Whalen Wealth Management Inc. Reduces Stock Holdings in Crh Plc $CRH

Whalen Wealth Management Inc. decreased its position in shares of Crh Plc (NYSE:CRH) by 85.5% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,577 shares of the construction company’s stock after selling 15,206 shares during the quarter. Whalen Wealth Management Inc.’s holdings in CRH were worth $309,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of CRH. L2 Asset Management LLC grew its position in shares of 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 acquiring an additional 89 shares during the period. Mission Wealth Management LP lifted its holdings in CRH by 1.1% during the second quarter. Mission Wealth Management LP now owns 9,548 shares of the construction company’s stock valued at $877,000 after purchasing an additional 107 shares in the last quarter. Sound View Wealth Advisors Group LLC grew its position in shares of CRH by 3.7% in the second quarter. Sound View Wealth Advisors Group LLC now owns 2,982 shares of the construction company’s stock valued at $274,000 after purchasing an additional 107 shares during the period. Park Place Capital Corp grew its position in shares of CRH by 59.9% in the second 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 during the period. Finally, LRI Investments LLC increased its stake in shares of CRH by 9.2% during the second quarter. LRI Investments LLC now owns 1,669 shares of the construction company’s stock worth $153,000 after purchasing an additional 140 shares in the last quarter. 62.50% of the stock is owned by hedge funds and other institutional investors.

CRH Stock Performance

NYSE:CRH opened at $125.12 on Friday. The company has a 50-day moving average of $118.24 and a 200-day moving average of $108.63. The company has a market capitalization of $83.86 billion, a price-to-earnings ratio of 24.92, a PEG ratio of 2.06 and a beta of 1.35. Crh Plc has a 52 week low of $76.75 and a 52 week high of $128.95.

CRH (NYSE:CRH) last posted its 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 during the quarter, compared to analysts’ expectations of $10.15 billion. During the same period in the prior year, the business earned $1.97 EPS. CRH’s revenue for the quarter was up 5.3% compared to the same quarter last year. CRH has set its FY 2025 guidance at 5.490-5.720 EPS. Sell-side analysts forecast that Crh Plc will post 5.47 EPS for the current year.

CRH Announces Dividend

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

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on CRH. Sanford C. Bernstein lifted their price objective on CRH from $115.00 to $130.00 and gave the company an “outperform” rating in a report on Thursday, September 11th. UBS Group started coverage on CRH in a research note on Tuesday, October 14th. They set a “buy” rating and a $138.00 price target for the company. Royal Bank Of Canada decreased their price objective on shares of CRH from $152.00 to $150.00 and set an “outperform” rating for the company in a research note on Friday, November 7th. Bank of America assumed coverage on CRH in a research report on Friday, September 26th. They issued a “buy” rating and a $128.00 target price for the company. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of CRH in a research report on Monday, December 8th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $132.60.

CRH Company Profile

CRH plc, originally formed as Cement Roadstone Holdings in 1970 and headquartered in Dublin, Ireland, is a global building materials group. The company has grown from its Irish roots into one of the largest international suppliers of construction materials, expanding primarily through acquisitions and regional business development. CRH operates an integrated network of manufacturing and distribution businesses that serve both public and private construction markets.

CRH’s core activities include the production and distribution of aggregates, cement, asphalt, ready-mixed concrete and other bulk materials, together with a broad range of value-added building products such as precast concrete, masonry, bricks, roofing products, pipe and drainage systems, and construction accessories.