Renaissance Group LLC Has $7.50 Million Stock Position in Crh Plc $CRH

Renaissance Group LLC cut its holdings in shares of Crh Plc (NYSE:CRH) by 0.7% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 81,668 shares of the construction company’s stock after selling 590 shares during the period. Renaissance Group LLC’s holdings in CRH were worth $7,497,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also bought and sold shares of CRH. Financiere des Professionnels Fonds d investissement inc. bought a new position in CRH during the 2nd quarter worth approximately $246,000. Ninety One UK Ltd raised its holdings in CRH by 13.1% in the second quarter. Ninety One UK Ltd now owns 3,143,490 shares of the construction company’s stock worth $288,572,000 after purchasing an additional 364,319 shares during the period. GSA Capital Partners LLP acquired a new position in shares of CRH in the 1st quarter valued at $744,000. Hsbc Holdings PLC raised its stake in CRH by 100.2% during the 1st quarter. Hsbc Holdings PLC now owns 452,776 shares of the construction company’s stock worth $39,318,000 after buying an additional 226,602 shares during the period. Finally, National Pension Service raised its stake in CRH by 8.6% during the 1st quarter. National Pension Service now owns 2,154,053 shares of the construction company’s stock worth $189,492,000 after buying an additional 170,702 shares during the period. 62.50% of the stock is currently owned by institutional investors and hedge funds.

CRH Price Performance

CRH stock opened at $108.91 on Wednesday. The company’s 50-day moving average is $115.69 and its 200-day moving average is $104.68. The firm has a market capitalization of $73.00 billion, a PE ratio of 22.78, a P/E/G ratio of 1.68 and a beta of 1.32. Crh Plc has a fifty-two week low of $76.75 and a fifty-two week high of $121.99.

CRH (NYSE:CRH) last issued its 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. The business had revenue of $11.07 billion during the quarter, compared to the consensus estimate of $10.15 billion. CRH had a net margin of 9.09% and a return on equity of 15.68%. CRH’s revenue was up 5.3% on a year-over-year basis. During the same period last year, the business posted $1.97 EPS. CRH has set its FY 2025 guidance at 5.490-5.720 EPS. As a group, analysts expect that Crh Plc will post 5.47 EPS for the current year.

CRH Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 17th. Stockholders of record on Friday, November 21st will be paid a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 1.4%. The ex-dividend date is Friday, November 21st. CRH’s payout ratio is currently 22.11%.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on CRH shares. Royal Bank Of Canada lowered their price target on CRH from $152.00 to $150.00 and set an “outperform” rating for the company in a report on Friday, November 7th. Bank of America began coverage on shares of CRH in a research report on Friday, September 26th. They issued a “buy” rating and a $128.00 price objective on the stock. JPMorgan Chase & Co. boosted their target price on CRH from $130.00 to $135.00 and gave the company an “overweight” rating in a research note on Tuesday, November 11th. Wells Fargo & Company decreased their price target on shares of CRH from $135.00 to $133.00 and set an “overweight” rating for the company in a research note on Friday, November 7th. Finally, Vertical Research upgraded shares of CRH to a “strong-buy” rating in a research note on Friday, August 1st. Two analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, CRH presently has an average rating of “Buy” and an average target price of $129.54.

CRH Company Profile

CRH plc, together with its subsidiaries, provides building materials solutions in Ireland and internationally. It operates through four segments: Americas Materials Solutions, Americas Building Solutions, Europe Materials Solutions, and Europe Building Solutions. The company provides solutions for the construction and maintenance of public infrastructure and commercial and residential buildings; and produces and sells aggregates, cement, readymixed concrete, and asphalt, as well as provides paving and construction services.