Confluence Investment Management LLC Purchases Shares of 11,823 Crh Plc $CRH

Confluence Investment Management LLC purchased a new position in Crh Plc (NYSE:CRH) in the second quarter, HoldingsChannel reports. The institutional investor purchased 11,823 shares of the construction company’s stock, valued at approximately $1,265,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. NewEdge Advisors LLC grew its holdings in shares of CRH by 158.5% during the first quarter. NewEdge Advisors LLC now owns 8,670 shares of the construction company’s stock valued at $763,000 after buying an additional 5,316 shares during the last quarter. Empowered Funds LLC raised its stake in CRH by 5.3% in the 1st quarter. Empowered Funds LLC now owns 13,178 shares of the construction company’s stock worth $1,159,000 after acquiring an additional 658 shares during the last quarter. Sivia Capital Partners LLC lifted its position in 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 acquiring an additional 1,579 shares during the period. Sei Investments Co. lifted its position in 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 acquiring an additional 36,238 shares during the period. Finally, Treasurer of the State of North Carolina grew its stake in CRH by 0.7% during the 2nd 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 purchasing an additional 2,348 shares during the last quarter. 62.50% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Weiss Ratings upgraded CRH from a “hold (c)” rating to a “buy (b-)” rating in a research note on Friday. Sanford C. Bernstein reiterated an “outperform” rating on shares of CRH in a research report on Tuesday, June 23rd. Jefferies Financial Group increased their price target on shares of CRH from $149.00 to $165.60 and gave the stock a “buy” rating in a report on Friday, June 26th. 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. Finally, Wells Fargo & Company decreased their price objective on shares of CRH from $135.00 to $132.00 and set an “overweight” rating for the company in a research note on Wednesday, July 8th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $139.44.

CRH Stock Performance

NYSE CRH opened at $99.16 on Wednesday. The firm has a market capitalization of $66.26 billion, a P/E ratio of 17.49, a PEG ratio of 1.72 and a beta of 1.34. The stock has a 50-day simple moving average of $105.16 and a two-hundred day simple moving average of $110.85. Crh Plc has a fifty-two week low of $94.11 and a fifty-two week high of $131.55.

CRH (NYSE:CRH) last released its quarterly earnings results on Thursday, July 30th. The construction company reported $2.21 EPS for the quarter, beating the consensus estimate of $2.02 by $0.19. CRH had a net margin of 9.93% and a return on equity of 15.76%. The company had revenue of $10.78 billion for the quarter, compared to analyst estimates of $10.68 billion. During the same quarter last year, the business earned $1.94 earnings per share. The firm’s revenue was up 5.6% on a year-over-year basis. CRH has set its FY 2026 guidance at 5.600-6.050 EPS. As a group, analysts forecast that Crh Plc will post 5.89 earnings per share for the current year.

CRH Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 16th. Investors of record on Friday, August 14th will be paid a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 1.6%. The ex-dividend date is Friday, August 14th. CRH’s payout ratio is currently 27.51%.

About CRH

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.