Crh Plc $CRH Stock Position Boosted by Exane Asset Management

Exane Asset Management boosted its holdings in Crh Plc (NYSE:CRH) by 21.2% during the third quarter, Holdings Channel reports. The institutional investor owned 663,774 shares of the construction company’s stock after buying an additional 116,178 shares during the period. CRH makes up 29.0% of Exane Asset Management’s portfolio, making the stock its biggest holding. Exane Asset Management’s holdings in CRH were worth $80,735,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. NewEdge Advisors LLC grew its holdings in CRH by 158.5% in the first quarter. NewEdge Advisors LLC now owns 8,670 shares of the construction company’s stock valued at $763,000 after purchasing an additional 5,316 shares during the period. Empowered Funds LLC boosted its holdings in shares of CRH by 5.3% in the 1st quarter. Empowered Funds LLC now owns 13,178 shares of the construction company’s stock valued at $1,159,000 after purchasing an additional 658 shares during the last quarter. Sivia Capital Partners LLC increased its holdings in shares of CRH by 58.5% during the 2nd quarter. Sivia Capital Partners LLC now owns 4,279 shares of the construction company’s stock worth $393,000 after buying an additional 1,579 shares during the last quarter. Asio Capital LLC raised its position in shares of CRH by 2.9% in the 2nd quarter. Asio Capital LLC now owns 60,546 shares of the construction company’s stock worth $5,558,000 after buying an additional 1,704 shares during the period. Finally, Park Place Capital Corp raised its position in shares of CRH by 59.9% in the 2nd quarter. Park Place Capital Corp now owns 307 shares of the construction company’s stock worth $29,000 after buying an additional 115 shares during the period. Institutional investors and hedge funds own 62.50% of the company’s stock.

CRH Stock Performance

NYSE:CRH opened at $123.72 on Wednesday. The company has a market capitalization of $82.92 billion, a price-to-earnings ratio of 24.64, a price-to-earnings-growth ratio of 1.80 and a beta of 1.34. Crh Plc has a one year low of $76.75 and a one year high of $131.55. The stock has a 50-day simple moving average of $123.30 and a 200 day simple moving average of $115.21.

CRH (NYSE:CRH) last released its 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 return on equity of 16.25% and a net margin of 9.30%.The company had revenue of $11.07 billion for the quarter, compared to the consensus estimate of $10.15 billion. During the same quarter last year, the business posted $1.97 EPS. CRH’s quarterly 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 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 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 was Friday, November 21st. This represents a $1.48 annualized dividend and a yield of 1.2%. CRH’s payout ratio is presently 22.11%.

Analysts Set New Price Targets

CRH has been the topic of a number of research reports. UBS Group raised their price objective on CRH from $138.00 to $147.00 and gave the stock a “buy” rating in a report on Thursday, January 8th. Barclays boosted their price target on CRH from $110.00 to $131.00 and gave the stock an “overweight” rating in a research report on Monday, October 20th. Royal Bank Of Canada lowered their price target on shares of CRH from $152.00 to $150.00 and set an “outperform” rating for the company in a report on Friday, November 7th. Morgan Stanley raised their target price on CRH from $131.00 to $140.00 and gave the company an “overweight” rating in a research note on Wednesday, December 10th. Finally, JPMorgan Chase & Co. boosted their price target on CRH from $130.00 to $135.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 11th. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, CRH has a consensus rating of “Moderate Buy” and a consensus target price of $136.20.

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.