Evergreen Capital Management LLC Sells 10,709 Shares of Crh Plc $CRH

Evergreen Capital Management LLC decreased its stake in shares of Crh Plc (NYSE:CRH) by 10.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 96,332 shares of the construction company’s stock after selling 10,709 shares during the period. Evergreen Capital Management LLC’s holdings in CRH were worth $11,550,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of CRH. YCG LLC boosted its holdings in CRH by 4.2% during the 3rd quarter. YCG LLC now owns 113,971 shares of the construction company’s stock worth $13,665,000 after acquiring an additional 4,636 shares during the last quarter. Richardson Financial Services Inc. lifted its position in shares of CRH by 65.8% during the third quarter. Richardson Financial Services Inc. now owns 1,124 shares of the construction company’s stock valued at $135,000 after purchasing an additional 446 shares in the last quarter. Syquant Capital Sas purchased a new position in CRH during the third quarter worth about $2,856,000. Ritholtz Wealth Management increased its stake in CRH by 2.3% in the 3rd quarter. Ritholtz Wealth Management now owns 41,734 shares of the construction company’s stock valued at $5,004,000 after buying an additional 945 shares during the last quarter. Finally, Cannon Global Investment Management LLC bought a new position in shares of CRH during the 3rd quarter worth approximately $1,535,000. 62.50% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. DA Davidson upped their target price on CRH from $110.00 to $116.00 and gave the company a “neutral” rating in a report on Wednesday, November 12th. Wells Fargo & Company restated an “equal weight” rating and issued a $138.00 price objective (up previously from $133.00) on shares of CRH in a research note on Tuesday. Jefferies Financial Group reiterated a “buy” rating on shares of CRH in a research note on Monday, December 1st. UBS Group increased their price target on shares of CRH from $138.00 to $147.00 and gave the company a “buy” rating in a research report on Thursday, January 8th. Finally, Barclays lifted their price objective on shares of CRH from $110.00 to $131.00 and gave the stock an “overweight” rating in a research report on Monday, October 20th. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $136.20.

CRH Stock Performance

Shares of CRH opened at $123.08 on Friday. Crh Plc has a fifty-two week low of $76.75 and a fifty-two week high of $131.55. The business has a 50-day moving average of $121.71 and a 200 day moving average of $113.58. The firm has a market cap of $82.50 billion, a P/E ratio of 24.52, a price-to-earnings-growth ratio of 1.80 and a beta of 1.34.

CRH (NYSE:CRH) last issued its earnings results on Wednesday, November 5th. The construction company reported $2.21 earnings per share 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 firm had revenue of $11.07 billion during the quarter, compared to analyst estimates of $10.15 billion. During the same quarter last year, the business earned $1.97 earnings per share. The company’s quarterly revenue 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 predict that Crh Plc will post 5.47 earnings per share for the current fiscal 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. The ex-dividend date of this dividend was Friday, November 21st. This represents a $1.48 dividend on an annualized basis and a yield of 1.2%. CRH’s payout ratio is presently 22.11%.

About CRH

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.