BNP Paribas Financial Markets Acquires 221,107 Shares of Crh Plc $CRH

Key Points

• BNP Paribas Financial Markets increased its stake in CRH by 28.1% in Q3, acquiring 221,107 shares to hold 1,007,042 shares worth about $120.7 million (0.15% of the company).
• CRH missed quarterly expectations, reporting $1.52 EPS versus a $2.20 consensus and $5.42 billion in revenue (below the $11.15 billion estimate); the company set FY2026 guidance of 5.600–6.050 EPS while analysts' average target is $137.86 with a "Moderate Buy" rating.
• Dividend increased: CRH raised its quarterly dividend to $0.39 ($1.56 annualized), a yield of about 1.5%, with an ex-dividend date of March 6.

BNP Paribas Financial Markets grew its holdings in Crh Plc (NYSE:CRH - Free Report) by 28.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,007,042 shares of the construction company's stock after acquiring an additional 221,107 shares during the quarter. BNP Paribas Financial Markets owned 0.15% of CRH worth $120,744,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the business. United Community Bank grew its position in shares of CRH by 359.6% in the 3rd quarter. United Community Bank now owns 239 shares of the construction company's stock valued at $29,000 after purchasing an additional 187 shares during the period. Salomon & Ludwin LLC acquired a new stake in CRH during the 3rd quarter worth approximately $32,000. Cornerstone Planning Group LLC raised its holdings in CRH by 139.3% during the 3rd quarter. Cornerstone Planning Group LLC now owns 268 shares of the construction company's stock worth $31,000 after buying an additional 156 shares during the period. Riggs Asset Managment Co. Inc. lifted its stake in CRH by 1,835.3% in the second quarter. Riggs Asset Managment Co. Inc. now owns 329 shares of the construction company's stock valued at $30,000 after buying an additional 312 shares in the last quarter. Finally, Physician Wealth Advisors Inc. boosted its holdings in shares of CRH by 60.6% in the third quarter. Physician Wealth Advisors Inc. now owns 350 shares of the construction company's stock valued at $42,000 after buying an additional 132 shares during the period. Institutional investors and hedge funds own 62.50% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on CRH. UBS Group raised their price objective on shares of CRH from $138.00 to $147.00 and gave the stock a "buy" rating in a report on Thursday, January 8th. Wells Fargo & Company upped their target price on shares of CRH from $133.00 to $135.00 and gave the stock an "equal weight" rating in a research note on Friday, February 20th. Jefferies Financial Group reiterated a "buy" rating on shares of CRH in a report on Monday, December 1st. JPMorgan Chase & Co. lifted 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. Finally, Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of CRH in a report on Monday, December 8th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, CRH currently has an average rating of "Moderate Buy" and an average target price of $137.86.

CRH Stock Down 2.1%

Shares of CRH stock opened at $104.00 on Thursday. Crh Plc has a 12 month low of $76.75 and a 12 month high of $131.55. The company's fifty day simple moving average is $121.98 and its 200-day simple moving average is $119.05. The firm has a market cap of $69.50 billion, a PE ratio of 18.84, a P/E/G ratio of 1.86 and a beta of 1.33.

CRH (NYSE:CRH - Get Free Report) last released its earnings results on Wednesday, February 18th. The construction company reported $1.52 earnings per share for the quarter, missing analysts' consensus estimates of $2.20 by ($0.68). CRH had a net margin of 10.02% and a return on equity of 15.98%. The business had revenue of $5.42 billion during the quarter, compared to the consensus estimate of $11.15 billion. During the same period last year, the business posted $1.02 EPS. The firm's revenue for the quarter was up 6.2% on a year-over-year basis. CRH has set its FY 2026 guidance at 5.600-6.050 EPS. On average, equities analysts predict that Crh Plc will post 5.47 earnings per share for the current fiscal year.

CRH Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 8th. Stockholders of record on Friday, March 6th will be issued a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 1.5%. The ex-dividend date is Friday, March 6th. This is a positive change from CRH's previous quarterly dividend of $0.37. CRH's dividend payout ratio is 28.26%.

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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