Crh Plc $CRH Shares Acquired by Hsbc Holdings PLC

Key Points

• HSBC Holdings PLC increased its CRH stake by 25.8% in the fourth quarter, buying 55,692 additional shares and bringing its total holdings to 271,238 shares worth about $34 million.
• Institutional ownership remains high in CRH, with hedge funds and other institutional investors holding about 62.5% of the stock, and several firms also boosted their positions recently.
• CRH’s acquisition of Arcosa is the major story around the stock, with analysts seeing it as potentially transformative for growth, while investors remain focused on the deal’s high price, financing, and integration risks.

Hsbc Holdings PLC lifted its stake in Crh Plc (NYSE:CRH - Free Report) by 25.8% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 271,238 shares of the construction company's stock after buying an additional 55,692 shares during the quarter. Hsbc Holdings PLC's holdings in CRH were worth $33,996,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of CRH by 680.6% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 119,237 shares of the construction company's stock worth $14,881,000 after acquiring an additional 103,962 shares in the last quarter. BNP Paribas Financial Markets increased its stake in shares of CRH by 28.1% in the 3rd quarter. BNP Paribas Financial Markets now owns 1,007,042 shares of the construction company's stock valued at $120,744,000 after purchasing an additional 221,107 shares in the last quarter. TD Asset Management Inc raised its holdings in CRH by 41.0% in the 3rd quarter. TD Asset Management Inc now owns 2,758,784 shares of the construction company's stock worth $330,778,000 after purchasing an additional 802,156 shares during the period. Pacific Capital Partners Ltd raised its holdings in CRH by 47.1% in the 4th quarter. Pacific Capital Partners Ltd now owns 43,750 shares of the construction company's stock worth $5,460,000 after purchasing an additional 14,000 shares during the period. Finally, Lansdowne Partners UK LLP boosted its position in CRH by 23.4% during the third quarter. Lansdowne Partners UK LLP now owns 648,129 shares of the construction company's stock worth $77,711,000 after purchasing an additional 122,915 shares in the last quarter. 62.50% of the stock is currently owned by hedge funds and other institutional investors.

More CRH News

Here are the key news stories impacting CRH this week:

• Positive Sentiment: The Arcosa deal could strengthen CRH’s position in U.S. infrastructure, broaden its aggregates and critical infrastructure products exposure, and create cost synergies over time. CRH to Acquire Arcosa; Leading U.S. Provider of Aggregates and Critical Infrastructure Products for $8.5B
• Positive Sentiment: The deal gives CRH a larger platform in energy transmission and infrastructure markets, which could support long-term revenue growth if integration goes well. CRH acquires Arcosa in $8.5 billion all-cash deal
• Positive Sentiment: Analysts are highlighting the acquisition as potentially transformative for CRH’s growth profile, especially if infrastructure spending remains strong. Is CRH's $8.5 Billion Arcosa Acquisition a Game Changer?
• Neutral Sentiment: CRH also added a former CF Industries CEO to its board, which may improve governance and strategic oversight, but is not likely to drive immediate results. CRH Adds Former CF Industries CEO to Its Board; Why Investors Are Paying Attention
• Negative Sentiment: Market skepticism centers on the high purchase price, integration challenges, and the possibility that the all-cash deal could pressure CRH’s financial flexibility in the near term. CRH to Acquire Arcosa for $8.5 Billion Amid Market Skepticism
• Negative Sentiment: Coverage around the transaction emphasizes that investors are still digesting the scale of the acquisition and waiting for clarity on financing, synergies, and regulatory approvals. Building-Materials Supplier CRH to Buy Rival Arcosa for $8.5 Billion

Wall Street Analysts Forecast Growth

CRH has been the subject of a number of recent analyst reports. Sanford C. Bernstein restated an "outperform" rating on shares of CRH in a research report on Tuesday. JPMorgan Chase & Co. increased their target price on CRH from $135.00 to $140.00 and gave the company an "overweight" rating in a research report on Tuesday, March 3rd. 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. Finally, Weiss Ratings lowered shares of CRH from a "hold (c+)" rating to a "hold (c)" rating in a report on Thursday, June 18th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $139.54.

CRH Price Performance

Shares of CRH stock opened at $110.34 on Wednesday. The business has a 50 day simple moving average of $109.71 and a two-hundred day simple moving average of $115.59. Crh Plc has a 12 month low of $86.97 and a 12 month high of $131.55. The stock has a market capitalization of $73.73 billion, a P/E ratio of 20.43, a PEG ratio of 1.94 and a beta of 1.31.

CRH (NYSE:CRH - Get Free Report) last released its earnings results on Thursday, April 30th. The construction company reported ($0.20) earnings per share for the quarter, beating the consensus estimate of ($0.22) by $0.02. The business had revenue of $7.37 billion for the quarter, compared to the consensus estimate of $7.07 billion. CRH had a return on equity of 15.37% and a net margin of 9.65%.The company's revenue for the quarter was up 9.1% on a year-over-year basis. CRH has set its FY 2026 guidance at 5.600-6.050 EPS. As a group, research analysts anticipate that Crh Plc will post 5.92 EPS for the current fiscal year.

CRH Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 17th. Shareholders of record on Friday, May 15th were issued a $0.39 dividend. The ex-dividend date was Friday, May 15th. This represents a $1.56 dividend on an annualized basis and a yield of 1.4%. CRH's dividend payout ratio (DPR) is presently 28.89%.

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.

Want to see what other hedge funds are holding CRH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Crh Plc (NYSE:CRH - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.