Northwest & Ethical Investments L.P. Raises Holdings in Crh Plc $CRH

Northwest & Ethical Investments L.P. increased its position in shares of Crh Plc (NYSE:CRH) by 4.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 21,910 shares of the construction company’s stock after buying an additional 908 shares during the period. Northwest & Ethical Investments L.P.’s holdings in CRH were worth $1,997,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Mission Wealth Management LP increased its position in CRH by 1.1% during 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 during the period. Sound View Wealth Advisors Group LLC lifted its position in shares of CRH by 3.7% in the 2nd quarter. Sound View Wealth Advisors Group LLC now owns 2,982 shares of the construction company’s stock worth $274,000 after purchasing an additional 107 shares during the period. Park Place Capital Corp boosted its stake 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 purchasing an additional 115 shares in the last quarter. Callan Family Office LLC increased its holdings in CRH by 4.4% during 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 during the period. Finally, LRI Investments LLC raised its stake in CRH by 9.2% in the second quarter. LRI Investments LLC now owns 1,669 shares of the construction company’s stock worth $153,000 after buying an additional 140 shares in the last quarter. 62.50% of the stock is currently owned by institutional investors.

CRH Stock Performance

CRH stock opened at $119.79 on Friday. The stock has a 50-day moving average of $115.86 and a two-hundred day moving average of $105.48. Crh Plc has a one year low of $76.75 and a one year high of $121.99. The stock has a market cap of $80.29 billion, a PE ratio of 25.06, a price-to-earnings-growth ratio of 1.68 and a beta of 1.32.

CRH (NYSE:CRH) last issued its quarterly earnings results on Wednesday, November 5th. The construction company reported $2.21 earnings per share for the quarter, topping analysts’ consensus estimates of $1.94 by $0.27. The business had revenue of $11.07 billion for the quarter, compared to analyst estimates of $10.15 billion. CRH had a return on equity of 15.68% and a net margin of 9.09%.The company’s revenue was up 5.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.97 earnings per share. CRH has set its FY 2025 guidance at 5.490-5.720 EPS. As a group, sell-side analysts predict that Crh Plc will post 5.47 EPS for the current fiscal year.

CRH Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 17th. Shareholders of record on Friday, November 21st will be paid 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 yield of 1.2%. CRH’s dividend payout ratio is presently 22.11%.

Wall Street Analyst Weigh In

CRH has been the topic of several recent research reports. Royal Bank Of Canada dropped their target price on CRH from $152.00 to $150.00 and set an “outperform” rating on the stock in a research report on Friday, November 7th. Vertical Research raised CRH to a “strong-buy” rating in a research report on Friday, August 1st. JPMorgan Chase & Co. lifted their target price on CRH from $130.00 to $135.00 and gave the company an “overweight” rating in a research note on Tuesday, November 11th. Truist Financial boosted their target price on shares of CRH from $125.00 to $140.00 and gave the stock a “buy” rating in a report on Thursday, October 2nd. Finally, Barclays raised their price target on shares of CRH from $110.00 to $131.00 and gave the company an “overweight” rating in a report on Monday, October 20th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, CRH has an average rating of “Buy” and an average price target of $129.54.

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.