Invesco Ltd. Sells 352,424 Shares of Crh Plc $CRH

Invesco Ltd. decreased its stake in Crh Plc (NYSE:CRH) by 4.5% in the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 7,403,844 shares of the construction company’s stock after selling 352,424 shares during the quarter. Invesco Ltd.’s holdings in CRH were worth $679,673,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of CRH. Creekmur Asset Management LLC bought a new position in CRH during the second quarter valued at $27,000. Park Place Capital Corp lifted its stake in CRH by 59.9% in the second quarter. Park Place Capital Corp now owns 307 shares of the construction company’s stock worth $29,000 after purchasing an additional 115 shares during the last quarter. Cullen Frost Bankers Inc. boosted its position in shares of CRH by 255.0% during the second quarter. Cullen Frost Bankers Inc. now owns 426 shares of the construction company’s stock valued at $39,000 after buying an additional 306 shares during the period. Ransom Advisory Ltd purchased a new position in shares of CRH during the first quarter valued at approximately $47,000. Finally, Richardson Financial Services Inc. grew its stake in shares of CRH by 29.4% during the second quarter. Richardson Financial Services Inc. now owns 678 shares of the construction company’s stock valued at $63,000 after buying an additional 154 shares during the last quarter. 62.50% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on CRH shares. JPMorgan Chase & Co. raised their price target on CRH from $130.00 to $135.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 11th. Truist Financial increased their target price on CRH from $125.00 to $140.00 and gave the stock a “buy” rating in a research note on Thursday, October 2nd. Jefferies Financial Group reissued a “buy” rating on shares of CRH in a research note on Monday. Bank of America started coverage on shares of CRH in a research note on Friday, September 26th. They issued a “buy” rating and a $128.00 price target on the stock. Finally, Morgan Stanley set a $134.00 price objective on shares of CRH in a research report on Thursday, October 9th. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, CRH presently has an average rating of “Moderate Buy” and an average target price of $129.54.

CRH Stock Performance

Shares of CRH stock opened at $121.50 on Thursday. The company has a market capitalization of $81.44 billion, a PE ratio of 24.20, a P/E/G ratio of 1.89 and a beta of 1.35. The company has a 50-day simple moving average of $116.38 and a two-hundred day simple moving average of $106.13. Crh Plc has a one year low of $76.75 and a one year high of $121.99.

CRH (NYSE:CRH) last issued its quarterly earnings data on Wednesday, November 5th. The construction company reported $2.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.94 by $0.27. CRH had a net margin of 9.30% and a return on equity of 16.25%. The firm had revenue of $11.07 billion for the quarter, compared to the consensus estimate of $10.15 billion. During the same quarter in the previous year, the firm earned $1.97 EPS. The company’s quarterly revenue was up 5.3% compared to the same quarter last year. CRH has set its FY 2025 guidance at 5.490-5.720 EPS. On average, equities analysts predict that Crh Plc will post 5.47 earnings per share for the current fiscal year.

CRH Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 17th. Investors of record on Friday, November 21st will be given a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend is Friday, November 21st. CRH’s dividend payout ratio is presently 22.11%.

CRH Company 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.