Principal Financial Group Inc. Has $279.88 Million Stock Position in Crh Plc $CRH

Principal Financial Group Inc. reduced its position in shares of Crh Plc (NYSE:CRH) by 11.9% in the 1st quarter, HoldingsChannel reports. The firm owned 2,662,527 shares of the construction company’s stock after selling 359,207 shares during the period. Principal Financial Group Inc.’s holdings in CRH were worth $279,885,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CRH. NewEdge Advisors LLC increased 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 worth $763,000 after buying an additional 5,316 shares in the last quarter. Empowered Funds LLC boosted its holdings in shares of 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 in the last quarter. Sivia Capital Partners LLC boosted its holdings in shares of CRH by 58.5% in 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 in the last quarter. Sei Investments Co. grew 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 last quarter. Finally, Treasurer of the State of North Carolina grew its position 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 worth $29,084,000 after acquiring an additional 2,348 shares during the last quarter. 62.50% of the stock is currently owned by institutional investors and hedge funds.

CRH Price Performance

Shares of CRH stock opened at $103.81 on Wednesday. The firm has a 50 day simple moving average of $106.91 and a 200 day simple moving average of $113.65. Crh Plc has a fifty-two week low of $91.22 and a fifty-two week high of $131.55. The firm has a market cap of $69.36 billion, a P/E ratio of 19.22, a P/E/G ratio of 1.79 and a beta of 1.32.

CRH (NYSE:CRH) last posted 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 firm had revenue of $7.37 billion for the quarter, compared to the consensus estimate of $7.07 billion. CRH had a return on equity of 15.37% and a net margin of 9.65%.The company’s quarterly revenue 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, sell-side analysts expect that Crh Plc will post 5.92 EPS for the current year.

CRH Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 17th. Stockholders of record on Friday, May 15th were paid a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend was Friday, May 15th. CRH’s dividend payout ratio is 28.89%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on CRH. Morgan Stanley reiterated 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 restated an “outperform” rating on shares of CRH in a report on Tuesday, June 23rd. Jefferies Financial Group raised 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. Wells Fargo & Company cut their price target on CRH from $135.00 to $132.00 and set an “overweight” rating for the company in a report on Wednesday, July 8th. Finally, Weiss Ratings downgraded shares of CRH from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, June 18th. Two equities 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. According to data from MarketBeat.com, CRH has an average rating of “Buy” and a consensus 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.