Crh Plc $CRH Shares Purchased by III Capital Management

III Capital Management boosted its holdings in Crh Plc (NYSE:CRH) by 109.3% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 55,534 shares of the construction company’s stock after buying an additional 29,000 shares during the period. CRH makes up about 0.9% of III Capital Management’s investment portfolio, making the stock its 10th largest position. III Capital Management’s holdings in CRH were worth $5,098,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of CRH. Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of CRH by 35.3% in the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 6,653 shares of the construction company’s stock worth $585,000 after buying an additional 1,737 shares during the last quarter. Callan Family Office LLC grew its holdings in CRH by 4.4% during the 1st quarter. Callan Family Office LLC now owns 3,074 shares of the construction company’s stock worth $270,000 after acquiring an additional 129 shares in the last quarter. Prudential PLC grew its holdings in CRH by 62.2% during the 1st quarter. Prudential PLC now owns 27,586 shares of the construction company’s stock worth $2,427,000 after acquiring an additional 10,577 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of CRH by 27.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,335,043 shares of the construction company’s stock worth $205,417,000 after purchasing an additional 504,788 shares during the last quarter. Finally, EverSource Wealth Advisors LLC raised its stake in shares of CRH by 1.7% in the 1st quarter. EverSource Wealth Advisors LLC now owns 116,849 shares of the construction company’s stock valued at $10,279,000 after purchasing an additional 1,899 shares in the last quarter. 62.50% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages recently weighed in on CRH. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of CRH in a report on Monday. Sanford C. Bernstein boosted their price target on CRH from $115.00 to $130.00 and gave the company an “outperform” rating in a report on Thursday, September 11th. Truist Financial upped their price target on CRH from $125.00 to $140.00 and gave the company a “buy” rating in a research report on Thursday, October 2nd. DA Davidson lifted their price objective on shares of CRH from $110.00 to $116.00 and gave the stock a “neutral” rating in a report on Wednesday, November 12th. Finally, Royal Bank Of Canada dropped their target price on shares of CRH from $152.00 to $150.00 and set an “outperform” rating on the stock in a report on Friday, November 7th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $130.64.

CRH Stock Performance

CRH stock opened at $126.53 on Friday. Crh Plc has a 1 year low of $76.75 and a 1 year high of $127.44. The stock has a market capitalization of $84.81 billion, a price-to-earnings ratio of 25.21, a PEG ratio of 2.06 and a beta of 1.35. The stock’s fifty day moving average is $117.36 and its two-hundred day moving average is $107.45.

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

CRH Dividend Announcement

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

About CRH

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.