Crh Plc $CRH Stock Holdings Increased by National Pension Service

National Pension Service increased its stake in shares of Crh Plc (NYSE:CRH) by 5.9% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 2,020,187 shares of the construction company’s stock after buying an additional 111,824 shares during the quarter. National Pension Service’s holdings in CRH were worth $216,160,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Kemnay Advisory Services Inc. acquired a new position in CRH in the 4th quarter valued at approximately $33,000. Continuum Advisory LLC acquired a new stake in shares of CRH during the 2nd quarter valued at $29,000. Meeder Asset Management Inc. grew its holdings in shares of CRH by 29,400.0% during the 4th quarter. Meeder Asset Management Inc. now owns 295 shares of the construction company’s stock valued at $37,000 after acquiring an additional 294 shares in the last quarter. Elyxium Wealth LLC purchased a new position in shares of CRH during the 4th quarter valued at $37,000. Finally, Bell Investment Advisors Inc increased its stake in shares of CRH by 51.2% in the first quarter. Bell Investment Advisors Inc now owns 304 shares of the construction company’s stock worth $32,000 after acquiring an additional 103 shares during the last quarter. 62.50% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on CRH shares. Jefferies Financial Group increased their price objective on CRH from $149.00 to $165.60 and gave the stock a “buy” rating in a report on Friday, June 26th. Truist Financial dropped their target price on CRH from $140.00 to $130.00 and set a “buy” rating on the stock in a research report on Friday, July 31st. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of CRH in a research note on Tuesday, June 23rd. Citigroup lowered CRH from a “buy” rating to a “cautious” rating in a report on Wednesday. Finally, Stephens lowered their price target on CRH from $135.00 to $125.00 and set an “overweight” rating for the company in a research note on Friday, July 31st. Two analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, CRH presently has a consensus rating of “Buy” and a consensus target price of $139.57.

CRH Price Performance

CRH stock opened at $87.66 on Friday. The company has a market capitalization of $58.32 billion, a price-to-earnings ratio of 15.46, a PEG ratio of 1.62 and a beta of 1.33. Crh Plc has a one year low of $86.84 and a one year high of $131.55. The company’s fifty day moving average price is $98.36 and its two-hundred day moving average price is $105.40.

CRH (NYSE:CRH) last posted its earnings results on Friday, July 31st. The construction company reported $2.21 earnings per share for the quarter, beating 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 company had revenue of $10.78 billion for the quarter, compared to analyst estimates of $10.68 billion. During the same period last year, the company earned $1.94 earnings per share. The business’s revenue was up 5.6% compared to the same quarter last year. As a group, sell-side analysts anticipate that Crh Plc will post 5.9 earnings per share for the current year.

CRH Dividend Announcement

The business also recently disclosed 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 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date of this dividend is Friday, August 14th. CRH’s dividend payout ratio (DPR) is presently 27.51%.

CRH Company Profile

CRH plc is a global building materials company that supplies products and solutions used in residential, commercial and infrastructure construction. Its offerings include aggregates, cement, ready-mixed concrete, asphalt, architectural products, precast concrete and other construction-related materials and services.

The company serves customers across North America and Europe, with operations spanning construction materials, infrastructure products and building solutions. CRH supports projects such as roads, bridges, airports, utilities, commercial buildings and residential developments.

CRH was formed in 1970 through the merger of Cement Limited and Roadstone, two Irish building materials businesses.