20,834 Shares in Crh Plc $CRH Purchased by Commerzbank Aktiengesellschaft FI

Commerzbank Aktiengesellschaft FI purchased a new position in Crh Plc (NYSE:CRH) during the 2nd quarter, Holdings Channel.com reports. The firm purchased 20,834 shares of the construction company’s stock, valued at approximately $2,229,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Riggs Asset Managment Co. Inc. grew its position in CRH by 1,835.3% during the 2nd quarter. Riggs Asset Managment Co. Inc. now owns 329 shares of the construction company’s stock valued at $30,000 after purchasing an additional 312 shares during the last quarter. Bell Investment Advisors Inc grew its position in shares of CRH by 51.2% during the 1st quarter. Bell Investment Advisors Inc now owns 304 shares of the construction company’s stock valued at $32,000 after acquiring an additional 103 shares during the period. Kemnay Advisory Services Inc. purchased a new stake in CRH in the fourth quarter worth about $33,000. Elyxium Wealth LLC purchased a new stake in shares of CRH in the fourth quarter worth $37,000. Finally, Meeder Asset Management Inc. increased its stake in CRH by 29,400.0% in the 4th quarter. Meeder Asset Management Inc. now owns 295 shares of the construction company’s stock worth $37,000 after buying an additional 294 shares in the last quarter. Institutional investors own 62.50% of the company’s stock.

CRH Stock Down 0.9%

CRH stock opened at $96.29 on Tuesday. The firm has a market cap of $64.06 billion, a P/E ratio of 16.98, a PEG ratio of 1.73 and a beta of 1.34. The company’s 50-day simple moving average is $103.84 and its 200-day simple moving average is $109.34. Crh Plc has a 52-week low of $94.11 and a 52-week high of $131.55.

CRH (NYSE:CRH) last announced its earnings results on Thursday, July 30th. The construction company reported $2.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.02 by $0.19. The business had revenue of $10.78 billion for the quarter, compared to analyst estimates of $10.68 billion. CRH had a net margin of 9.93% and a return on equity of 15.76%. The company’s revenue for the quarter was up 5.6% compared to the same quarter last year. During the same quarter last year, the business earned $1.94 earnings per share. CRH has set its FY 2026 guidance at 5.600-6.050 EPS. On average, analysts anticipate that Crh Plc will post 5.8 earnings per share for the current fiscal year.

CRH Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 16th. Stockholders of record on Friday, August 14th will be issued a dividend of $0.39 per share. The ex-dividend date is Friday, August 14th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 1.6%. CRH’s dividend payout ratio (DPR) is currently 27.51%.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on CRH shares. Truist Financial reduced their price target on shares of CRH from $140.00 to $130.00 and set a “buy” rating on the stock in a report on Friday, July 31st. Sanford C. Bernstein restated an “outperform” rating on shares of CRH in a research report on Tuesday, June 23rd. Weiss Ratings upgraded CRH from a “hold (c)” rating to a “buy (b-)” rating in a research report on Friday, July 31st. Wells Fargo & Company cut their price target 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. Finally, Jefferies Financial Group lifted their target price on CRH from $149.00 to $165.60 and gave the company a “buy” rating in a research report on Friday, June 26th. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $139.44.

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.