Outlook Wealth Advisors LLC Invests $867,000 in Crh Plc $CRH

Outlook Wealth Advisors LLC acquired a new position in Crh Plc (NYSE:CRH) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 7,234 shares of the construction company’s stock, valued at approximately $867,000.

Other large investors have also recently bought and sold shares of the company. Park Avenue Securities LLC acquired a new position in CRH in the 3rd quarter worth approximately $4,491,000. Ninety One UK Ltd lifted its holdings in shares of CRH by 13.1% in the second quarter. Ninety One UK Ltd now owns 3,143,490 shares of the construction company’s stock valued at $288,572,000 after purchasing an additional 364,319 shares in the last quarter. StoneX Group Inc. acquired a new stake in shares of CRH in the second quarter worth $1,472,000. Advanced Portfolio Management LLC acquired a new stake in shares of CRH in the second quarter worth $1,148,000. Finally, California Public Employees Retirement System grew its holdings in shares of CRH by 3.3% during the second quarter. California Public Employees Retirement System now owns 1,173,172 shares of the construction company’s stock valued at $107,697,000 after buying an additional 37,949 shares in the last quarter. Institutional investors and hedge funds own 62.50% of the company’s stock.

CRH Stock Performance

CRH stock opened at $120.97 on Thursday. Crh Plc has a 52 week low of $76.75 and a 52 week high of $131.55. The firm has a market capitalization of $81.08 billion, a PE ratio of 24.10, a PEG ratio of 1.77 and a beta of 1.34. The business’s 50-day simple moving average is $122.20 and its 200-day simple moving average is $114.28.

CRH (NYSE:CRH) last released its earnings results on Wednesday, November 5th. The construction company reported $2.21 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $11.07 billion for the quarter, compared to analyst estimates of $10.15 billion. During the same quarter last year, the firm posted $1.97 EPS. The company’s revenue 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 forecast that Crh Plc will post 5.47 earnings per share for the current year.

CRH Announces Dividend

The business also recently announced 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 payout ratio is 22.11%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on CRH shares. Weiss Ratings restated a “buy (b-)” rating on shares of CRH in a research report on Monday, December 22nd. Morgan Stanley raised their price target on shares of CRH from $131.00 to $140.00 and gave the stock an “overweight” rating in a report on Wednesday, December 10th. Wells Fargo & Company reiterated an “equal weight” rating and issued a $138.00 price objective (up previously from $133.00) on shares of CRH in a research note on Tuesday, January 13th. Citigroup increased their target price on shares of CRH from $142.00 to $155.00 and gave the stock a “buy” rating in a research report on Thursday, January 8th. Finally, Barclays boosted their price target on shares of CRH from $110.00 to $131.00 and gave the company an “overweight” rating in a report on Monday, October 20th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $136.20.

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.