Crh Plc $CRH Shares Bought by Cerity Partners LLC

Cerity Partners LLC grew its holdings in Crh Plc (NYSE:CRH) by 41.0% during the 3rd quarter, Holdings Channel reports. The firm owned 204,735 shares of the construction company’s stock after buying an additional 59,537 shares during the period. Cerity Partners LLC’s holdings in CRH were worth $24,548,000 at the end of the most recent reporting period.

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

Analyst Upgrades and Downgrades

Several research firms have issued reports on CRH. Royal Bank Of Canada decreased their price target on shares of CRH from $152.00 to $150.00 and set an “outperform” rating on the stock in a research note on Friday, November 7th. Morgan Stanley raised their target price on shares of CRH from $131.00 to $140.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 10th. Wells Fargo & Company cut their price target on CRH from $135.00 to $133.00 and set an “overweight” rating for the company in a report on Friday, November 7th. JPMorgan Chase & Co. raised their price objective on CRH from $130.00 to $135.00 and gave the stock an “overweight” rating in a report on Tuesday, November 11th. Finally, Bank of America initiated coverage on CRH in a research report on Friday, September 26th. They issued a “buy” rating and a $128.00 price objective for the company. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $135.87.

CRH Price Performance

CRH stock opened at $131.37 on Friday. The company has a market cap of $88.05 billion, a price-to-earnings ratio of 26.17, a price-to-earnings-growth ratio of 1.83 and a beta of 1.34. Crh Plc has a 12 month low of $76.75 and a 12 month high of $131.55. The stock’s 50-day moving average is $120.76 and its 200-day moving average is $112.38.

CRH (NYSE:CRH) last released its quarterly earnings data 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. CRH had a net margin of 9.30% and a return on equity of 16.25%. The company had revenue of $11.07 billion during the quarter, compared to the consensus estimate of $10.15 billion. During the same period in the previous year, the firm earned $1.97 earnings per share. CRH’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. Research analysts anticipate that Crh Plc will post 5.47 EPS for the current year.

CRH Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 17th. Shareholders of record on Friday, November 21st were given a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend was Friday, November 21st. CRH’s dividend payout ratio is presently 22.11%.

CRH Company Profile

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.