Gradient Investments LLC Has $1.31 Million Stake in Crh Plc $CRH

Gradient Investments LLC boosted its holdings in Crh Plc (NYSE:CRH) by 67.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,955 shares of the construction company’s stock after purchasing an additional 4,397 shares during the period. Gradient Investments LLC’s holdings in CRH were worth $1,314,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Ethic Inc. raised its holdings in CRH by 10.9% during the first quarter. Ethic Inc. now owns 6,389 shares of the construction company’s stock worth $568,000 after acquiring an additional 629 shares in the last quarter. Cresset Asset Management LLC boosted its holdings in shares of CRH by 4.6% in the 1st quarter. Cresset Asset Management LLC now owns 11,327 shares of the construction company’s stock valued at $1,000,000 after buying an additional 500 shares during the last quarter. Raymond James Financial Inc. grew its stake in shares of CRH by 18.7% in the first quarter. Raymond James Financial Inc. now owns 531,365 shares of the construction company’s stock valued at $46,744,000 after buying an additional 83,820 shares in the last quarter. Brooklyn Investment Group raised its position in CRH by 1,152.0% during the first quarter. Brooklyn Investment Group now owns 1,565 shares of the construction company’s stock worth $138,000 after acquiring an additional 1,440 shares in the last quarter. Finally, Northern Trust Corp lifted its stake in CRH by 4.4% in the first quarter. Northern Trust Corp now owns 4,329,496 shares of the construction company’s stock valued at $380,866,000 after acquiring an additional 184,380 shares during the last quarter. 62.50% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on CRH shares. Longbow Research initiated coverage on shares of CRH in a research note on Tuesday. They set a “buy” rating and a $160.00 price objective on the stock. Wells Fargo & Company cut their price objective on CRH from $135.00 to $133.00 and set an “overweight” rating for the company in a research report on Friday, November 7th. Morgan Stanley boosted their target price on CRH from $131.00 to $140.00 and gave the stock an “overweight” rating in a report on Wednesday, December 10th. JPMorgan Chase & Co. increased their price target on CRH from $130.00 to $135.00 and gave the company an “overweight” rating in a research note on Tuesday, November 11th. Finally, Barclays lifted their price objective on shares of CRH from $110.00 to $131.00 and gave the stock an “overweight” rating in a research report on Monday, October 20th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $132.60.

CRH Stock Performance

CRH opened at $123.10 on Thursday. The stock has a fifty day moving average of $117.87 and a 200-day moving average of $108.26. The company has a market capitalization of $82.51 billion, a P/E ratio of 24.52, a P/E/G ratio of 2.06 and a beta of 1.35. Crh Plc has a fifty-two week low of $76.75 and a fifty-two week high of $128.95.

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

CRH Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 17th. Investors of record on Friday, November 21st were given a dividend of $0.37 per share. The ex-dividend date of this dividend was 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 currently 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.