Varma Mutual Pension Insurance Co Sells 6,900 Shares of Crh Plc $CRH

Varma Mutual Pension Insurance Co reduced its position in Crh Plc (NYSE:CRH) by 5.9% in the 4th quarter, HoldingsChannel.com reports. The fund owned 110,900 shares of the construction company’s stock after selling 6,900 shares during the period. Varma Mutual Pension Insurance Co’s holdings in CRH were worth $13,840,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. JFS Wealth Advisors LLC raised its holdings in CRH by 12.1% in the fourth quarter. JFS Wealth Advisors LLC now owns 794 shares of the construction company’s stock worth $99,000 after purchasing an additional 86 shares in the last quarter. PDS Planning Inc raised its holdings in CRH by 2.3% in the fourth quarter. PDS Planning Inc now owns 4,000 shares of the construction company’s stock worth $499,000 after purchasing an additional 89 shares in the last quarter. UMB Bank n.a. raised its holdings in CRH by 34.8% in the third quarter. UMB Bank n.a. now owns 356 shares of the construction company’s stock worth $43,000 after purchasing an additional 92 shares in the last quarter. Crossmark Global Holdings Inc. raised its holdings in CRH by 2.4% in the third quarter. Crossmark Global Holdings Inc. now owns 4,126 shares of the construction company’s stock worth $495,000 after purchasing an additional 96 shares in the last quarter. Finally, Harbor Investment Advisory LLC raised its holdings in CRH by 87.6% in the fourth quarter. Harbor Investment Advisory LLC now owns 212 shares of the construction company’s stock worth $26,000 after purchasing an additional 99 shares in the last quarter. 62.50% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

CRH has been the subject of a number of recent research reports. Morgan Stanley reiterated an “overweight” rating and issued a $139.00 target price on shares of CRH in a report on Wednesday, April 15th. DA Davidson set a $120.00 target price on shares of CRH in a report on Friday, February 20th. JPMorgan Chase & Co. boosted their price target on CRH from $135.00 to $140.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 3rd. Wells Fargo & Company boosted their price target on CRH from $133.00 to $135.00 and gave the stock an “equal weight” rating in a research note on Friday, February 20th. Finally, BNP Paribas Exane upgraded CRH to a “strong-buy” rating in a research note on Friday, January 23rd. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, CRH presently has an average rating of “Moderate Buy” and a consensus target price of $139.54.

CRH Stock Performance

Shares of CRH stock opened at $110.86 on Tuesday. Crh Plc has a fifty-two week low of $86.82 and a fifty-two week high of $131.55. The firm has a market capitalization of $74.08 billion, a price-to-earnings ratio of 20.53, a PEG ratio of 2.05 and a beta of 1.36. The stock’s 50-day simple moving average is $111.10 and its 200-day simple moving average is $117.85.

CRH (NYSE:CRH) last issued its quarterly earnings results on Thursday, April 30th. The construction company reported ($0.20) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.22) by $0.02. CRH had a return on equity of 15.37% and a net margin of 9.65%.The business had revenue of $7.37 billion for the quarter, compared to analyst estimates of $7.07 billion. The business’s revenue was up 9.1% compared to the same quarter last year. CRH has set its FY 2026 guidance at 5.600-6.050 EPS. As a group, equities analysts forecast that Crh Plc will post 5.88 earnings per share for the current year.

CRH Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 17th. Investors of record on Friday, May 15th will be given a $0.39 dividend. The ex-dividend date is Friday, May 15th. This represents a $1.56 dividend on an annualized basis and a yield of 1.4%. CRH’s dividend payout ratio is currently 28.89%.

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.