M&T Bank Corp decreased its holdings in shares of Crh Plc (NYSE:CRH - Free Report) by 11.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 41,631 shares of the construction company's stock after selling 5,140 shares during the quarter. M&T Bank Corp's holdings in CRH were worth $3,662,000 at the end of the most recent quarter.
Other hedge funds also recently added to or reduced their stakes in the company. Headlands Technologies LLC raised its position in shares of CRH by 142,350.0% during the fourth quarter. Headlands Technologies LLC now owns 17,094 shares of the construction company's stock worth $1,582,000 after purchasing an additional 17,082 shares during the period. Bornite Capital Management LP bought a new stake in CRH during the fourth quarter valued at about $13,878,000. FMR LLC grew its stake in shares of CRH by 13.0% in the fourth quarter. FMR LLC now owns 40,843,362 shares of the construction company's stock worth $3,781,004,000 after acquiring an additional 4,687,345 shares during the last quarter. GAMMA Investing LLC raised its holdings in CRH by 27.4% in the 1st quarter. GAMMA Investing LLC now owns 1,919 shares of the construction company's stock valued at $169,000 after acquiring an additional 413 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new position in shares of CRH in the 4th quarter valued at $41,407,000. 62.50% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of research firms have commented on CRH. DA Davidson reissued a "neutral" rating and issued a $105.00 price objective (down previously from $120.00) on shares of CRH in a research note on Thursday. Morgan Stanley reissued an "overweight" rating on shares of CRH in a research report on Wednesday, May 7th. The Goldman Sachs Group reissued a "neutral" rating on shares of CRH in a report on Tuesday, May 6th. Sanford C. Bernstein assumed coverage on CRH in a research report on Tuesday, May 13th. They set an "outperform" rating and a $115.00 price target on the stock. Finally, Loop Capital assumed coverage on shares of CRH in a research report on Wednesday, April 9th. They issued a "buy" rating and a $114.00 price objective on the stock. Two analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, CRH presently has a consensus rating of "Moderate Buy" and a consensus target price of $112.82.
Check Out Our Latest Report on CRH
CRH Trading Down 0.5%
Shares of NYSE CRH opened at $95.98 on Friday. The stock has a fifty day simple moving average of $93.46 and a two-hundred day simple moving average of $94.52. Crh Plc has a 1-year low of $74.03 and a 1-year high of $110.97. The firm has a market cap of $64.85 billion, a price-to-earnings ratio of 20.33, a price-to-earnings-growth ratio of 1.50 and a beta of 1.26.
CRH (NYSE:CRH - Get Free Report) last announced its quarterly earnings results on Monday, May 5th. The construction company reported ($0.12) EPS for the quarter, missing the consensus estimate of ($0.06) by ($0.06). CRH had a net margin of 9.17% and a return on equity of 15.88%. The firm had revenue of $6.76 billion during the quarter, compared to the consensus estimate of $6.77 billion. Analysts forecast that Crh Plc will post 5.47 EPS for the current year.
CRH Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 25th. Investors of record on Friday, May 23rd were given a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 1.54%. The ex-dividend date was Friday, May 23rd. CRH's dividend payout ratio (DPR) is 23.52%.
CRH Profile
(
Free Report)
CRH plc, together with its subsidiaries, provides building materials solutions in Ireland and internationally. It operates through four segments: Americas Materials Solutions, Americas Building Solutions, Europe Materials Solutions, and Europe Building Solutions. The company provides solutions for the construction and maintenance of public infrastructure and commercial and residential buildings; and produces and sells aggregates, cement, readymixed concrete, and asphalt, as well as provides paving and construction services.
See Also
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 and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider CRH, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and CRH wasn't on the list.
While CRH currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of ten stocks that are set to soar in Summer 2025, despite the threat of tariffs and other economic uncertainty. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
