Crh Plc $CRH Shares Sold by Phoenix Financial Ltd.

Phoenix Financial Ltd. decreased its holdings in shares of Crh Plc (NYSE:CRH) by 27.8% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 37,623 shares of the construction company’s stock after selling 14,458 shares during the period. Phoenix Financial Ltd.’s holdings in CRH were worth $4,511,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of CRH. Stonegate Investment Group LLC grew its position in CRH by 7.8% during the 3rd quarter. Stonegate Investment Group LLC now owns 3,380 shares of the construction company’s stock worth $405,000 after purchasing an additional 245 shares during the last quarter. B. Riley Wealth Advisors Inc. lifted its stake in shares of CRH by 4.7% during the third quarter. B. Riley Wealth Advisors Inc. now owns 7,728 shares of the construction company’s stock worth $927,000 after buying an additional 344 shares during the period. Vanguard Personalized Indexing Management LLC grew its holdings in shares of CRH by 10.1% during the third quarter. Vanguard Personalized Indexing Management LLC now owns 72,998 shares of the construction company’s stock valued at $8,753,000 after buying an additional 6,714 shares during the last quarter. CIBC Asset Management Inc increased its position in shares of CRH by 0.7% in the 3rd quarter. CIBC Asset Management Inc now owns 29,775 shares of the construction company’s stock valued at $3,570,000 after acquiring an additional 207 shares during the period. Finally, Sagespring Wealth Partners LLC increased its position in shares of CRH by 35.5% in the 3rd quarter. Sagespring Wealth Partners LLC now owns 4,740 shares of the construction company’s stock valued at $568,000 after acquiring an additional 1,243 shares during the period. 62.50% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. JPMorgan Chase & Co. lifted their price target on CRH from $130.00 to $135.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 11th. UBS Group lifted their target price on CRH from $138.00 to $147.00 and gave the stock a “buy” rating in a report on Thursday, January 8th. Morgan Stanley increased their price target on shares of CRH from $131.00 to $140.00 and gave the stock an “overweight” rating in a report on Wednesday, December 10th. Citigroup raised their price target on shares of CRH from $142.00 to $155.00 and gave the stock a “buy” rating in a research report on Thursday, January 8th. Finally, Wells Fargo & Company reaffirmed an “equal weight” rating and issued a $138.00 price objective (up from $133.00) on shares of CRH in a report on Tuesday, January 13th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $136.20.

CRH Trading Down 0.1%

CRH stock opened at $122.74 on Tuesday. The firm has a market cap of $82.27 billion, a PE ratio of 24.45, a P/E/G ratio of 1.80 and a beta of 1.34. Crh Plc has a 12 month low of $76.75 and a 12 month high of $131.55. The stock’s 50 day simple moving average is $123.00 and its two-hundred day simple moving average is $115.01.

CRH (NYSE:CRH) last posted its earnings results on Wednesday, November 5th. The construction company reported $2.21 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $11.07 billion during the quarter, compared to analysts’ expectations of $10.15 billion. During the same period in the previous year, the business posted $1.97 EPS. The business’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, equities research analysts forecast that Crh Plc will post 5.47 EPS for the current year.

CRH Dividend Announcement

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

CRH Company 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.