Boston Common Asset Management LLC Decreases Holdings in Crh Plc $CRH

Key Points

• Boston Common Asset Management cut its CRH stake by 20.9% in Q1, selling 45,042 shares and leaving it with 170,491 shares valued at about $17.9 million.
• CRH reported better-than-expected quarterly results, with EPS of -$0.20 versus an expected -$0.22 and revenue of $7.37 billion, up 9.1% year over year.
• Analyst sentiment remains positive overall: CRH has a consensus Buy rating and an average price target of $141.19, though a few firms recently adjusted targets or ratings.

Boston Common Asset Management LLC decreased its position in Crh Plc (NYSE:CRH - Free Report) by 20.9% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 170,491 shares of the construction company's stock after selling 45,042 shares during the quarter. CRH accounts for 1.2% of Boston Common Asset Management LLC's portfolio, making the stock its 20th largest position. Boston Common Asset Management LLC's holdings in CRH were worth $17,922,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of CRH. Flagship Harbor Advisors LLC bought a new stake in shares of CRH in the 4th quarter worth approximately $26,000. Harbor Investment Advisory LLC raised its position in CRH by 87.6% in the 4th quarter. Harbor Investment Advisory LLC now owns 212 shares of the construction company's stock worth $26,000 after purchasing an additional 99 shares during the period. Kemnay Advisory Services Inc. purchased a new position in CRH in the 4th quarter worth $33,000. Meeder Asset Management Inc. lifted its stake in CRH by 29,400.0% in the fourth quarter. Meeder Asset Management Inc. now owns 295 shares of the construction company's stock worth $37,000 after purchasing an additional 294 shares during the last quarter. Finally, Elyxium Wealth LLC purchased a new stake in CRH during the fourth quarter valued at about $37,000. 62.50% of the stock is currently owned by institutional investors.

CRH Stock Performance

CRH opened at $102.96 on Monday. Crh Plc has a 52-week low of $92.66 and a 52-week high of $131.55. The stock has a market capitalization of $68.80 billion, a PE ratio of 19.07, a price-to-earnings-growth ratio of 1.78 and a beta of 1.32. The stock's 50 day moving average price is $106.33 and its 200-day moving average price is $113.15.

CRH (NYSE:CRH - Get Free Report) last announced its earnings results 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. 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 analyst estimates of $7.07 billion. The company's quarterly 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. Research analysts forecast that Crh Plc will post 5.96 EPS for the current fiscal year.

CRH Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 17th. Shareholders of record on Friday, May 15th were paid a dividend of $0.39 per share. The ex-dividend date was Friday, May 15th. This represents a $1.56 dividend on an annualized basis and a yield of 1.5%. CRH's payout ratio is currently 28.89%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. Jefferies Financial Group raised their price objective on CRH from $149.00 to $165.60 and gave the company a "buy" rating in a research note on Friday, June 26th. Sanford C. Bernstein restated an "outperform" rating on shares of CRH in a report on Tuesday, June 23rd. Wells Fargo & Company reduced their price target on CRH from $135.00 to $132.00 and set an "overweight" rating on the stock in a research report on Wednesday, July 8th. Morgan Stanley reaffirmed an "overweight" rating and issued a $139.00 price target on shares of CRH in a research note on Wednesday, April 15th. Finally, Weiss Ratings downgraded CRH from a "hold (c+)" rating to a "hold (c)" rating in a research report on Thursday, June 18th. Two analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of "Buy" and a consensus target price of $141.19.

CRH 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.

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