Federated Hermes Inc. Trims Stock Position in Crh Plc $CRH

Federated Hermes Inc. lowered its position in Crh Plc (NYSE:CRH) by 40.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 607,032 shares of the construction company’s stock after selling 412,546 shares during the quarter. Federated Hermes Inc. owned approximately 0.09% of CRH worth $55,726,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. PNC Financial Services Group Inc. grew its position in shares of CRH by 7.5% during the 1st quarter. PNC Financial Services Group Inc. now owns 11,826 shares of the construction company’s stock worth $1,040,000 after buying an additional 824 shares in the last quarter. Citigroup Inc. grew its holdings in CRH by 35.0% during the 1st quarter. Citigroup Inc. now owns 568,882 shares of the construction company’s stock worth $50,045,000 after acquiring an additional 147,525 shares in the last quarter. Townsquare Capital LLC grew its holdings in CRH by 28.2% during the 1st quarter. Townsquare Capital LLC now owns 38,212 shares of the construction company’s stock worth $3,362,000 after acquiring an additional 8,413 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its position in CRH by 35.3% during the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 6,653 shares of the construction company’s stock valued at $585,000 after purchasing an additional 1,737 shares during the period. Finally, Benjamin Edwards Inc. raised its holdings in shares of CRH by 16.2% in the 1st quarter. Benjamin Edwards Inc. now owns 22,212 shares of the construction company’s stock valued at $1,954,000 after purchasing an additional 3,093 shares in the last quarter. 62.50% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on CRH. JPMorgan Chase & Co. increased their price objective on shares of CRH from $130.00 to $135.00 and gave the company an “overweight” rating in a research note on Tuesday, November 11th. Wells Fargo & Company dropped their target price on CRH from $135.00 to $133.00 and set an “overweight” rating on the stock in a research report on Friday, November 7th. Morgan Stanley set a $134.00 price target on CRH in a report on Thursday, October 9th. Jefferies Financial Group restated a “buy” rating on shares of CRH in a research note on Monday, December 1st. Finally, Truist Financial raised their price objective on CRH from $125.00 to $140.00 and gave the company a “buy” rating in a research report on Thursday, October 2nd. 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’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $130.21.

CRH Price Performance

CRH stock opened at $126.66 on Tuesday. Crh Plc has a 1-year low of $76.75 and a 1-year high of $127.10. The business has a fifty day moving average price of $116.93 and a 200-day moving average price of $106.75. The stock has a market capitalization of $84.89 billion, a price-to-earnings ratio of 25.23, a PEG ratio of 1.88 and a beta of 1.34.

CRH (NYSE:CRH) last released its quarterly earnings results on Wednesday, November 5th. The construction company reported $2.21 EPS for the quarter, beating analysts’ consensus estimates of $1.94 by $0.27. CRH had a return on equity of 16.25% and a net margin of 9.30%.The company had revenue of $11.07 billion during the quarter, compared to analysts’ expectations of $10.15 billion. During the same period last year, the business posted $1.97 earnings per share. The firm’s revenue 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, equities research analysts anticipate that Crh Plc will post 5.47 earnings per share for the current fiscal year.

CRH Dividend Announcement

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