Cerity Partners LLC Trims Stock Holdings in Crh Plc $CRH

Cerity Partners LLC decreased its holdings in shares of Crh Plc (NYSE:CRH) by 15.9% during the second quarter, HoldingsChannel reports. The fund owned 145,198 shares of the construction company’s stock after selling 27,421 shares during the quarter. Cerity Partners LLC’s holdings in CRH were worth $13,329,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently made changes to their positions in the stock. Mission Wealth Management LP raised its stake in shares of 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 boosted its stake in 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 grew its holdings in CRH by 59.9% during the 2nd 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 in the last quarter. Callan Family Office LLC increased its position in shares of 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 lifted its holdings in shares of 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 owned by institutional investors.

CRH Trading Up 1.2%

Shares of NYSE CRH opened at $125.21 on Thursday. The stock’s 50-day moving average is $117.11 and its 200 day moving average is $107.09. The stock has a market cap of $83.92 billion, a price-to-earnings ratio of 24.94, a P/E/G ratio of 2.00 and a beta of 1.35. Crh Plc has a 1-year low of $76.75 and a 1-year high of $127.10.

CRH (NYSE:CRH) last issued its earnings results on Wednesday, November 5th. The construction company reported $2.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.94 by $0.27. The business had revenue of $11.07 billion during the quarter, compared to analyst estimates of $10.15 billion. CRH had a return on equity of 16.25% and a net margin of 9.30%.CRH’s revenue for the quarter was up 5.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.97 earnings per share. CRH has set its FY 2025 guidance at 5.490-5.720 EPS. On average, analysts forecast that Crh Plc will post 5.47 EPS for the current fiscal year.

CRH Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 17th. Investors of record on Friday, November 21st will be issued 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 1.2%. CRH’s dividend payout ratio (DPR) is currently 22.11%.

Analyst Upgrades and Downgrades

Several brokerages recently commented on CRH. Royal Bank Of Canada reduced their price objective on shares of CRH from $152.00 to $150.00 and set an “outperform” rating for the company in a research note on Friday, November 7th. Bank of America initiated coverage on shares of CRH in a report on Friday, September 26th. They issued a “buy” rating and a $128.00 price target for the company. Morgan Stanley upped their price target on shares of CRH from $131.00 to $140.00 and gave the stock an “overweight” rating in a report on Wednesday. DA Davidson increased their price objective on CRH from $110.00 to $116.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 12th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of CRH in a research report on Monday. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, CRH has a consensus rating of “Moderate Buy” and an average target price of $130.64.

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.