Ferguson Wellman Capital Management Inc. Purchases Shares of 288,274 Crh Plc $CRH

Ferguson Wellman Capital Management Inc. acquired a new position in Crh Plc (NYSE:CRH) during the 1st quarter, HoldingsChannel.com reports. The firm acquired 288,274 shares of the construction company’s stock, valued at approximately $30,303,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of CRH. Fifth Third Bancorp lifted its stake in shares of CRH by 27.4% in the 1st quarter. Fifth Third Bancorp now owns 14,584 shares of the construction company’s stock valued at $1,533,000 after acquiring an additional 3,134 shares during the last quarter. Sequoia Financial Advisors LLC grew its holdings in CRH by 4.2% in the 1st quarter. Sequoia Financial Advisors LLC now owns 22,385 shares of the construction company’s stock worth $2,353,000 after acquiring an additional 900 shares during the last quarter. Cedar Mountain Advisors LLC purchased a new position in shares of CRH in the first quarter valued at about $38,000. Hsbc Holdings PLC raised its stake in shares of CRH by 441.4% during the first quarter. Hsbc Holdings PLC now owns 1,468,493 shares of the construction company’s stock valued at $154,218,000 after acquiring an additional 1,197,255 shares during the last quarter. Finally, Kestra Advisory Services LLC boosted its holdings in shares of CRH by 1.3% during the first quarter. Kestra Advisory Services LLC now owns 19,061 shares of the construction company’s stock worth $2,004,000 after purchasing an additional 243 shares during the period. Institutional investors own 62.50% of the company’s stock.

CRH Price Performance

CRH stock traded up $0.29 during midday trading on Friday, hitting $104.65. The stock had a trading volume of 1,996,992 shares, compared to its average volume of 4,513,190. The business has a 50-day moving average of $107.40 and a two-hundred day moving average of $114.08. The firm has a market cap of $69.93 billion, a price-to-earnings ratio of 19.38, a price-to-earnings-growth ratio of 1.82 and a beta of 1.32. Crh Plc has a 52-week low of $91.22 and a 52-week high of $131.55.

CRH (NYSE:CRH) last released its quarterly earnings data on Thursday, April 30th. The construction company reported ($0.20) earnings per share 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 analyst estimates of $7.07 billion. CRH had a return on equity of 15.37% and a net margin of 9.65%.The business’s revenue for the quarter was up 9.1% on a year-over-year basis. CRH has set its FY 2026 guidance at 5.600-6.050 EPS. Research analysts predict 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. Stockholders of record on Friday, May 15th were given a dividend of $0.39 per share. The ex-dividend date of this dividend was Friday, May 15th. This represents a $1.56 annualized dividend and a dividend yield of 1.5%. CRH’s payout ratio is currently 28.89%.

Wall Street Analysts Forecast Growth

CRH has been the topic of several recent analyst reports. Morgan Stanley reissued an “overweight” rating and issued a $139.00 target price on shares of CRH in a research note on Wednesday, April 15th. Sanford C. Bernstein reiterated an “outperform” rating on shares of CRH in a report on Tuesday, June 23rd. Weiss Ratings lowered CRH from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, June 18th. Wells Fargo & Company reduced their target price on CRH from $135.00 to $132.00 and set an “overweight” rating on the stock in a research note on Wednesday. Finally, Jefferies Financial Group boosted their price target on shares of CRH from $149.00 to $165.60 and gave the company a “buy” rating in a research report on Friday, June 26th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $141.19.

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.