EverSource Wealth Advisors LLC Raises Holdings in Crh Plc $CRH

EverSource Wealth Advisors LLC increased its stake in shares of Crh Plc (NYSE:CRH) by 8.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 126,678 shares of the construction company’s stock after acquiring an additional 9,829 shares during the period. EverSource Wealth Advisors LLC’s holdings in CRH were worth $11,629,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of CRH. Mission Wealth Management LP boosted its position in CRH by 1.1% in the 2nd quarter. Mission Wealth Management LP now owns 9,548 shares of the construction company’s stock worth $877,000 after purchasing an additional 107 shares in the last quarter. Sound View Wealth Advisors Group LLC boosted its holdings in CRH by 3.7% during the second quarter. Sound View Wealth Advisors Group LLC now owns 2,982 shares of the construction company’s stock worth $274,000 after buying 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 valued at $29,000 after buying an additional 115 shares during the period. Callan Family Office LLC grew its position 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 increased its holdings in CRH by 9.2% in the second quarter. LRI Investments LLC now owns 1,669 shares of the construction company’s stock valued at $153,000 after buying an additional 140 shares in the last quarter. 62.50% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

CRH has been the topic of several recent analyst reports. Morgan Stanley set a $134.00 target price on shares of CRH in a research note on Thursday, October 9th. Barclays increased their price target on CRH from $110.00 to $131.00 and gave the stock an “overweight” rating in a research report on Monday, October 20th. Bank of America initiated coverage on CRH in a report on Friday, September 26th. They issued a “buy” rating and a $128.00 price objective on the stock. Jefferies Financial Group reaffirmed a “buy” rating on shares of CRH in a research note on Monday. Finally, UBS Group assumed coverage on shares of CRH in a research note on Tuesday, October 14th. They issued a “buy” rating and a $138.00 price target on the stock. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $129.54.

CRH Price Performance

Shares of CRH stock opened at $121.50 on Thursday. The stock has a market capitalization of $81.44 billion, a P/E ratio of 24.20, a PEG ratio of 1.89 and a beta of 1.35. The business has a 50 day simple moving average of $116.38 and a two-hundred day simple moving average of $106.13. Crh Plc has a 12 month low of $76.75 and a 12 month 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 return on equity of 16.25% and a net margin of 9.30%.The firm had revenue of $11.07 billion during 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. The firm’s revenue for the quarter was up 5.3% on a year-over-year basis. CRH has set its FY 2025 guidance at 5.490-5.720 EPS. As a group, research analysts anticipate that Crh Plc will post 5.47 EPS for the current fiscal year.

CRH Announces Dividend

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