Crh Plc $CRH Position Increased by Vanguard Personalized Indexing Management LLC

Vanguard Personalized Indexing Management LLC lifted its holdings in Crh Plc (NYSE:CRH) by 10.1% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 72,998 shares of the construction company’s stock after buying an additional 6,714 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in CRH were worth $8,753,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in shares of CRH by 1.0% during the second quarter. Vanguard Group Inc. now owns 64,405,066 shares of the construction company’s stock valued at $5,912,385,000 after acquiring an additional 649,598 shares during the period. Massachusetts Financial Services Co. MA boosted its stake in CRH by 24.3% during the second quarter. Massachusetts Financial Services Co. MA now owns 12,803,346 shares of the construction company’s stock valued at $1,175,347,000 after buying an additional 2,499,558 shares in the last quarter. Norges Bank acquired a new position in CRH in the second quarter worth approximately $1,007,932,000. Boston Partners increased its holdings in shares of CRH by 9.4% in 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 in the last quarter. Finally, Bank of New York Mellon Corp lifted its position in shares of 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 valued at $843,201,000 after acquiring an additional 354,711 shares during the last quarter. Institutional investors own 62.50% of the company’s stock.

Analyst Upgrades and Downgrades

CRH has been the subject of several analyst reports. Morgan Stanley upped their target price on CRH from $131.00 to $140.00 and gave the company an “overweight” rating in a report on Wednesday, December 10th. Truist Financial raised their target price on shares of CRH from $125.00 to $140.00 and gave the stock a “buy” rating in a report on Thursday, October 2nd. Royal Bank Of Canada cut their price target on shares of CRH from $152.00 to $150.00 and set an “outperform” rating on the stock in a report on Friday, November 7th. Barclays lifted their price objective on shares of CRH from $110.00 to $131.00 and gave the stock an “overweight” rating in a research report on Monday, October 20th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of CRH in a research report on Monday, December 22nd. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, CRH has a consensus rating of “Moderate Buy” and a consensus price target of $136.20.

CRH Stock Down 0.1%

Shares of CRH stock opened at $122.74 on Tuesday. The stock has a 50 day moving average of $123.00 and a 200-day moving average of $115.01. The firm has a market cap of $82.27 billion, a PE ratio of 24.45, a price-to-earnings-growth ratio of 1.80 and a beta of 1.34. Crh Plc has a 12 month low of $76.75 and a 12 month high of $131.55.

CRH (NYSE:CRH) last released its earnings results on Wednesday, November 5th. The construction company reported $2.21 EPS for the quarter, beating the consensus estimate of $1.94 by $0.27. The firm 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 quarterly revenue was up 5.3% compared to the same quarter last year. During the same period in the prior year, the company earned $1.97 EPS. CRH has set its FY 2025 guidance at 5.490-5.720 EPS. As a group, equities analysts predict 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. Investors of record on Friday, November 21st were paid a $0.37 dividend. 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 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.