Resona Asset Management Co. Ltd. Sells 10,744 Shares of Crh Plc $CRH

Resona Asset Management Co. Ltd. reduced its stake in Crh Plc (NYSE:CRH) by 5.5% during the third quarter, HoldingsChannel reports. The firm owned 185,222 shares of the construction company’s stock after selling 10,744 shares during the period. Resona Asset Management Co. Ltd.’s holdings in CRH were worth $22,208,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of CRH. Creekmur Asset Management LLC bought a new position in shares of CRH in the 2nd quarter worth $27,000. Park Place Capital Corp grew its position in CRH by 59.9% in the second quarter. Park Place Capital Corp now owns 307 shares of the construction company’s stock worth $29,000 after acquiring an additional 115 shares in the last quarter. Riggs Asset Managment Co. Inc. increased its stake in CRH by 1,835.3% in the second quarter. Riggs Asset Managment Co. Inc. now owns 329 shares of the construction company’s stock valued at $30,000 after acquiring an additional 312 shares during the last quarter. Salomon & Ludwin LLC bought a new position in CRH in the third quarter valued at $32,000. Finally, Cullen Frost Bankers Inc. raised its position in CRH by 255.0% during the second quarter. Cullen Frost Bankers Inc. now owns 426 shares of the construction company’s stock valued at $39,000 after purchasing an additional 306 shares in the last quarter. Hedge funds and other institutional investors own 62.50% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. UBS Group increased their price objective on CRH from $138.00 to $147.00 and gave the company a “buy” rating in a research report on Thursday, January 8th. Jefferies Financial Group reiterated a “buy” rating on shares of CRH in a research report on Monday, December 1st. JPMorgan Chase & Co. boosted their price objective on shares of CRH from $130.00 to $135.00 and gave the stock an “overweight” rating in a report on Tuesday, November 11th. Truist Financial upped their price objective on shares of CRH from $125.00 to $140.00 and gave the company a “buy” rating in a research note on Thursday, October 2nd. Finally, DA Davidson increased their target price on shares of CRH from $110.00 to $116.00 and gave the company a “neutral” rating in a report on Wednesday, November 12th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $136.20.

CRH Stock Performance

NYSE:CRH opened at $122.85 on Friday. Crh Plc has a fifty-two week low of $76.75 and a fifty-two week high of $131.55. The firm has a market cap of $82.34 billion, a PE ratio of 24.47, a price-to-earnings-growth ratio of 1.80 and a beta of 1.34. The business has a 50 day moving average price of $122.73 and a 200-day moving average price of $114.69.

CRH (NYSE:CRH) last issued its earnings results on Wednesday, November 5th. The construction company reported $2.21 EPS for the quarter, topping the consensus estimate of $1.94 by $0.27. CRH had a net margin of 9.30% and a return on equity of 16.25%. The company had revenue of $11.07 billion for the quarter, compared to the consensus estimate of $10.15 billion. During the same period in the previous year, the firm earned $1.97 earnings per share. 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. Research analysts predict that Crh Plc will post 5.47 EPS for the current year.

CRH Announces Dividend

The company also recently disclosed 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 of this dividend was Friday, November 21st. CRH’s dividend payout ratio is 22.11%.

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.