Sumitomo Mitsui DS Asset Management Company Ltd Purchases 19,023 Shares of Crh Plc $CRH

Key Points

• Sumitomo Mitsui DS Asset Management increased its stake in CRH by 25.4%, buying 19,023 shares to hold 93,885 shares valued at about $11.72 million after the fourth quarter.
• CRH beat quarterly expectations with EPS of ($0.20) vs. ($0.22) est. and revenue of $7.37 billion vs. $7.07 billion, and set FY2026 guidance of 5.600–6.050 EPS (analysts expect ~5.94).
• CRH declared a quarterly dividend of $0.39 (annualized $1.56) with an ex-dividend/record date of May 15 and a payment date of June 17; the stock carries a consensus "Moderate Buy" rating and a $139.54 average price target.

Sumitomo Mitsui DS Asset Management Company Ltd increased its position in shares of Crh Plc (NYSE:CRH - Free Report) by 25.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 93,885 shares of the construction company's stock after buying an additional 19,023 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd's holdings in CRH were worth $11,717,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Board of the Pension Protection Fund bought a new position in shares of CRH in the 4th quarter valued at about $25,000. Harbor Investment Advisory LLC raised its holdings 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. Flagship Harbor Advisors LLC acquired a new stake in CRH in the 4th quarter valued at about $26,000. United Community Bank lifted its stake in 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 last quarter. Finally, Riggs Asset Managment Co. Inc. grew its holdings in CRH by 1,835.3% during the second quarter. Riggs Asset Managment Co. Inc. now owns 329 shares of the construction company's stock worth $30,000 after purchasing an additional 312 shares during the period. 62.50% of the stock is owned by institutional investors.

CRH Stock Up 2.2%

CRH stock opened at $114.98 on Thursday. The company's 50-day moving average price is $110.74 and its two-hundred day moving average price is $117.80. The stock has a market cap of $76.84 billion, a P/E ratio of 21.29, a P/E/G ratio of 1.97 and a beta of 1.36. Crh Plc has a twelve month low of $86.82 and a twelve month high of $131.55.

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

CRH Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 17th. Investors of record on Friday, May 15th will be paid a $0.39 dividend. The ex-dividend date is Friday, May 15th. This represents a $1.56 annualized dividend and a yield of 1.4%. CRH's payout ratio is 28.89%.

Analyst Ratings Changes

A number of equities analysts have weighed in on CRH shares. UBS Group boosted their price target on CRH from $138.00 to $147.00 and gave the stock a "buy" rating in a research report on Thursday, January 8th. Morgan Stanley reiterated an "overweight" rating and set a $139.00 target price on shares of CRH in a research note on Wednesday, April 15th. JPMorgan Chase & Co. boosted their target price on CRH from $135.00 to $140.00 and gave the stock an "overweight" rating in a report on Tuesday, March 3rd. DA Davidson set a $120.00 price target on CRH in a research note on Friday, February 20th. Finally, Citigroup raised their price target on CRH from $142.00 to $155.00 and gave the company a "buy" rating in a report on Thursday, January 8th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $139.54.

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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