Tema Etfs LLC Acquires Shares of 61,346 Crh Plc $CRH

Tema Etfs LLC bought a new position in shares of Crh Plc (NYSE:CRH) in the 2nd quarter, HoldingsChannel.com reports. The institutional investor bought 61,346 shares of the construction company’s stock, valued at approximately $5,632,000. CRH accounts for about 1.5% of Tema Etfs LLC’s investment portfolio, making the stock its 14th biggest holding.

Other large investors have also recently made changes to their positions in the company. Financiere des Professionnels Fonds d investissement inc. bought a new stake in shares of CRH in the second quarter valued at about $246,000. Ninety One UK Ltd increased its position in CRH by 13.1% during the 2nd quarter. Ninety One UK Ltd now owns 3,143,490 shares of the construction company’s stock valued at $288,572,000 after purchasing an additional 364,319 shares during the period. Hsbc Holdings PLC increased its position in CRH by 100.2% during the 1st quarter. Hsbc Holdings PLC now owns 452,776 shares of the construction company’s stock valued at $39,318,000 after purchasing an additional 226,602 shares during the period. National Pension Service raised its holdings in shares of CRH by 8.6% in the 1st quarter. National Pension Service now owns 2,154,053 shares of the construction company’s stock valued at $189,492,000 after purchasing an additional 170,702 shares in the last quarter. Finally, Summit Securities Group LLC purchased a new stake in shares of CRH in the 1st quarter worth approximately $249,000. 62.50% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

CRH has been the topic of a number of recent research reports. Sanford C. Bernstein increased their price objective on shares of CRH from $115.00 to $130.00 and gave the company an “outperform” rating in a research note on Thursday, September 11th. UBS Group assumed coverage on CRH in a report on Tuesday, October 14th. They set a “buy” rating and a $138.00 target price for the company. JPMorgan Chase & Co. upped their target price on CRH from $130.00 to $135.00 and gave the stock an “overweight” rating in a report on Tuesday, November 11th. Truist Financial lifted their price target on CRH from $125.00 to $140.00 and gave the company a “buy” rating in a report on Thursday, October 2nd. Finally, DA Davidson boosted their price target on CRH from $110.00 to $116.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 12th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $129.54.

CRH Stock Down 0.3%

Shares of CRH opened at $121.05 on Friday. The company has a market cap of $81.14 billion, a price-to-earnings ratio of 24.11, a price-to-earnings-growth ratio of 1.91 and a beta of 1.35. Crh Plc has a twelve month low of $76.75 and a twelve month high of $121.99. The company has a 50 day moving average of $116.56 and a two-hundred day moving average of $106.24.

CRH (NYSE:CRH) last issued its quarterly earnings results 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 return on equity of 16.25% and a net margin of 9.30%.The business had revenue of $11.07 billion for the quarter, compared to the consensus estimate of $10.15 billion. During the same period in the prior year, the firm posted $1.97 earnings per share. The business’s quarterly revenue was up 5.3% on a year-over-year basis. CRH has set its FY 2025 guidance at 5.490-5.720 EPS. On average, sell-side analysts expect that Crh Plc will post 5.47 EPS for the current year.

CRH Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 17th. Shareholders of record on Friday, November 21st will be paid a $0.37 dividend. The ex-dividend date is Friday, November 21st. This represents a $1.48 dividend on an annualized basis and a yield of 1.2%. CRH’s dividend payout ratio (DPR) is 22.11%.

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.