Crh Plc $CRH Shares Bought by Hsbc Holdings PLC

Hsbc Holdings PLC grew its holdings in Crh Plc (NYSE:CRHFree Report) by 25.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 271,238 shares of the construction company’s stock after purchasing an additional 55,692 shares during the quarter. Hsbc Holdings PLC’s holdings in CRH were worth $33,996,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Pure Financial Advisors LLC acquired a new stake in shares of CRH in the fourth quarter valued at approximately $274,000. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in CRH during the fourth quarter worth $13,684,000. Alpine Global Management LLC boosted its stake in CRH by 1,490.4% during the fourth quarter. Alpine Global Management LLC now owns 35,688 shares of the construction company’s stock worth $4,454,000 after buying an additional 33,444 shares during the last quarter. Banque Transatlantique SA grew its holdings in CRH by 1.8% in the 4th quarter. Banque Transatlantique SA now owns 318,068 shares of the construction company’s stock valued at $39,610,000 after buying an additional 5,632 shares in the last quarter. Finally, Pacer Advisors Inc. purchased a new stake in CRH in the 4th quarter valued at $6,671,000. 62.50% of the stock is currently owned by institutional investors and hedge funds.

Key Stories Impacting CRH

Here are the key news stories impacting CRH this week:

CRH Stock Down 0.8%

Shares of CRH stock opened at $110.34 on Wednesday. Crh Plc has a 52 week low of $86.97 and a 52 week high of $131.55. The business’s fifty day simple moving average is $109.71 and its 200-day simple moving average is $115.59. The firm has a market cap of $73.73 billion, a PE ratio of 20.43, a price-to-earnings-growth ratio of 1.94 and a beta of 1.31.

CRH (NYSE:CRHGet Free Report) last issued its quarterly earnings data on Thursday, April 30th. The construction company reported ($0.20) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.22) by $0.02. The firm had revenue of $7.37 billion during 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 firm’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. As a group, equities analysts expect that Crh Plc will post 5.92 earnings per share for the current year.

CRH Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 17th. Shareholders of record on Friday, May 15th were paid a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend was Friday, May 15th. CRH’s dividend payout ratio (DPR) is 28.89%.

Analyst Upgrades and Downgrades

CRH has been the topic of several analyst reports. Sanford C. Bernstein reiterated an “outperform” rating on shares of CRH in a report on Tuesday. JPMorgan Chase & Co. raised their price objective on shares of CRH from $135.00 to $140.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 3rd. Weiss Ratings downgraded shares of CRH from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, June 18th. Finally, Morgan Stanley reissued an “overweight” rating and issued a $139.00 price target on shares of CRH in a research note on Wednesday, April 15th. 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 company’s stock. According to MarketBeat.com, CRH has an average rating of “Moderate Buy” and an average price target of $139.54.

Check Out Our Latest Analysis on CRH

CRH Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for CRH (NYSE:CRH)

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