23,820 Shares in Crh Plc $CRH Bought by Syquant Capital Sas

Syquant Capital Sas bought a new stake in Crh Plc (NYSE:CRH) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 23,820 shares of the construction company’s stock, valued at approximately $2,856,000. CRH comprises approximately 0.8% of Syquant Capital Sas’ holdings, making the stock its 8th biggest holding.

A number of other institutional investors also recently bought and sold shares of the business. Financiere des Professionnels Fonds d investissement inc. acquired a new position in CRH in the second quarter valued at approximately $246,000. Park Avenue Securities LLC acquired a new stake in CRH during the third quarter worth approximately $4,491,000. Ninety One UK Ltd lifted its position in shares of CRH by 13.1% during the 2nd quarter. Ninety One UK Ltd now owns 3,143,490 shares of the construction company’s stock worth $288,572,000 after buying an additional 364,319 shares during the last quarter. StoneX Group Inc. acquired a new position in shares of CRH in the 2nd quarter valued at $1,472,000. Finally, Advanced Portfolio Management LLC purchased a new position in shares of CRH in the 2nd quarter valued at $1,148,000. 62.50% of the stock is owned by hedge funds and other institutional investors.

CRH Stock Performance

Shares of NYSE:CRH opened at $123.08 on Friday. Crh Plc has a one year low of $76.75 and a one year high of $131.55. The stock has a market capitalization of $82.50 billion, a price-to-earnings ratio of 24.52, a PEG ratio of 1.80 and a beta of 1.34. The company has a 50-day simple moving average of $121.71 and a 200-day simple moving average of $113.58.

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

CRH Dividend Announcement

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

Analyst Ratings Changes

CRH has been the topic of several research analyst reports. Morgan Stanley lifted their price target on shares of CRH from $131.00 to $140.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 10th. Weiss Ratings reiterated a “buy (b-)” rating on shares of CRH in a research report on Monday, December 22nd. Royal Bank Of Canada reduced their target price on CRH from $152.00 to $150.00 and set an “outperform” rating for the company in a report on Friday, November 7th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of CRH in a research report on Monday, December 8th. Finally, Wells Fargo & Company reaffirmed an “equal weight” rating and set a $138.00 price target (up previously from $133.00) on shares of CRH in a research report on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, CRH has an average rating of “Moderate Buy” and a consensus price target of $136.20.

CRH 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.