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

Renaissance Group LLC reduced its stake in Crh Plc (NYSE:CRH) by 0.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 81,668 shares of the construction company’s stock after selling 590 shares during the quarter. Renaissance Group LLC’s holdings in CRH were worth $7,497,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in CRH. Creekmur Asset Management LLC bought a new position in shares of CRH during the second quarter worth approximately $27,000. Park Place Capital Corp grew its holdings in CRH by 59.9% in the 2nd quarter. Park Place Capital Corp now owns 307 shares of the construction company’s stock valued at $29,000 after buying an additional 115 shares in the last quarter. GW&K Investment Management LLC grew its holdings in CRH by 86.7% in the 1st quarter. GW&K Investment Management LLC now owns 448 shares of the construction company’s stock valued at $39,000 after buying an additional 208 shares in the last quarter. Cullen Frost Bankers Inc. boosted its position in shares of CRH by 255.0% in the second quarter. Cullen Frost Bankers Inc. now owns 426 shares of the construction company’s stock valued at $39,000 after acquiring an additional 306 shares during the period. Finally, Ransom Advisory Ltd acquired a new position in shares of CRH in the first quarter valued at about $47,000. Institutional investors and hedge funds own 62.50% of the company’s stock.

CRH Stock Down 0.3%

Shares of CRH stock opened at $108.91 on Wednesday. Crh Plc has a twelve month low of $76.75 and a twelve month high of $121.99. The business has a fifty day simple moving average of $115.69 and a 200 day simple moving average of $104.68. The company has a market cap of $73.00 billion, a P/E ratio of 22.78, a P/E/G ratio of 1.68 and a beta of 1.32.

CRH (NYSE:CRH) last issued its quarterly earnings data 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 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%. The firm’s revenue was up 5.3% compared to the same quarter last year. During the same quarter in the prior 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 anticipate that Crh Plc will post 5.47 earnings per share for the current fiscal year.

CRH Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on CRH. Wells Fargo & Company dropped their price objective 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. JPMorgan Chase & Co. raised their target price on shares of CRH from $130.00 to $135.00 and gave the stock an “overweight” rating in a report on Tuesday, November 11th. UBS Group assumed coverage on CRH in a research note on Tuesday, October 14th. They issued a “buy” rating and a $138.00 price target for the company. Barclays lifted their price objective on CRH from $110.00 to $131.00 and gave the company an “overweight” rating in a report on Monday, October 20th. Finally, DA Davidson boosted their price target on CRH from $110.00 to $116.00 and gave the company a “neutral” rating in a research note on Wednesday, November 12th. Two research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $129.54.

CRH 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.