Phoenix Financial Ltd. Reduces Stock Position in Crh Plc $CRH

Phoenix Financial Ltd. decreased its holdings in Crh Plc (NYSE:CRH) by 27.8% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 37,623 shares of the construction company’s stock after selling 14,458 shares during the period. Phoenix Financial Ltd.’s holdings in CRH were worth $4,511,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Norges Bank purchased a new position in CRH in the 2nd quarter worth about $1,007,932,000. Eleva Capital SAS bought a new position in CRH in the 2nd quarter worth about $250,562,000. Massachusetts Financial Services Co. MA increased its position in shares of CRH by 24.3% during the second quarter. Massachusetts Financial Services Co. MA now owns 12,803,346 shares of the construction company’s stock worth $1,175,347,000 after acquiring an additional 2,499,558 shares during the period. Marshall Wace LLP increased its position in shares of CRH by 45.3% during the second quarter. Marshall Wace LLP now owns 6,031,903 shares of the construction company’s stock worth $553,729,000 after acquiring an additional 1,881,550 shares during the period. Finally, Baupost Group LLC MA raised its stake in shares of CRH by 42.0% during the second quarter. Baupost Group LLC MA now owns 3,825,395 shares of the construction company’s stock valued at $351,171,000 after acquiring an additional 1,131,000 shares in the last quarter. 62.50% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages recently issued reports on CRH. Morgan Stanley increased their price objective on CRH from $131.00 to $140.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 10th. JPMorgan Chase & Co. increased their price target on CRH from $130.00 to $135.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 11th. UBS Group lifted their price objective on CRH from $138.00 to $147.00 and gave the company a “buy” rating in a report on Thursday, January 8th. Royal Bank Of Canada dropped their target price on shares of CRH from $152.00 to $150.00 and set an “outperform” rating on the stock in a report on Friday, November 7th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of CRH in a research report on Monday, December 8th. One equities research 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 MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $136.20.

CRH Stock Performance

CRH stock opened at $122.74 on Tuesday. Crh Plc has a one year low of $76.75 and a one year high of $131.55. The firm has a market cap of $82.27 billion, a price-to-earnings ratio of 24.45, a PEG ratio of 1.80 and a beta of 1.34. The firm has a 50-day simple moving average of $123.00 and a two-hundred day simple moving average of $115.01.

CRH (NYSE:CRH) last posted its quarterly earnings data 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 firm had revenue of $11.07 billion during the quarter, compared to analyst estimates of $10.15 billion. During the same quarter in the previous year, the business posted $1.97 EPS. CRH’s 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, equities analysts predict that Crh Plc will post 5.47 earnings per share for the current fiscal year.

CRH Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 17th. Stockholders of record on Friday, November 21st were issued 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 currently 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.