Northside Capital Management LLC Has $10.97 Million Position in Crh Plc $CRH

Northside Capital Management LLC boosted its holdings in Crh Plc (NYSE:CRH) by 19.1% in the second quarter, Holdings Channel reports. The institutional investor owned 102,493 shares of the construction company’s stock after buying an additional 16,428 shares during the period. Northside Capital Management LLC’s holdings in CRH were worth $10,967,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in CRH. Flagship Harbor Advisors LLC acquired a new position in CRH in the 4th quarter valued at approximately $26,000. Kemnay Advisory Services Inc. acquired a new position in shares of CRH during the fourth quarter worth $33,000. Meeder Asset Management Inc. lifted its holdings in shares of CRH by 29,400.0% during the fourth quarter. Meeder Asset Management Inc. now owns 295 shares of the construction company’s stock worth $37,000 after purchasing an additional 294 shares during the period. Elyxium Wealth LLC bought a new stake in shares of CRH in the fourth quarter worth $37,000. Finally, Bell Investment Advisors Inc increased its holdings in CRH by 51.2% in the first quarter. Bell Investment Advisors Inc now owns 304 shares of the construction company’s stock valued at $32,000 after purchasing an additional 103 shares during the period. 62.50% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on CRH shares. Stephens lowered their target price on CRH from $135.00 to $125.00 and set an “overweight” rating for the company in a research report on Friday, July 31st. Morgan Stanley reiterated an “overweight” rating and issued a $139.00 price target on shares of CRH in a research report on Wednesday, April 15th. Wells Fargo & Company decreased their price target on CRH from $135.00 to $132.00 and set an “overweight” rating for the company in a research note on Wednesday, July 8th. Weiss Ratings upgraded CRH from a “hold (c)” rating to a “buy (b-)” rating in a research report on Friday, July 31st. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating on shares of CRH in a research note on Tuesday, June 23rd. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $139.44.

CRH Stock Up 0.5%

Shares of NYSE CRH opened at $101.14 on Wednesday. Crh Plc has a twelve month low of $94.11 and a twelve month high of $131.55. The firm has a fifty day simple moving average of $104.45 and a 200 day simple moving average of $110.07. The company has a market capitalization of $67.29 billion, a PE ratio of 17.84, a P/E/G ratio of 1.79 and a beta of 1.34.

CRH (NYSE:CRH) last issued its quarterly earnings results on Thursday, July 30th. The construction company reported $2.21 EPS for the quarter, beating analysts’ consensus estimates of $2.02 by $0.19. CRH had a net margin of 9.93% and a return on equity of 15.76%. The business had revenue of $10.78 billion for the quarter, compared to analysts’ expectations of $10.68 billion. During the same quarter in the prior year, the firm posted $1.94 earnings per share. The business’s quarterly revenue was up 5.6% 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 5.8 earnings per share for the current fiscal year.

CRH Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 16th. Investors of record on Friday, August 14th will be given a dividend of $0.39 per share. The ex-dividend date is Friday, August 14th. This represents a $1.56 annualized dividend and a dividend yield of 1.5%. CRH’s dividend payout ratio is presently 27.51%.

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.