ABN AMRO Bank N.V. Has $158.37 Million Stock Position in Crh Plc $CRH

Key Points

• ABN AMRO Bank N.V. boosted its CRH stake by 76.2% in the fourth quarter, buying 548,283 shares and bringing its total holding to 1,268,209 shares worth about $158.4 million.
• Wall Street sentiment on CRH remains positive overall, with an average “Moderate Buy” rating and a consensus price target of $139.54; several analysts recently raised targets or reiterated bullish views.
• CRH reported better-than-expected quarterly results, including revenue of $7.37 billion and EPS of -$0.20 versus a -$0.22 estimate, and it also declared a quarterly dividend of $0.39 per share.

ABN AMRO Bank N.V. grew its position in Crh Plc (NYSE:CRH - Free Report) by 76.2% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 1,268,209 shares of the construction company's stock after buying an additional 548,283 shares during the period. CRH accounts for approximately 1.5% of ABN AMRO Bank N.V.'s investment portfolio, making the stock its 25th largest holding. ABN AMRO Bank N.V. owned approximately 0.19% of CRH worth $158,367,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. JFS Wealth Advisors LLC lifted its stake in shares of CRH by 12.1% in the 4th quarter. JFS Wealth Advisors LLC now owns 794 shares of the construction company's stock valued at $99,000 after purchasing an additional 86 shares during the period. PDS Planning Inc lifted its stake in shares of CRH by 2.3% in the 4th quarter. PDS Planning Inc now owns 4,000 shares of the construction company's stock valued at $499,000 after purchasing an additional 89 shares during the period. UMB Bank n.a. lifted its stake in shares of CRH by 34.8% in the 3rd quarter. UMB Bank n.a. now owns 356 shares of the construction company's stock valued at $43,000 after purchasing an additional 92 shares during the period. Crossmark Global Holdings Inc. lifted its stake in shares of CRH by 2.4% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 4,126 shares of the construction company's stock valued at $495,000 after purchasing an additional 96 shares during the period. Finally, Harbor Investment Advisory LLC lifted its stake in shares of CRH by 87.6% in the 4th quarter. Harbor Investment Advisory LLC now owns 212 shares of the construction company's stock valued at $26,000 after purchasing an additional 99 shares during the period. 62.50% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Wells Fargo & Company increased their price target on CRH from $133.00 to $135.00 and gave the company an "equal weight" rating in a research note on Friday, February 20th. BNP Paribas Exane raised CRH to a "strong-buy" rating in a research note on Friday, January 23rd. Morgan Stanley reissued an "overweight" rating and issued a $139.00 price target on shares of CRH in a research note on Wednesday, April 15th. DA Davidson set a $120.00 price target on CRH in a research note on Friday, February 20th. Finally, JPMorgan Chase & Co. increased their price target on CRH from $135.00 to $140.00 and gave the company an "overweight" rating in a research note on Tuesday, March 3rd. Two research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and three have given a Hold rating to the company's stock. According to data from MarketBeat.com, CRH has an average rating of "Moderate Buy" and an average target price of $139.54.

CRH Trading Down 0.0%

NYSE:CRH opened at $113.72 on Monday. Crh Plc has a 1 year low of $86.82 and a 1 year high of $131.55. The stock has a market cap of $75.99 billion, a price-to-earnings ratio of 21.06, a PEG ratio of 2.00 and a beta of 1.36. The stock has a 50-day moving average price of $110.54 and a two-hundred day moving average price of $117.76.

CRH (NYSE:CRH - Get Free Report) last posted its earnings results on Thursday, April 30th. The construction company reported ($0.20) earnings per share (EPS) for the quarter, beating 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 firm had revenue of $7.37 billion during the quarter, compared to analysts' expectations of $7.07 billion. The firm's revenue was up 9.1% on a year-over-year basis. CRH has set its FY 2026 guidance at 5.600-6.050 EPS. Sell-side analysts forecast that Crh Plc will post 5.94 earnings per share for the current year.

CRH Dividend Announcement

The company also recently declared 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 of this dividend is Friday, May 15th. This represents a $1.56 annualized dividend and a dividend yield of 1.4%. CRH's dividend payout ratio (DPR) 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.

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