Crh Plc $CRH Shares Acquired by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in Crh Plc (NYSE:CRH) by 8.3% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 597,764 shares of the construction company’s stock after purchasing an additional 45,768 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.09% of CRH worth $54,875,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in shares of CRH by 62.8% during the 1st quarter. Vanguard Group Inc. now owns 63,755,468 shares of the construction company’s stock worth $5,608,567,000 after buying an additional 24,591,538 shares during the last quarter. Massachusetts Financial Services Co. MA raised its stake in CRH by 43.2% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 10,303,788 shares of the construction company’s stock worth $906,424,000 after acquiring an additional 3,108,416 shares in the last quarter. Bank of New York Mellon Corp lifted its position in CRH by 4.0% in the second quarter. Bank of New York Mellon Corp now owns 9,185,200 shares of the construction company’s stock valued at $843,201,000 after acquiring an additional 354,711 shares during the last quarter. Boston Partners boosted its stake in CRH by 5.9% in the first quarter. Boston Partners now owns 8,822,801 shares of the construction company’s stock valued at $775,349,000 after acquiring an additional 493,796 shares in the last quarter. Finally, Amundi grew its holdings in shares of CRH by 11.8% during the first quarter. Amundi now owns 7,979,264 shares of the construction company’s stock worth $689,009,000 after purchasing an additional 843,806 shares during the last quarter. 62.50% of the stock is currently owned by hedge funds and other institutional investors.

CRH Price Performance

CRH stock opened at $113.01 on Monday. Crh Plc has a 12 month low of $76.75 and a 12 month high of $121.99. The business has a 50 day simple moving average of $115.75 and a 200-day simple moving average of $103.85. The stock has a market capitalization of $76.02 billion, a PE ratio of 23.64, a price-to-earnings-growth ratio of 1.68 and a beta of 1.32.

CRH (NYSE:CRH) last posted its quarterly earnings data on Wednesday, November 5th. The construction company reported $2.21 earnings per share for the quarter, beating analysts’ consensus estimates of $1.94 by $0.27. The firm had revenue of $11.07 billion for the quarter, compared to analyst estimates of $10.15 billion. CRH had a net margin of 9.09% and a return on equity of 15.68%. CRH’s quarterly revenue was up 5.3% on a year-over-year basis. During the same period last year, the firm posted $1.97 EPS. CRH has set its FY 2025 guidance at 5.490-5.720 EPS. As a group, equities research analysts anticipate that Crh Plc will post 5.47 EPS for the current year.

CRH Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 17th. Stockholders of record on Friday, November 21st will be paid a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date is Friday, November 21st. CRH’s payout ratio is 22.11%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on CRH. Royal Bank Of Canada reduced their target price on CRH from $152.00 to $150.00 and set an “outperform” rating for the company in a report on Friday. Sanford C. Bernstein lifted their price target on CRH from $115.00 to $130.00 and gave the stock an “outperform” rating in a research report on Thursday, September 11th. Wells Fargo & Company decreased their price objective on CRH from $135.00 to $133.00 and set an “overweight” rating for the company in a report on Friday. Morgan Stanley set a $134.00 target price on shares of CRH in a research report on Thursday, October 9th. Finally, JPMorgan Chase & Co. initiated coverage on shares of CRH in a report on Friday, October 24th. They issued an “overweight” rating on the stock. Three 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 stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $127.43.

CRH Profile

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.