additional 187 shares during the last quarter. Finally, Riggs Asset Managment Co. Inc. raised its holdings in shares of CRH by 1,835.3% during the second quarter. Riggs Asset Managment Co. Inc. now owns 329 shares of the construction company’s stock valued at $30,000 after acquiring an additional 312 shares during the last quarter. Institutional investors and hedge funds own 62.50% of the company’s stock.

CRH Stock Performance

Shares of CRH stock opened at $100.47 on Friday. The firm has a market capitalization of $67.13 billion, a price-to-earnings ratio of 18.61, a PEG ratio of 1.75 and a beta of 1.36. Crh Plc has a fifty-two week low of $86.82 and a fifty-two week high of $131.55. The stock has a 50 day moving average of $109.00 and a 200 day moving average of $116.78.

CRH (NYSE:CRH) last issued its quarterly earnings data 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. The company had revenue of $7.37 billion during 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%.CRH’s 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. Analysts forecast that Crh Plc will post 5.92 EPS for the current year.

CRH Announces Dividend

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

Wall Street Analysts Forecast Growth

CRH has been the subject of a number of research analyst reports. Morgan Stanley reissued an “overweight” rating and set a $139.00 target price on shares of CRH in a report on Wednesday, April 15th. Weiss Ratings cut CRH from a “buy (b)” rating to a “hold (c+)” rating in a report on Monday, May 4th. 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 report on Friday, February 20th. DA Davidson set a $120.00 target price on CRH in a report on Friday, February 20th. Finally, JPMorgan Chase & Co. increased their target price on CRH from $135.00 to $140.00 and gave the company an “overweight” rating in a report on Tuesday, March 3rd. Two 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 company’s stock. According to MarketBeat.com, CRH presently has an average rating of “Moderate Buy” and an average price target of $139.54.

CRH 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.