Crh Plc $CRH Shares Sold by M&T Bank Corp

M&T Bank Corp decreased its stake in shares of Crh Plc (NYSE:CRH – Free Report) by 66.6% during the 4th quarter, Holdings Channel reports. The institutional investor owned 8,778 shares of the construction company’s stock after selling 17,521 shares during the period. M&T Bank Corp’s holdings in CRH were worth $1,095,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Principal Financial Group Inc. grew its position in shares of CRH by 24.7% during the 3rd quarter. Principal Financial Group Inc. now owns 2,269,271 shares of the construction company’s stock valued at $272,086,000 after acquiring an additional 448,860 shares during the period. Park Avenue Securities LLC bought a new position in shares of CRH during the 3rd quarter valued at approximately $4,491,000. Exane Asset Management grew its position in shares of CRH by 21.2% during the 3rd quarter. Exane Asset Management now owns 663,774 shares of the construction company’s stock valued at $80,735,000 after acquiring an additional 116,178 shares during the period. Cibc World Market Inc. grew its position in shares of CRH by 36.2% during the 3rd quarter. Cibc World Market Inc. now owns 56,390 shares of the construction company’s stock valued at $6,761,000 after acquiring an additional 14,985 shares during the period. Finally, Dynasty Wealth Management LLC grew its position in shares of CRH by 77.5% during the 3rd quarter. Dynasty Wealth Management LLC now owns 34,077 shares of the construction company’s stock valued at $4,086,000 after acquiring an additional 14,877 shares during the period. Institutional investors and hedge funds own 62.50% of the company’s stock.

CRH Trading Up 4.4%

Shares of CRH stock opened at $118.46 on Friday. The stock has a market capitalization of $79.16 billion, a P/E ratio of 21.46, a PEG ratio of 1.99 and a beta of 1.35. The firm’s 50 day moving average is $111.10 and its 200 day moving average is $117.87. Crh Plc has a 12 month low of $86.82 and a 12 month high of $131.55.

CRH (NYSE:CRH – Get Free Report) last announced its quarterly earnings results on Thursday, April 30th. The construction company reported ($0.20) EPS for the quarter, beating analysts’ consensus estimates 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 net margin of 10.02% and a return on equity of 15.98%. The firm’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. On average, equities analysts predict that Crh Plc will post 5.95 EPS for the current year.

CRH Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 17th. Shareholders of record on Friday, May 15th will be paid a $0.39 dividend. The ex-dividend date is Friday, May 15th. This represents a $1.56 annualized dividend and a yield of 1.3%. CRH’s dividend payout ratio is currently 28.26%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on CRH. Morgan Stanley reissued an “overweight” rating and set a $139.00 target price on shares of CRH in a research report on Wednesday, April 15th. BNP Paribas Exane upgraded shares of CRH to a “strong-buy” rating in a research note on Friday, January 23rd. Citigroup upped their price target on shares of CRH from $142.00 to $155.00 and gave the company a “buy” rating in a research note on Thursday, January 8th. JPMorgan Chase & Co. upped their price target on shares of CRH from $135.00 to $140.00 and gave the company an “overweight” rating in a research note on Tuesday, March 3rd. Finally, DA Davidson set a $120.00 price target on shares of CRH in a research note on Friday, February 20th. Two analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $139.54.

Read Our Latest Stock Report on CRH

CRH Profile

(Free Report)

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.

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