Whalen Wealth Management Inc. Decreases Stock Holdings in Crh Plc $CRH

Whalen Wealth Management Inc. cut its stake in shares of Crh Plc (NYSE:CRH) by 85.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,577 shares of the construction company’s stock after selling 15,206 shares during the period. Whalen Wealth Management Inc.’s holdings in CRH were worth $309,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the business. 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 valued at $322,000 after purchasing an additional 423 shares during the period. Assenagon Asset Management S.A. lifted its position in CRH by 43.9% during the third quarter. Assenagon Asset Management S.A. now owns 1,565,570 shares of the construction company’s stock valued at $187,712,000 after purchasing an additional 477,520 shares during the period. Gradient Investments LLC increased its position in shares of CRH by 67.0% during the 3rd quarter. Gradient Investments LLC now owns 10,955 shares of the construction company’s stock valued at $1,314,000 after purchasing an additional 4,397 shares during the last quarter. Aaron Wealth Advisors LLC grew its holdings in CRH by 130.7% during the third quarter. Aaron Wealth Advisors LLC now owns 5,204 shares of the construction company’s stock valued at $624,000 after purchasing an additional 2,948 shares during the period. Finally, GAMMA Investing LLC raised its position in shares of CRH by 14.0% during the 3rd quarter. GAMMA Investing LLC now owns 1,765 shares of the construction company’s stock valued at $212,000 after purchasing an additional 217 shares during the period. 62.50% of the stock is owned by hedge funds and other institutional investors.

CRH Stock Performance

NYSE:CRH opened at $125.12 on Friday. The stock has a market capitalization of $83.86 billion, a PE ratio of 24.92, a P/E/G ratio of 2.06 and a beta of 1.35. Crh Plc has a fifty-two week low of $76.75 and a fifty-two week high of $128.95. The company has a fifty day moving average of $118.24 and a two-hundred day moving average of $108.63.

CRH (NYSE:CRH) last released its earnings results 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 net margin of 9.30% and a return on equity of 16.25%. The business had revenue of $11.07 billion during the quarter, compared to analysts’ expectations of $10.15 billion. During the same quarter in the previous year, the company earned $1.97 earnings per share. The company’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. Research analysts forecast that Crh Plc will post 5.47 earnings per share for the current year.

CRH Dividend Announcement

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

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. Weiss Ratings reaffirmed a “buy (b)” rating on shares of CRH in a report on Monday, December 8th. Sanford C. Bernstein boosted their price target on shares of CRH from $115.00 to $130.00 and gave the company an “outperform” rating in a report on Thursday, September 11th. Wells Fargo & Company cut their price target on shares of CRH from $135.00 to $133.00 and set an “overweight” rating on the stock in a report on Friday, November 7th. JPMorgan Chase & Co. boosted their price target on CRH from $130.00 to $135.00 and gave the company an “overweight” rating in a research note on Tuesday, November 11th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of CRH in a research report on Monday, December 8th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $132.60.

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.