Crh Plc $CRH Shares Purchased by Mirabaud Asset Management Ltd

Mirabaud Asset Management Ltd raised its stake in shares of Crh Plc (NYSE:CRH) by 8.3% during the 2nd quarter, HoldingsChannel reports. The firm owned 95,765 shares of the construction company’s stock after purchasing an additional 7,309 shares during the quarter. CRH comprises 4.1% of Mirabaud Asset Management Ltd’s holdings, making the stock its 10th biggest position. Mirabaud Asset Management Ltd’s holdings in CRH were worth $8,764,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of CRH. Sound View Wealth Advisors Group LLC boosted its holdings in shares of CRH by 3.7% during the 2nd quarter. Sound View Wealth Advisors Group LLC now owns 2,982 shares of the construction company’s stock worth $274,000 after buying an additional 107 shares during the period. Campbell & CO Investment Adviser LLC lifted its position in CRH by 21.8% during the 2nd quarter. Campbell & CO Investment Adviser LLC now owns 14,567 shares of the construction company’s stock worth $1,338,000 after acquiring an additional 2,609 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in CRH by 596.5% during the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 46,340 shares of the construction company’s stock valued at $4,254,000 after acquiring an additional 39,687 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in shares of CRH by 8.3% in the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 597,764 shares of the construction company’s stock valued at $54,875,000 after purchasing an additional 45,768 shares during the last quarter. Finally, Fox Run Management L.L.C. bought a new position in shares of CRH in the second quarter worth about $1,180,000. 62.50% of the stock is currently owned by institutional investors and hedge funds.

CRH Trading Down 1.5%

Shares of NYSE CRH opened at $113.01 on Friday. The business has a fifty day simple moving average of $115.75 and a 200 day simple moving average of $103.73. The firm has a market capitalization of $76.02 billion, a price-to-earnings ratio of 23.64, a PEG ratio of 1.68 and a beta of 1.32. Crh Plc has a one year low of $76.75 and a one year high of $121.99.

CRH (NYSE:CRH) last posted its quarterly earnings results on Wednesday, November 5th. The construction company reported $2.21 earnings per share for the quarter, topping analysts’ consensus estimates of $1.94 by $0.27. The firm had revenue of $11.07 billion for the quarter, compared to the consensus estimate of $10.15 billion. CRH had a net margin of 9.09% and a return on equity of 15.68%. The business’s revenue was up 5.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.97 earnings per share. CRH has set its FY 2025 guidance at 5.490-5.720 EPS. On average, research analysts anticipate that Crh Plc will post 5.47 earnings per share for the current fiscal year.

CRH Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 17th. Stockholders of record on Friday, November 21st will be given a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 1.3%. The ex-dividend date is Friday, November 21st. CRH’s payout ratio is 22.11%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on CRH shares. JPMorgan Chase & Co. started coverage on CRH in a research note on Friday, October 24th. They set an “overweight” rating for the company. UBS Group began coverage on CRH in a research report on Tuesday, October 14th. They issued a “buy” rating and a $138.00 price objective for the company. Jefferies Financial Group raised shares of CRH to a “strong-buy” rating in a research report on Monday, September 22nd. Royal Bank Of Canada cut their target price on shares of CRH from $152.00 to $150.00 and set an “outperform” rating for the company in a research note on Friday. Finally, Bank of America began coverage on shares of CRH in a report on Friday, September 26th. They issued a “buy” rating and a $128.00 price target for the company. Three research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Buy” and a consensus target price of $127.43.

About CRH

CRH plc, together with its subsidiaries, provides building materials solutions in Ireland and internationally. It operates through four segments: Americas Materials Solutions, Americas Building Solutions, Europe Materials Solutions, and Europe Building Solutions. The company provides solutions for the construction and maintenance of public infrastructure and commercial and residential buildings; and produces and sells aggregates, cement, readymixed concrete, and asphalt, as well as provides paving and construction services.