Coronation Fund Managers Ltd. Reduces Stock Holdings in Crh Plc $CRH

Coronation Fund Managers Ltd. lowered its stake in shares of Crh Plc (NYSE:CRH) by 44.0% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 19,103 shares of the construction company’s stock after selling 15,013 shares during the quarter. Coronation Fund Managers Ltd.’s holdings in CRH were worth $2,008,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Militia Capital Management LLC bought a new stake in CRH in the first quarter worth $631,000. First Trust Advisors LP increased its position in CRH by 120.4% during the first quarter. First Trust Advisors LP now owns 355,255 shares of the construction company’s stock valued at $37,345,000 after acquiring an additional 194,088 shares during the last quarter. Saturna Capital Corp raised its stake in shares of CRH by 51.4% in the first quarter. Saturna Capital Corp now owns 264,355 shares of the construction company’s stock valued at $27,789,000 after acquiring an additional 89,750 shares during the period. Himension Capital Singapore PTE. LTD. raised its stake in shares of CRH by 67.5% in the first quarter. Himension Capital Singapore PTE. LTD. now owns 37,087 shares of the construction company’s stock valued at $3,899,000 after acquiring an additional 14,947 shares during the period. Finally, ABN Amro Investment Solutions bought a new stake in shares of CRH in the 1st quarter worth about $10,177,000. Hedge funds and other institutional investors own 62.50% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. Wells Fargo & Company dropped their price target 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. Morgan Stanley reissued an “overweight” rating and issued a $139.00 price objective on shares of CRH in a research report on Wednesday, April 15th. Sanford C. Bernstein reissued an “outperform” rating on shares of CRH in a research note on Tuesday, June 23rd. Jefferies Financial Group upped their target price on CRH from $149.00 to $165.60 and gave the company a “buy” rating in a research note on Friday, June 26th. Finally, Weiss Ratings downgraded CRH from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, June 18th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, CRH has an average rating of “Buy” and an average target price of $141.19.

CRH Stock Performance

CRH stock opened at $100.08 on Thursday. The company has a market capitalization of $66.87 billion, a PE ratio of 18.53, a P/E/G ratio of 1.72 and a beta of 1.32. The company has a 50 day moving average price of $105.67 and a 200-day moving average price of $112.61. Crh Plc has a fifty-two week low of $93.58 and a fifty-two week high of $131.55.

CRH (NYSE:CRH) last announced its quarterly earnings data on Thursday, April 30th. The construction company reported ($0.20) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.22) by $0.02. The company had revenue of $7.37 billion for the quarter, compared to analysts’ expectations of $7.07 billion. CRH had a return on equity of 15.37% and a net margin of 9.65%.The company’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. On average, analysts forecast that Crh Plc will post 5.96 earnings per share for the current year.

CRH Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 17th. Shareholders 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 dividend on an annualized basis and a yield of 1.6%. CRH’s dividend payout ratio (DPR) is 28.89%.

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.