AustralianSuper Pty Ltd Purchases 359,403 Shares of Crh Plc $CRH

AustralianSuper Pty Ltd raised its stake in shares of Crh Plc (NYSE:CRH) by 791.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 404,822 shares of the construction company’s stock after purchasing an additional 359,403 shares during the period. AustralianSuper Pty Ltd’s holdings in CRH were worth $48,538,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of CRH. Vanguard Group Inc. boosted its stake in CRH by 1.0% during the second 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 raised its position in CRH by 24.3% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 12,803,346 shares of the construction company’s stock worth $1,175,347,000 after purchasing an additional 2,499,558 shares during the period. Norges Bank bought a new stake in CRH in the second quarter worth about $1,007,932,000. Bank of New York Mellon Corp boosted its position in shares of CRH by 6.6% during the third quarter. Bank of New York Mellon Corp now owns 9,788,282 shares of the construction company’s stock valued at $1,173,615,000 after buying an additional 603,082 shares during the period. Finally, Boston Partners grew 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 buying an additional 832,027 shares during the last quarter. Hedge funds and other institutional investors own 62.50% of the company’s stock.

CRH Trading Down 1.0%

CRH opened at $122.45 on Thursday. The stock has a fifty day moving average price of $123.54 and a 200-day moving average price of $115.26. Crh Plc has a 12 month low of $76.75 and a 12 month high of $131.55. The firm has a market cap of $82.07 billion, a price-to-earnings ratio of 24.39, a PEG ratio of 1.81 and a beta of 1.34.

CRH (NYSE:CRH) last posted its earnings results on Wednesday, November 5th. The construction company reported $2.21 EPS for the quarter, beating 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 company had revenue of $11.07 billion during the quarter, compared to analysts’ expectations of $10.15 billion. During the same quarter in the prior year, the company posted $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 forecast that Crh Plc will post 5.47 EPS for the current year.

CRH Announces Dividend

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

Analysts Set New Price Targets

CRH has been the subject of a number of recent analyst reports. Wells Fargo & Company restated an “equal weight” rating and set a $138.00 price objective (up previously from $133.00) on shares of CRH in a report on Tuesday, January 13th. Royal Bank Of Canada decreased their target price on CRH from $152.00 to $150.00 and set an “outperform” rating for the company in a research report on Friday, November 7th. JPMorgan Chase & Co. upped their price target on shares of CRH from $130.00 to $135.00 and gave the stock an “overweight” rating in a report on Tuesday, November 11th. Exane BNP Paribas raised shares of CRH to a “strong-buy” rating in a research note on Friday, January 23rd. Finally, UBS Group boosted their price objective on shares of CRH from $138.00 to $147.00 and gave the company a “buy” rating in a research report on Thursday, January 8th. Two analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $136.20.

CRH 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.