Wealth Enhancement Advisory Services LLC Raises Position in Crh Plc $CRH

Wealth Enhancement Advisory Services LLC lifted its stake in shares of Crh Plc (NYSE:CRH) by 3.6% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 184,944 shares of the construction company’s stock after buying an additional 6,394 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in CRH were worth $21,516,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Vanguard Group Inc. lifted its stake in CRH by 1.0% during the 2nd quarter. Vanguard Group Inc. now owns 64,405,066 shares of the construction company’s stock valued at $5,912,385,000 after acquiring an additional 649,598 shares in the last quarter. Massachusetts Financial Services Co. MA grew its stake in shares of CRH by 24.3% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 12,803,346 shares of the construction company’s stock worth $1,175,347,000 after acquiring an additional 2,499,558 shares in the last quarter. Norges Bank purchased a new stake in shares of CRH in the second quarter valued at about $1,007,932,000. Boston Partners lifted its position in shares of CRH by 9.4% during the second quarter. Boston Partners now owns 9,654,828 shares of the construction company’s stock valued at $888,810,000 after purchasing an additional 832,027 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in CRH by 4.0% during the second quarter. Bank of New York Mellon Corp now owns 9,185,200 shares of the construction company’s stock worth $843,201,000 after purchasing an additional 354,711 shares during the last quarter. 62.50% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

CRH has been the subject of several analyst reports. Truist Financial increased their price objective on shares of CRH from $125.00 to $140.00 and gave the company a “buy” rating in a research note on Thursday, October 2nd. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of CRH in a research report on Monday, December 22nd. Royal Bank Of Canada dropped their price target on CRH from $152.00 to $150.00 and set an “outperform” rating on the stock in a report on Friday, November 7th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of CRH in a research note on Monday, December 8th. Finally, Jefferies Financial Group reiterated a “buy” rating on shares of CRH in a research note on Monday, December 1st. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $136.20.

CRH Stock Up 0.1%

Shares of NYSE:CRH opened at $120.97 on Thursday. The firm has a market capitalization of $81.08 billion, a PE ratio of 24.10, a P/E/G ratio of 1.77 and a beta of 1.34. The company has a 50-day moving average price of $122.20 and a two-hundred day moving average price of $114.28. Crh Plc has a twelve month low of $76.75 and a twelve month high of $131.55.

CRH (NYSE:CRH) last announced its quarterly earnings results on Wednesday, November 5th. The construction company reported $2.21 EPS for the quarter, beating analysts’ consensus estimates of $1.94 by $0.27. The company had revenue of $11.07 billion for the quarter, compared to analysts’ expectations of $10.15 billion. CRH had a net margin of 9.30% and a return on equity of 16.25%. CRH’s revenue was up 5.3% compared to the same quarter last year. During the same period in the prior year, the company posted $1.97 EPS. CRH has set its FY 2025 guidance at 5.490-5.720 EPS. 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 was paid on Wednesday, December 17th. Stockholders of record on Friday, November 21st were issued a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend was Friday, November 21st. CRH’s dividend payout ratio (DPR) is presently 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.