Munro Partners Raises Holdings in Crh Plc $CRH

Munro Partners boosted its position in shares of Crh Plc (NYSE:CRH) by 1,995.4% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 935,295 shares of the construction company’s stock after acquiring an additional 890,660 shares during the quarter. CRH comprises 3.0% of Munro Partners’ holdings, making the stock its 11th biggest position. Munro Partners’ holdings in CRH were worth $112,142,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of the company. L2 Asset Management LLC increased its holdings in shares of CRH by 3.0% in 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 position in CRH by 1.1% during the 2nd quarter. Mission Wealth Management LP now owns 9,548 shares of the construction company’s stock worth $877,000 after acquiring an additional 107 shares during the period. Sound View Wealth Advisors Group LLC grew its stake 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 valued at $274,000 after purchasing an additional 107 shares during the last quarter. Park Place Capital Corp grew its position in CRH by 59.9% in the 2nd quarter. Park Place Capital Corp now owns 307 shares of the construction company’s stock valued at $29,000 after buying an additional 115 shares during the last quarter. Finally, LRI Investments LLC boosted its holdings in shares of CRH by 9.2% in the second quarter. LRI Investments LLC now owns 1,669 shares of the construction company’s stock valued at $153,000 after acquiring an additional 140 shares in the last quarter. 62.50% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on CRH. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of CRH in a report on Monday, December 8th. Sanford C. Bernstein raised 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. Royal Bank Of Canada dropped their price objective on CRH from $152.00 to $150.00 and set an “outperform” rating on the stock in a report on Friday, November 7th. Jefferies Financial Group reiterated a “buy” rating on shares of CRH in a research report on Monday, December 1st. Finally, Longbow Research initiated coverage on shares of CRH in a research report on Tuesday, December 16th. They set a “buy” rating and a $160.00 target price on the stock. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $132.60.

CRH Stock Performance

Shares of CRH stock opened at $126.56 on Wednesday. The stock has a fifty day moving average price of $118.54 and a 200 day moving average price of $109.35. The stock has a market cap of $84.83 billion, a PE ratio of 25.21, a P/E/G ratio of 2.05 and a beta of 1.35. Crh Plc has a 1 year low of $76.75 and a 1 year 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 for the quarter, beating the consensus estimate of $1.94 by $0.27. The company had revenue of $11.07 billion for the quarter, compared to analyst estimates of $10.15 billion. CRH had a return on equity of 16.25% and a net margin of 9.30%.CRH’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 earnings per share. CRH has set its FY 2025 guidance at 5.490-5.720 EPS. As a group, equities research analysts predict that Crh Plc will post 5.47 earnings per share for the current year.

CRH Announces Dividend

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

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.