Diversified Trust Co Raises Stock Holdings in Crh Plc $CRH

Diversified Trust Co raised its position in shares of Crh Plc (NYSE:CRH) by 38.5% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 18,374 shares of the construction company’s stock after purchasing an additional 5,108 shares during the quarter. Diversified Trust Co’s holdings in CRH were worth $2,203,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. increased its holdings in CRH by 1.0% in the 2nd quarter. Vanguard Group Inc. now owns 64,405,066 shares of the construction company’s stock worth $5,912,385,000 after buying an additional 649,598 shares during the period. Massachusetts Financial Services Co. MA increased its stake in shares of CRH by 24.3% in the second quarter. Massachusetts Financial Services Co. MA now owns 12,803,346 shares of the construction company’s stock worth $1,175,347,000 after acquiring an additional 2,499,558 shares during the period. Norges Bank purchased a new position in shares of CRH during the second quarter worth $1,007,932,000. Boston Partners lifted its position in CRH by 9.4% during the second quarter. Boston Partners now owns 9,654,828 shares of the construction company’s stock valued at $888,810,000 after purchasing an additional 832,027 shares during the period. Finally, Bank of New York Mellon Corp boosted its holdings in CRH by 4.0% in the second quarter. Bank of New York Mellon Corp now owns 9,185,200 shares of the construction company’s stock valued at $843,201,000 after purchasing an additional 354,711 shares during the last quarter. 62.50% of the stock is currently owned by hedge funds and other institutional investors.

CRH Trading Down 1.2%

CRH stock opened at $125.80 on Wednesday. The company has a 50-day moving average price of $119.52 and a 200 day moving average price of $110.61. Crh Plc has a 12-month low of $76.75 and a 12-month high of $129.28. The stock has a market cap of $84.32 billion, a P/E ratio of 25.06, a PEG ratio of 2.06 and a beta of 1.35.

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

CRH Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 17th. Shareholders of record on Friday, November 21st were paid a dividend of $0.37 per share. The ex-dividend date of this dividend was Friday, November 21st. This represents a $1.48 annualized dividend and a yield of 1.2%. CRH’s dividend payout ratio (DPR) is 22.11%.

Analyst Ratings Changes

A number of equities analysts have weighed in on CRH shares. Jefferies Financial Group restated a “buy” rating on shares of CRH in a research report on Monday, December 1st. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of CRH in a research note on Monday, December 8th. Truist Financial lifted their price objective on CRH from $125.00 to $140.00 and gave the stock a “buy” rating in a report on Thursday, October 2nd. Longbow Research began coverage on CRH in a report on Tuesday, December 16th. They set a “buy” rating and a $160.00 target price for the company. Finally, Royal Bank Of Canada lowered their price target on CRH from $152.00 to $150.00 and set an “outperform” rating on the stock in a research note on Friday, November 7th. 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. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $132.60.

About CRH

CRH plc, originally formed as Cement Roadstone Holdings in 1970 and headquartered in Dublin, Ireland, is a global building materials group. The company has grown from its Irish roots into one of the largest international suppliers of construction materials, expanding primarily through acquisitions and regional business development. CRH operates an integrated network of manufacturing and distribution businesses that serve both public and private construction markets.

CRH’s core activities include the production and distribution of aggregates, cement, asphalt, ready-mixed concrete and other bulk materials, together with a broad range of value-added building products such as precast concrete, masonry, bricks, roofing products, pipe and drainage systems, and construction accessories.