Findlay Park Partners LLP Sells 89,600 Shares of Crh Plc $CRH

Findlay Park Partners LLP cut its stake in shares of Crh Plc (NYSE:CRH) by 3.5% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,466,911 shares of the construction company’s stock after selling 89,600 shares during the period. CRH accounts for about 2.3% of Findlay Park Partners LLP’s investment portfolio, making the stock its 13th biggest holding. Findlay Park Partners LLP’s holdings in CRH were worth $226,462,000 as of its most recent filing with the SEC.

Other institutional investors have also recently made changes to their positions in the company. Mission Wealth Management LP boosted its holdings in shares of CRH by 1.1% in the 2nd quarter. Mission Wealth Management LP now owns 9,548 shares of the construction company’s stock valued at $877,000 after buying an additional 107 shares during the last quarter. Sound View Wealth Advisors Group LLC raised its position in CRH by 3.7% during the second quarter. Sound View Wealth Advisors Group LLC now owns 2,982 shares of the construction company’s stock worth $274,000 after acquiring an additional 107 shares in the last quarter. Park Place Capital Corp grew its position in shares of 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 acquiring an additional 115 shares during the period. Callan Family Office LLC grew its position in shares of CRH by 4.4% in the 1st quarter. Callan Family Office LLC now owns 3,074 shares of the construction company’s stock valued at $270,000 after acquiring an additional 129 shares during the period. Finally, LRI Investments LLC raised its holdings in shares of CRH by 9.2% in the 2nd quarter. LRI Investments LLC now owns 1,669 shares of the construction company’s stock valued at $153,000 after purchasing an additional 140 shares during the period. Institutional investors and hedge funds own 62.50% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on CRH. Weiss Ratings reiterated a “buy (b-)” rating on shares of CRH in a report on Wednesday, November 19th. Truist Financial increased their price target on CRH from $125.00 to $140.00 and gave the company a “buy” rating in a research note on Thursday, October 2nd. Sanford C. Bernstein upped their price objective on shares of CRH from $115.00 to $130.00 and gave the company an “outperform” rating in a report on Thursday, September 11th. UBS Group started coverage on CRH in a research note on Tuesday, October 14th. They set a “buy” rating and a $138.00 target price on the stock. Finally, JPMorgan Chase & Co. lifted their price objective on shares of CRH from $130.00 to $135.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 11th. Two research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $129.54.

CRH Stock Performance

Shares of NYSE CRH opened at $119.79 on Thursday. The firm has a 50 day moving average price of $115.72 and a two-hundred day moving average price of $105.38. Crh Plc has a 52-week low of $76.75 and a 52-week high of $121.99. The stock has a market cap of $80.29 billion, a P/E ratio of 25.06, a price-to-earnings-growth ratio of 1.68 and a beta of 1.32.

CRH (NYSE:CRH) last posted 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 return on equity of 15.68% and a net margin of 9.09%.The company had revenue of $11.07 billion for the quarter, compared to analyst estimates of $10.15 billion. During the same period in the previous year, the firm earned $1.97 earnings per share. The firm’s quarterly revenue was up 5.3% on a year-over-year basis. CRH has set its FY 2025 guidance at 5.490-5.720 EPS. Analysts predict that Crh Plc will post 5.47 earnings per share for the current fiscal year.

CRH Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 17th. Stockholders of record on Friday, November 21st will be given 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 1.2%. CRH’s dividend payout ratio (DPR) is 22.11%.

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.