Crh Plc $CRH Shares Acquired by Coldstream Capital Management Inc.

Coldstream Capital Management Inc. increased its stake in shares of Crh Plc (NYSE:CRH) by 21.9% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 7,855 shares of the construction company’s stock after acquiring an additional 1,410 shares during the period. Coldstream Capital Management Inc.’s holdings in CRH were worth $721,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Creekmur Asset Management LLC purchased a new position in shares of CRH in the 2nd quarter valued at approximately $27,000. Park Place Capital Corp lifted its holdings in shares of CRH by 59.9% during the second quarter. Park Place Capital Corp now owns 307 shares of the construction company’s stock worth $29,000 after purchasing an additional 115 shares during the period. Cullen Frost Bankers Inc. grew its position in CRH by 255.0% in the 2nd quarter. Cullen Frost Bankers Inc. now owns 426 shares of the construction company’s stock valued at $39,000 after buying an additional 306 shares during the last quarter. Ransom Advisory Ltd acquired a new position in CRH in the 1st quarter valued at $47,000. Finally, Richardson Financial Services Inc. raised its position in CRH by 29.4% during the 2nd quarter. Richardson Financial Services Inc. now owns 678 shares of the construction company’s stock worth $63,000 after buying an additional 154 shares during the last quarter. 62.50% of the stock is owned by hedge funds and other institutional investors.

CRH Price Performance

Shares of NYSE:CRH opened at $119.79 on Thursday. The firm has a market capitalization of $80.29 billion, a price-to-earnings ratio of 25.06, a price-to-earnings-growth ratio of 1.68 and a beta of 1.32. The business’s 50 day simple moving average is $115.72 and its 200-day simple moving average is $105.38. Crh Plc has a 12 month low of $76.75 and a 12 month high of $121.99.

CRH (NYSE:CRH) last released its quarterly earnings data on Wednesday, November 5th. The construction company reported $2.21 earnings per share for the quarter, beating the consensus estimate of $1.94 by $0.27. The firm had revenue of $11.07 billion during the quarter, compared to the consensus estimate of $10.15 billion. CRH had a return on equity of 15.68% and a net margin of 9.09%.CRH’s quarterly revenue was up 5.3% on a year-over-year basis. During the same period last year, the business posted $1.97 EPS. CRH has set its FY 2025 guidance at 5.490-5.720 EPS. On average, equities analysts anticipate that Crh Plc will post 5.47 earnings per share for the current year.

CRH Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 17th. Investors of record on Friday, November 21st will be given a $0.37 dividend. The ex-dividend date is Friday, November 21st. This represents a $1.48 annualized dividend and a dividend yield of 1.2%. CRH’s payout ratio is currently 22.11%.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Truist Financial lifted their target price on shares of CRH from $125.00 to $140.00 and gave the company a “buy” rating in a report on Thursday, October 2nd. DA Davidson lifted their price objective on CRH from $110.00 to $116.00 and gave the company a “neutral” rating in a report on Wednesday, November 12th. UBS Group assumed coverage on CRH in a research note on Tuesday, October 14th. They set a “buy” rating and a $138.00 target price for the company. Barclays raised their price target on CRH from $110.00 to $131.00 and gave the company an “overweight” rating in a report on Monday, October 20th. Finally, Vertical Research raised CRH to a “strong-buy” rating in a report on Friday, August 1st. Two investment analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, CRH currently has an average rating of “Buy” and a consensus price target of $129.54.

CRH Company Profile

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.