PFG Advisors Grows Position in Crh Plc $CRH

PFG Advisors boosted its position in shares of Crh Plc (NYSE:CRH) by 36.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 29,845 shares of the construction company’s stock after buying an additional 8,017 shares during the period. PFG Advisors’ holdings in CRH were worth $2,740,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the company. Vanguard Group Inc. grew its position in shares of CRH by 62.8% during the first quarter. Vanguard Group Inc. now owns 63,755,468 shares of the construction company’s stock worth $5,608,567,000 after acquiring an additional 24,591,538 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its stake in CRH by 43.2% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 10,303,788 shares of the construction company’s stock worth $906,424,000 after purchasing an additional 3,108,416 shares during the period. Bank of New York Mellon Corp grew its position in CRH by 4.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 9,185,200 shares of the construction company’s stock worth $843,201,000 after purchasing an additional 354,711 shares during the last quarter. Boston Partners increased its stake in CRH by 5.9% in the first quarter. Boston Partners now owns 8,822,801 shares of the construction company’s stock valued at $775,349,000 after purchasing an additional 493,796 shares during the period. Finally, Amundi raised its holdings in shares of CRH by 11.8% in the first quarter. Amundi now owns 7,979,264 shares of the construction company’s stock valued at $689,009,000 after buying an additional 843,806 shares during the last quarter. 62.50% of the stock is owned by institutional investors and hedge funds.

CRH Stock Down 1.5%

NYSE:CRH opened at $113.01 on Monday. The firm’s fifty day simple moving average is $115.75 and its 200-day simple moving average is $103.85. The stock has a market cap of $76.02 billion, a PE ratio of 23.64, a price-to-earnings-growth 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 released its quarterly earnings data on Wednesday, November 5th. The construction company reported $2.21 EPS for the quarter, topping analysts’ consensus estimates of $1.94 by $0.27. CRH had a net margin of 9.09% and a return on equity of 15.68%. The firm had revenue of $11.07 billion for the quarter, compared to the consensus estimate of $10.15 billion. During the same quarter in the previous year, the firm earned $1.97 earnings per share. The firm’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. Equities analysts anticipate that Crh Plc will post 5.47 earnings per share for the current year.

CRH Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 17th. Investors of record on Friday, November 21st will be issued a dividend of $0.37 per share. The ex-dividend date of this dividend is Friday, November 21st. This represents a $1.48 annualized dividend and a yield of 1.3%. CRH’s payout ratio is currently 22.11%.

Wall Street Analyst Weigh In

CRH has been the topic of a number of research reports. Truist Financial raised their price target on CRH from $125.00 to $140.00 and gave the stock a “buy” rating in a report on Thursday, October 2nd. Jefferies Financial Group upgraded CRH to a “strong-buy” rating in a research note on Monday, September 22nd. Bank of America began coverage on CRH in a report on Friday, September 26th. They set a “buy” rating and a $128.00 price target for the company. Royal Bank Of Canada dropped their price objective on shares of CRH from $152.00 to $150.00 and set an “outperform” rating on the stock in a research note on Friday. Finally, Wells Fargo & Company reduced their target price on shares of CRH from $135.00 to $133.00 and set an “overweight” rating for the company in a research note on Friday. Three equities research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, CRH presently has an average rating of “Buy” and an average price target of $127.43.

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.