Lazard Asset Management LLC Decreases Stock Holdings in Crh Plc $CRH

Lazard Asset Management LLC lowered its stake in Crh Plc (NYSE:CRH) by 3.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,062,396 shares of the construction company’s stock after selling 115,892 shares during the period. Lazard Asset Management LLC owned approximately 0.45% of CRH worth $281,127,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in CRH. L2 Asset Management LLC raised its holdings in CRH by 3.0% during the 2nd quarter. L2 Asset Management LLC now owns 3,028 shares of the construction company’s stock valued at $278,000 after buying an additional 89 shares during the period. Mission Wealth Management LP raised its stake in shares of CRH by 1.1% in the second quarter. Mission Wealth Management LP now owns 9,548 shares of the construction company’s stock valued at $877,000 after acquiring an additional 107 shares during the period. Sound View Wealth Advisors Group LLC lifted its holdings in shares of CRH by 3.7% in the 2nd quarter. Sound View Wealth Advisors Group LLC now owns 2,982 shares of the construction company’s stock worth $274,000 after acquiring an additional 107 shares during the last quarter. Park Place Capital Corp lifted its holdings in shares of CRH by 59.9% in the 2nd quarter. Park Place Capital Corp now owns 307 shares of the construction company’s stock worth $29,000 after acquiring an additional 115 shares during the last quarter. Finally, Callan Family Office LLC boosted its stake in shares of 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 purchasing an additional 129 shares during the period. 62.50% of the stock is owned by institutional investors.

CRH Stock Performance

NYSE CRH opened at $126.53 on Friday. Crh Plc has a one year low of $76.75 and a one year high of $127.44. The company has a market capitalization of $84.81 billion, a price-to-earnings ratio of 25.21, a price-to-earnings-growth ratio of 2.06 and a beta of 1.35. The company’s 50-day simple moving average is $117.36 and its two-hundred day simple moving average is $107.45.

CRH (NYSE:CRH) last announced its quarterly earnings results on Wednesday, November 5th. The construction company reported $2.21 earnings per share for the quarter, topping the consensus estimate of $1.94 by $0.27. The firm had revenue of $11.07 billion during 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 was up 5.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.97 EPS. CRH has set its FY 2025 guidance at 5.490-5.720 EPS. Equities analysts expect that Crh Plc will post 5.47 earnings per share for the current fiscal year.

CRH Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 17th. Investors 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 1.2%. The ex-dividend date is Friday, November 21st. CRH’s dividend payout ratio is 22.11%.

Wall Street Analysts Forecast Growth

CRH has been the subject of several recent analyst reports. Royal Bank Of Canada dropped their target price on CRH from $152.00 to $150.00 and set an “outperform” rating for the company in a research report on Friday, November 7th. Jefferies Financial Group restated a “buy” rating on shares of CRH in a report on Monday, December 1st. Barclays upped their price objective on CRH from $110.00 to $131.00 and gave the company an “overweight” rating in a research report on Monday, October 20th. DA Davidson lifted their target price on CRH from $110.00 to $116.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 12th. Finally, Bank of America began coverage on shares of CRH in a report on Friday, September 26th. They issued a “buy” rating and a $128.00 price target on the stock. One 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. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $130.64.

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.