Engineers Gate Manager LP Increases Stock Holdings in Crh Plc $CRH

Engineers Gate Manager LP increased its stake in Crh Plc (NYSE:CRH) by 219.2% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 240,090 shares of the construction company’s stock after acquiring an additional 164,868 shares during the quarter. Engineers Gate Manager LP’s holdings in CRH were worth $22,040,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in shares of CRH by 1.0% in the second quarter. Vanguard Group Inc. now owns 64,405,066 shares of the construction company’s stock valued at $5,912,385,000 after purchasing an additional 649,598 shares during the period. Massachusetts Financial Services Co. MA lifted its stake in 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 valued at $1,175,347,000 after buying an additional 2,499,558 shares in the last quarter. Norges Bank acquired a new stake in CRH in the 2nd quarter worth about $1,007,932,000. Boston Partners increased its stake in CRH by 9.4% during the 2nd quarter. Boston Partners now owns 9,654,828 shares of the construction company’s stock worth $888,810,000 after buying an additional 832,027 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in shares of 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 valued at $843,201,000 after acquiring an additional 354,711 shares during the last quarter. 62.50% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on CRH. UBS Group initiated coverage on CRH in a research note on Tuesday, October 14th. They issued a “buy” rating and a $138.00 price target on the stock. Sanford C. Bernstein lifted their target price on shares of CRH from $115.00 to $130.00 and gave the stock an “outperform” rating in a research note on Thursday, September 11th. Royal Bank Of Canada reduced their target price on shares of CRH from $152.00 to $150.00 and set an “outperform” rating for the company in a research report on Friday, November 7th. Morgan Stanley raised their price target on shares of CRH from $131.00 to $140.00 and gave the stock an “overweight” rating in a research note on Wednesday. Finally, Jefferies Financial Group restated a “buy” rating on shares of CRH in a research report on Monday, December 1st. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, CRH has a consensus rating of “Moderate Buy” and an average target price of $130.64.

CRH Stock Down 0.4%

NYSE CRH opened at $126.53 on Friday. The business’s fifty day simple moving average is $117.36 and its 200-day simple moving average is $107.45. The firm has a market cap of $84.81 billion, a PE ratio of 25.21, a P/E/G ratio of 2.06 and a beta of 1.35. Crh Plc has a 52 week low of $76.75 and a 52 week high of $127.44.

CRH (NYSE:CRH) last announced its quarterly earnings data on Wednesday, November 5th. The construction company reported $2.21 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $11.07 billion during the quarter, compared to analyst estimates of $10.15 billion. During the same quarter in the prior year, the firm posted $1.97 earnings per share. CRH’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 expect that Crh Plc will post 5.47 EPS for the current year.

CRH Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 17th. Stockholders of record on Friday, November 21st will be issued a dividend of $0.37 per share. The ex-dividend date is 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 (DPR) is currently 22.11%.

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.