Persistent Asset Partners Ltd Increases Stock Holdings in Crh Plc $CRH

Persistent Asset Partners Ltd increased its position in Crh Plc (NYSE:CRH) by 9.6% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,519 shares of the construction company’s stock after acquiring an additional 917 shares during the quarter. Persistent Asset Partners Ltd’s holdings in CRH were worth $966,000 at the end of the most recent quarter.

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 CRH in the 2nd quarter valued at $27,000. Park Place Capital Corp raised its position in shares of 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 buying an additional 115 shares in the last quarter. GW&K Investment Management LLC raised its position in shares of CRH by 86.7% in the first quarter. GW&K Investment Management LLC now owns 448 shares of the construction company’s stock worth $39,000 after buying an additional 208 shares in the last quarter. Cullen Frost Bankers Inc. boosted its stake 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 buying an additional 306 shares during the period. Finally, Ransom Advisory Ltd purchased a new position in CRH during the first quarter worth about $47,000. Institutional investors own 62.50% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. Sanford C. Bernstein raised their price target on CRH from $115.00 to $130.00 and gave the company an “outperform” rating in a report on Thursday, September 11th. Bank of America assumed coverage on shares of CRH in a research note on Friday, September 26th. They issued a “buy” rating and a $128.00 target price on the stock. DA Davidson lifted their target price on shares of CRH from $110.00 to $116.00 and gave the company a “neutral” rating in a research report on Wednesday. Weiss Ratings reissued a “buy (b-)” rating on shares of CRH in a report on Thursday. Finally, UBS Group assumed coverage on shares of CRH in a research report on Tuesday, October 14th. They set a “buy” rating and a $138.00 price objective on the stock. Two analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $129.54.

CRH Stock Performance

Shares of CRH opened at $109.62 on Friday. Crh Plc has a fifty-two week low of $76.75 and a fifty-two week high of $121.99. The firm has a market cap of $73.74 billion, a price-to-earnings ratio of 22.93, a PEG ratio of 1.68 and a beta of 1.32. The firm has a 50 day moving average price of $115.78 and a 200-day moving average price of $104.45.

CRH (NYSE:CRH) last released its earnings results on Wednesday, November 5th. The construction company reported $2.21 EPS for the quarter, beating the consensus estimate of $1.94 by $0.27. The company had revenue of $11.07 billion for the quarter, compared to analyst estimates of $10.15 billion. CRH had a net margin of 9.09% and a return on equity of 15.68%. The firm’s quarterly revenue was up 5.3% compared to the same quarter last year. During the same quarter last year, the firm earned $1.97 EPS. CRH has set its FY 2025 guidance at 5.490-5.720 EPS. As a group, equities research analysts predict that Crh Plc will post 5.47 earnings per share for the current year.

CRH Announces Dividend

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

About CRH

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.