Sax Wealth Advisors LLC Makes New $596,000 Investment in Crh Plc $CRH

Sax Wealth Advisors LLC acquired a new stake in Crh Plc (NYSE:CRH) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 5,670 shares of the construction company’s stock, valued at approximately $596,000.

A number of other hedge funds have also recently bought and sold shares of CRH. NewEdge Advisors LLC increased its stake in CRH by 158.5% in the first quarter. NewEdge Advisors LLC now owns 8,670 shares of the construction company’s stock valued at $763,000 after purchasing an additional 5,316 shares during the last quarter. Empowered Funds LLC raised its stake in CRH by 5.3% during the first quarter. Empowered Funds LLC now owns 13,178 shares of the construction company’s stock worth $1,159,000 after purchasing an additional 658 shares during the period. Sivia Capital Partners LLC increased its holdings in shares of CRH by 58.5% during the 2nd quarter. Sivia Capital Partners LLC now owns 4,279 shares of the construction company’s stock worth $393,000 after buying an additional 1,579 shares during the last quarter. Sei Investments Co. increased its holdings in shares of CRH by 18.9% during the 2nd quarter. Sei Investments Co. now owns 228,288 shares of the construction company’s stock worth $20,957,000 after buying an additional 36,238 shares during the last quarter. Finally, Treasurer of the State of North Carolina boosted its holdings in CRH by 0.7% in the second quarter. Treasurer of the State of North Carolina now owns 316,818 shares of the construction company’s stock valued at $29,084,000 after acquiring an additional 2,348 shares during the last quarter. Institutional investors and hedge funds own 62.50% of the company’s stock.

Analysts Set New Price Targets

CRH has been the subject of a number of research reports. Sanford C. Bernstein reiterated an “outperform” rating on shares of CRH in a report on Tuesday, June 23rd. Jefferies Financial Group increased their price objective 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. Weiss Ratings upgraded shares of CRH from a “hold (c)” rating to a “buy (b-)” rating in a research note on Friday, July 31st. Truist Financial reduced their target price on shares of CRH from $140.00 to $130.00 and set a “buy” rating on the stock in a research report on Friday, July 31st. Finally, Stephens lowered their price target on shares of CRH from $135.00 to $125.00 and set an “overweight” rating for the company in a report on Friday, July 31st. One investment 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 company’s stock. According to MarketBeat, CRH currently has a consensus rating of “Buy” and an average price target of $139.44.

CRH Stock Up 0.0%

NYSE:CRH opened at $100.50 on Tuesday. The business’s 50-day moving average price is $104.56 and its 200 day moving average price is $110.21. Crh Plc has a 52-week low of $94.11 and a 52-week high of $131.55. The firm has a market cap of $66.86 billion, a P/E ratio of 17.72, a PEG ratio of 1.78 and a beta of 1.34.

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

CRH Dividend Announcement

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 $0.39 dividend. The ex-dividend date of this dividend is Friday, August 14th. This represents a $1.56 annualized dividend and a dividend yield of 1.6%. CRH’s payout ratio is 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.