III Capital Management Increases Position in Crh Plc $CRH

III Capital Management raised its position in shares of Crh Plc (NYSE:CRH) by 109.3% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 55,534 shares of the construction company’s stock after purchasing an additional 29,000 shares during the quarter. CRH comprises 0.9% of III Capital Management’s portfolio, making the stock its 10th largest holding. III Capital Management’s holdings in CRH were worth $5,098,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Norges Bank acquired a new stake in shares of CRH during the second quarter valued at approximately $1,007,932,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in CRH by 58,695.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,830,994 shares of the construction company’s stock worth $249,043,000 after purchasing an additional 2,826,179 shares in the last quarter. Eleva Capital SAS acquired a new stake in CRH during the 2nd quarter valued at $250,562,000. Massachusetts Financial Services Co. MA lifted its holdings in shares of CRH by 24.3% in the second quarter. Massachusetts Financial Services Co. MA now owns 12,803,346 shares of the construction company’s stock valued at $1,175,347,000 after purchasing an additional 2,499,558 shares in the last quarter. Finally, Marshall Wace LLP boosted its position in shares of CRH by 45.3% in the second quarter. Marshall Wace LLP now owns 6,031,903 shares of the construction company’s stock worth $553,729,000 after buying an additional 1,881,550 shares during the period. Institutional investors own 62.50% of the company’s stock.

CRH Stock Performance

Shares of CRH opened at $126.53 on Friday. The firm has a market cap of $84.81 billion, a PE ratio of 25.21, a PEG ratio of 2.06 and a beta of 1.35. The firm’s 50 day moving average price is $117.36 and its 200 day moving average price is $107.45. Crh Plc has a twelve month low of $76.75 and a twelve month high of $127.44.

CRH (NYSE:CRH) last announced its quarterly earnings results on Wednesday, November 5th. The construction company reported $2.21 EPS for the quarter, topping the consensus estimate of $1.94 by $0.27. CRH had a net margin of 9.30% and a return on equity of 16.25%. The company had revenue of $11.07 billion for the quarter, compared to analyst estimates of $10.15 billion. During the same quarter in the prior year, the business posted $1.97 EPS. CRH’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. On average, sell-side analysts anticipate that Crh Plc will post 5.47 earnings per share for the current fiscal year.

CRH Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 17th. Shareholders 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 dividend on an annualized basis and a dividend yield of 1.2%. CRH’s payout ratio is currently 22.11%.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. Weiss Ratings reissued a “buy (b)” rating on shares of CRH in a research report on Monday. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of CRH in a report on Monday. Truist Financial increased their price target on shares of CRH from $125.00 to $140.00 and gave the stock a “buy” rating in a research report on Thursday, October 2nd. Barclays boosted their price objective on shares of CRH from $110.00 to $131.00 and gave the company an “overweight” rating in a research report on Monday, October 20th. Finally, UBS Group started coverage on shares of CRH in a research report on Tuesday, October 14th. They issued a “buy” rating and a $138.00 target price for the company. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, CRH presently has an average rating of “Moderate Buy” and a consensus price target of $130.64.

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.