Bank of New York Mellon Corp Has $874.59 Million Stock Holdings in Crh Plc $CRH

by · The Markets Daily

Bank of New York Mellon Corp decreased its position in shares of Crh Plc (NYSE:CRH – Free Report) by 2.0% during the 1st quarter, Holdings Channel reports. The institutional investor owned 8,319,942 shares of the construction company’s stock after selling 171,068 shares during the quarter. Bank of New York Mellon Corp’s holdings in CRH were worth $874,592,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Board of the Pension Protection Fund bought a new position in shares of CRH during the fourth quarter worth approximately $25,000. Harbor Investment Advisory LLC lifted its position in shares of CRH by 87.6% during the 4th quarter. Harbor Investment Advisory LLC now owns 212 shares of the construction company’s stock valued at $26,000 after acquiring an additional 99 shares during the period. Flagship Harbor Advisors LLC bought a new stake in shares of CRH during the 4th quarter valued at $26,000. Riggs Asset Managment Co. Inc. grew its holdings in shares of CRH by 1,835.3% during the 2nd 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 in the last quarter. Finally, Bell Investment Advisors Inc increased its position in shares of CRH by 51.2% in the first quarter. Bell Investment Advisors Inc now owns 304 shares of the construction company’s stock worth $32,000 after purchasing an additional 103 shares during the period. Institutional investors and hedge funds own 62.50% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently commented on CRH. 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. Weiss Ratings downgraded shares of CRH from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, June 18th. Sanford C. Bernstein reissued an “outperform” rating on shares of CRH in a report on Tuesday, June 23rd. Jefferies Financial Group boosted their target price on shares of CRH from $149.00 to $165.60 and gave the company a “buy” rating in a research report on Friday, June 26th. Finally, Wells Fargo & Company cut their price target on shares of CRH from $135.00 to $132.00 and set an “overweight” rating for the company in a report on Wednesday, July 8th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, CRH has an average rating of “Buy” and a consensus price target of $141.19.

View Our Latest Research Report on CRH

CRH Trading Up 0.2%

Shares of CRH stock opened at $104.10 on Thursday. The firm’s 50 day moving average is $106.69 and its 200 day moving average is $113.49. The firm has a market capitalization of $69.56 billion, a PE ratio of 19.28, a price-to-earnings-growth ratio of 1.81 and a beta of 1.32. Crh Plc has a 1 year low of $91.22 and a 1 year 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) EPS for the quarter, beating the consensus estimate of ($0.22) by $0.02. CRH had a net margin of 9.65% and a return on equity of 15.37%. The business had revenue of $7.37 billion during the quarter, compared to the consensus estimate of $7.07 billion. The company’s revenue 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 earnings per share for the current year.

CRH Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 17th. Stockholders of record on Friday, May 15th were paid a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date was Friday, May 15th. CRH’s dividend payout ratio is presently 28.89%.

About CRH

(Free Report)

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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