Crh Plc $CRH Shares Sold by Martin Currie Ltd.

Martin Currie Ltd. decreased its position in shares of Crh Plc (NYSE:CRH) by 20.5% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 182,500 shares of the construction company’s stock after selling 47,000 shares during the quarter. Martin Currie Ltd.’s holdings in CRH were worth $16,852,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of CRH. Creekmur Asset Management LLC acquired a new position in CRH during the 2nd quarter valued at about $27,000. Park Place Capital Corp raised 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 valued at $29,000 after buying an additional 115 shares during the last quarter. Cullen Frost Bankers Inc. boosted its position in shares of CRH by 255.0% during the second quarter. Cullen Frost Bankers Inc. now owns 426 shares of the construction company’s stock worth $39,000 after buying an additional 306 shares during the period. GW&K Investment Management LLC grew its holdings in CRH by 86.7% in the 1st quarter. GW&K Investment Management LLC now owns 448 shares of the construction company’s stock worth $39,000 after buying an additional 208 shares in the last quarter. Finally, Ransom Advisory Ltd bought a new position in CRH in the 1st quarter worth approximately $47,000. Institutional investors and hedge funds own 62.50% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on CRH shares. JPMorgan Chase & Co. boosted 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. Sanford C. Bernstein lifted their price objective on shares of CRH from $115.00 to $130.00 and gave the company an “outperform” rating in a research note on Thursday, September 11th. Wells Fargo & Company reduced their price objective on shares of CRH from $135.00 to $133.00 and set an “overweight” rating for the company in a report on Friday, November 7th. Barclays raised their target price on shares of CRH from $110.00 to $131.00 and gave the company an “overweight” rating in a research note on Monday, October 20th. Finally, Truist Financial boosted their price target on shares of CRH from $125.00 to $140.00 and gave the stock a “buy” rating in a research report on Thursday, October 2nd. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $129.54.

CRH Stock Down 1.6%

Shares of CRH stock opened at $108.38 on Friday. The stock has a 50-day simple moving average of $115.55 and a 200 day simple moving average of $104.74. The stock has a market capitalization of $72.65 billion, a P/E ratio of 22.67, a P/E/G ratio of 1.68 and a beta of 1.32. Crh Plc has a fifty-two week low of $76.75 and a fifty-two week high of $121.99.

CRH (NYSE:CRH) last issued its quarterly earnings results on Wednesday, November 5th. The construction company reported $2.21 EPS for the quarter, topping the consensus estimate of $1.94 by $0.27. CRH had a net margin of 9.09% and a return on equity of 15.68%. The firm had revenue of $11.07 billion for the quarter, compared to analysts’ expectations of $10.15 billion. During the same period in the previous year, the business earned $1.97 earnings per share. CRH’s revenue for the quarter 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 anticipate that Crh Plc will post 5.47 earnings per share for the current year.

CRH Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 17th. Investors of record on Friday, November 21st will be paid a dividend of $0.37 per share. The ex-dividend date of this dividend is Friday, November 21st. This represents a $1.48 annualized dividend and a yield of 1.4%. CRH’s dividend payout ratio is currently 22.11%.

CRH 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.