Truist Financial Corp Decreases Stake in Crh Plc $CRH

Truist Financial Corp lessened its holdings in shares of Crh Plc (NYSE:CRH) by 3.9% in the 4th quarter, Holdings Channel reports. The fund owned 214,680 shares of the construction company’s stock after selling 8,785 shares during the quarter. Truist Financial Corp’s holdings in CRH were worth $26,792,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of CRH. Board of the Pension Protection Fund acquired a new stake in shares of CRH in the fourth quarter valued at approximately $25,000. Flagship Harbor Advisors LLC acquired a new position in CRH during the fourth quarter worth $26,000. Harbor Investment Advisory LLC grew its holdings in CRH by 87.6% in the 4th quarter. Harbor Investment Advisory LLC now owns 212 shares of the construction company’s stock valued at $26,000 after buying an additional 99 shares in the last quarter. United Community Bank grew its holdings in CRH by 359.6% in the 3rd quarter. United Community Bank now owns 239 shares of the construction company’s stock valued at $29,000 after buying an additional 187 shares in the last quarter. Finally, Cornerstone Planning Group LLC increased its stake in shares of CRH by 139.3% in the 3rd quarter. Cornerstone Planning Group LLC now owns 268 shares of the construction company’s stock worth $31,000 after acquiring an additional 156 shares during the last quarter. Institutional investors and hedge funds own 62.50% of the company’s stock.

CRH Price Performance

Shares of CRH opened at $114.98 on Thursday. Crh Plc has a 1-year low of $86.82 and a 1-year high of $131.55. The stock has a market cap of $76.84 billion, a PE ratio of 21.29, a P/E/G ratio of 1.97 and a beta of 1.36. The firm has a 50-day simple moving average of $110.74 and a two-hundred day simple moving average of $117.80.

CRH (NYSE:CRH) last issued its quarterly earnings data on Thursday, April 30th. The construction company reported ($0.20) EPS for the quarter, topping the consensus estimate of ($0.22) by $0.02. The firm had revenue of $7.37 billion for the quarter, compared to analyst estimates of $7.07 billion. CRH had a net margin of 9.65% and a return on equity of 15.37%. CRH’s quarterly revenue was up 9.1% on a year-over-year basis. CRH has set its FY 2026 guidance at 5.600-6.050 EPS. As a group, sell-side analysts expect that Crh Plc will post 5.94 earnings per share for the current fiscal year.

CRH Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 17th. Shareholders of record on Friday, May 15th will be paid a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date is Friday, May 15th. CRH’s dividend payout ratio is 28.89%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on CRH shares. Morgan Stanley reissued an “overweight” rating and set a $139.00 price target on shares of CRH in a research report on Wednesday, April 15th. UBS Group raised their price objective on shares of CRH from $138.00 to $147.00 and gave the stock a “buy” rating in a research report on Thursday, January 8th. Weiss Ratings lowered shares of CRH from a “buy (b)” rating to a “hold (c+)” rating in a report on Monday. Wells Fargo & Company raised their price target on shares of CRH from $133.00 to $135.00 and gave the stock an “equal weight” rating in a report on Friday, February 20th. Finally, Citigroup upped their price objective on CRH from $142.00 to $155.00 and gave the company a “buy” rating in a report on Thursday, January 8th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, CRH presently has an average rating of “Moderate Buy” and a consensus target price of $139.54.

CRH Company 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.