Perpetual Ltd Sells 91,278 Shares of Crh Plc $CRH

Perpetual Ltd cut its stake in Crh Plc (NYSE:CRH) by 5.2% in the 3rd quarter, Holdings Channel.com reports. The firm owned 1,659,728 shares of the construction company’s stock after selling 91,278 shares during the quarter. CRH makes up about 2.5% of Perpetual Ltd’s portfolio, making the stock its 11th largest position. Perpetual Ltd’s holdings in CRH were worth $199,001,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in CRH. U.S. Capital Wealth Advisors LLC bought a new position in CRH in the 3rd quarter worth about $331,000. Bay Harbor Wealth Management LLC boosted its position in shares of CRH by 9,830.8% in the third quarter. Bay Harbor Wealth Management LLC now owns 1,291 shares of the construction company’s stock valued at $155,000 after acquiring an additional 1,278 shares during the period. Voya Investment Management LLC boosted its position in shares of CRH by 100.8% in the third quarter. Voya Investment Management LLC now owns 50,676 shares of the construction company’s stock valued at $6,068,000 after acquiring an additional 25,442 shares during the period. Voya Financial Advisors Inc. purchased a new position in CRH during the third quarter valued at approximately $401,000. Finally, Wedmont Private Capital increased its holdings in CRH by 18.0% during the 3rd quarter. Wedmont Private Capital now owns 2,768 shares of the construction company’s stock worth $322,000 after acquiring an additional 423 shares during the period. Hedge funds and other institutional investors own 62.50% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on CRH shares. Bank of America assumed coverage on shares of CRH in a report on Friday, September 26th. They issued a “buy” rating and a $128.00 price target for the company. Longbow Research initiated coverage on CRH in a research report on Tuesday. They issued a “buy” rating and a $160.00 price objective on the stock. Royal Bank Of Canada reduced their target price on CRH from $152.00 to $150.00 and set an “outperform” rating for the company in a research report on Friday, November 7th. Morgan Stanley raised their price target on CRH from $131.00 to $140.00 and gave the company an “overweight” rating in a report on Wednesday, December 10th. Finally, UBS Group assumed coverage on CRH in a research report on Tuesday, October 14th. They set a “buy” rating and a $138.00 price target for the company. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $132.60.

CRH Stock Performance

Shares of NYSE:CRH opened at $125.12 on Friday. The firm has a market capitalization of $83.86 billion, a PE ratio of 24.92, a price-to-earnings-growth ratio of 2.06 and a beta of 1.35. Crh Plc has a 52-week low of $76.75 and a 52-week high of $128.95. The firm has a fifty day moving average of $118.24 and a 200 day moving average of $108.63.

CRH (NYSE:CRH) last issued its quarterly earnings results on Wednesday, November 5th. The construction company reported $2.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.94 by $0.27. CRH had a return on equity of 16.25% and a net margin of 9.30%.The firm had revenue of $11.07 billion during the quarter, compared to analyst estimates of $10.15 billion. During the same quarter in the previous year, the company posted $1.97 earnings per share. The company’s revenue was up 5.3% compared to the same quarter last year. CRH has set its FY 2025 guidance at 5.490-5.720 EPS. On average, sell-side analysts forecast that Crh Plc will post 5.47 EPS for the current fiscal year.

CRH Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 17th. Shareholders of record on Friday, November 21st were paid a $0.37 dividend. The ex-dividend date of this dividend was Friday, November 21st. This represents a $1.48 annualized dividend and a yield of 1.2%. CRH’s dividend payout ratio is currently 22.11%.

CRH Profile

CRH plc, originally formed as Cement Roadstone Holdings in 1970 and headquartered in Dublin, Ireland, is a global building materials group. The company has grown from its Irish roots into one of the largest international suppliers of construction materials, expanding primarily through acquisitions and regional business development. CRH operates an integrated network of manufacturing and distribution businesses that serve both public and private construction markets.

CRH’s core activities include the production and distribution of aggregates, cement, asphalt, ready-mixed concrete and other bulk materials, together with a broad range of value-added building products such as precast concrete, masonry, bricks, roofing products, pipe and drainage systems, and construction accessories.