Hsbc Holdings PLC Raises Stake in Crh Plc $CRH

Hsbc Holdings PLC increased its holdings in Crh Plc (NYSE:CRH) by 441.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,468,493 shares of the construction company’s stock after buying an additional 1,197,255 shares during the quarter. Hsbc Holdings PLC’s holdings in CRH were worth $154,218,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the business. Board of the Pension Protection Fund acquired a new stake in CRH during the 4th quarter valued at approximately $25,000. Flagship Harbor Advisors LLC acquired a new stake in shares of CRH in the fourth quarter worth $26,000. Harbor Investment Advisory LLC increased its stake in shares of CRH by 87.6% in the fourth quarter. Harbor Investment Advisory LLC now owns 212 shares of the construction company’s stock worth $26,000 after acquiring an additional 99 shares during the period. Kemnay Advisory Services Inc. purchased a new position in shares of CRH during the fourth quarter worth $33,000. Finally, Meeder Asset Management Inc. raised 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 last quarter. 62.50% of the stock is owned by hedge funds and other institutional investors.

CRH Price Performance

CRH opened at $102.96 on Friday. The firm has a fifty day moving average price of $106.33 and a 200 day moving average price of $113.25. Crh Plc has a 1 year low of $92.66 and a 1 year high of $131.55. The stock has a market cap of $68.80 billion, a P/E ratio of 19.07, a P/E/G ratio of 1.79 and a beta of 1.32.

CRH (NYSE:CRH) last announced its quarterly earnings results 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 for the quarter, compared to the consensus estimate of $7.07 billion. CRH had a net margin of 9.65% and a return on equity of 15.37%. CRH’s revenue for the quarter was up 9.1% compared to the same quarter last year. CRH has set its FY 2026 guidance at 5.600-6.050 EPS. Equities analysts expect that Crh Plc will post 5.96 EPS for the current year.

CRH Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 17th. Stockholders of record on Friday, May 15th were paid a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend was 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 reports. Morgan Stanley restated an “overweight” rating and set a $139.00 target price on shares of CRH in a research report on Wednesday, April 15th. Wells Fargo & Company reduced their price objective 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 lowered CRH from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, June 18th. Jefferies Financial Group boosted their price objective on CRH from $149.00 to $165.60 and gave the company a “buy” rating in a report on Friday, June 26th. Finally, Sanford C. Bernstein restated an “outperform” rating on shares of CRH in a research note on Tuesday, June 23rd. Two research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $141.19.

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.