Engineers Gate Manager LP Raises Holdings in Crh Plc $CRH

Engineers Gate Manager LP boosted its stake in shares of Crh Plc (NYSE:CRH) by 219.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 240,090 shares of the construction company’s stock after buying an additional 164,868 shares during the period. Engineers Gate Manager LP’s holdings in CRH were worth $22,040,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of CRH. Creekmur Asset Management LLC acquired a new stake in CRH in the 2nd quarter worth approximately $27,000. Park Place Capital Corp increased its stake in CRH by 59.9% during the 2nd quarter. Park Place Capital Corp now owns 307 shares of the construction company’s stock valued at $29,000 after purchasing an additional 115 shares in the last quarter. Cullen Frost Bankers Inc. raised its holdings in shares of CRH by 255.0% in the second quarter. Cullen Frost Bankers Inc. now owns 426 shares of the construction company’s stock worth $39,000 after buying an additional 306 shares during the last quarter. Ransom Advisory Ltd acquired a new stake in shares of CRH during the first quarter worth $47,000. Finally, Richardson Financial Services Inc. grew its holdings 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. Institutional investors own 62.50% of the company’s stock.

CRH Trading Down 0.4%

Shares of NYSE:CRH opened at $126.53 on Friday. Crh Plc has a 12-month low of $76.75 and a 12-month high of $127.44. The business has a 50 day moving average of $117.36 and a two-hundred day moving average of $107.45. The company has a market capitalization of $84.81 billion, a PE ratio of 25.21, a PEG ratio of 2.06 and a beta of 1.35.

CRH (NYSE:CRH) last issued its quarterly earnings data on Wednesday, November 5th. The construction company reported $2.21 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 business had revenue of $11.07 billion for the quarter, compared to analysts’ expectations of $10.15 billion. During the same quarter last year, the company earned $1.97 EPS. The business’s revenue was up 5.3% on a year-over-year basis. CRH has set its FY 2025 guidance at 5.490-5.720 EPS. Equities research analysts predict that Crh Plc will post 5.47 earnings per share for the current fiscal year.

CRH Dividend Announcement

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

Analyst Ratings Changes

CRH has been the subject of a number of research analyst reports. UBS Group initiated coverage on CRH in a research note on Tuesday, October 14th. They issued a “buy” rating and a $138.00 target price for the company. Bank of America initiated coverage on CRH in a research note on Friday, September 26th. They issued a “buy” rating and a $128.00 price objective for the company. Truist Financial upped their target price on CRH from $125.00 to $140.00 and gave the company a “buy” rating in a research report on Thursday, October 2nd. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of CRH in a research report on Monday. Finally, Jefferies Financial Group reaffirmed a “buy” rating on shares of CRH in a report on Monday, December 1st. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, CRH currently has a consensus rating of “Moderate Buy” and a consensus target price of $130.64.

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.