Mitsubishi UFJ Asset Management Co. Ltd. Grows Position in Crh Plc $CRH

Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in Crh Plc (NYSE:CRH) by 8.3% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 597,764 shares of the construction company’s stock after acquiring an additional 45,768 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in CRH were worth $54,875,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in CRH. Mission Wealth Management LP increased its holdings in shares of CRH by 1.1% in the 2nd quarter. Mission Wealth Management LP now owns 9,548 shares of the construction company’s stock valued at $877,000 after purchasing an additional 107 shares in the last quarter. Park Place Capital Corp grew its position in 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 buying an additional 115 shares during the period. Diversify Advisory Services LLC grew its position in CRH by 5.0% during the first quarter. Diversify Advisory Services LLC now owns 2,572 shares of the construction company’s stock worth $240,000 after buying an additional 123 shares during the period. Callan Family Office LLC increased its holdings in CRH by 4.4% in the first quarter. Callan Family Office LLC now owns 3,074 shares of the construction company’s stock valued at $270,000 after buying an additional 129 shares in the last quarter. Finally, LRI Investments LLC lifted its position in shares of CRH by 9.2% during the 2nd quarter. LRI Investments LLC now owns 1,669 shares of the construction company’s stock valued at $153,000 after acquiring an additional 140 shares during the period. 62.50% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on CRH. Wells Fargo & Company lowered their price target on CRH from $135.00 to $133.00 and set an “overweight” rating on the stock in a report on Friday. JPMorgan Chase & Co. assumed coverage on CRH in a research report on Friday, October 24th. They set an “overweight” rating on the stock. Royal Bank Of Canada dropped their price target on CRH from $152.00 to $150.00 and set an “outperform” rating for the company in a research report on Friday. Jefferies Financial Group raised CRH to a “strong-buy” rating in a research note on Monday, September 22nd. Finally, Sanford C. Bernstein increased 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. Three investment analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Buy” and an average price target of $127.43.

CRH Stock Down 1.5%

CRH opened at $113.01 on Monday. The firm has a market cap of $76.02 billion, a P/E ratio of 23.64, a PEG ratio of 1.68 and a beta of 1.32. Crh Plc has a 52 week low of $76.75 and a 52 week high of $121.99. The business’s fifty day simple moving average is $115.75 and its 200 day simple moving average is $103.85.

CRH (NYSE:CRH) last announced its earnings results 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 net margin of 9.09% and a return on equity of 15.68%. The firm’s revenue for the quarter was up 5.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.97 EPS. CRH has set its FY 2025 guidance at 5.490-5.720 EPS. As a group, equities analysts expect that Crh Plc will post 5.47 EPS for the current fiscal year.

CRH Dividend Announcement

The company also recently disclosed 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 dividend yield of 1.3%. CRH’s dividend payout ratio is presently 22.11%.

About CRH

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.