Crh Plc $CRH Shares Sold by Hodges Capital Management Inc.

Hodges Capital Management Inc. reduced its position in Crh Plc (NYSE:CRH) by 28.9% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 35,320 shares of the construction company’s stock after selling 14,335 shares during the period. Hodges Capital Management Inc.’s holdings in CRH were worth $3,242,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Vise Technologies Inc. acquired a new stake in shares of CRH in the second quarter valued at approximately $1,687,000. Bornite Capital Management LP purchased a new stake in CRH in the 2nd quarter valued at $33,149,000. PFG Advisors boosted its stake in CRH by 36.7% during the 2nd quarter. PFG Advisors now owns 29,845 shares of the construction company’s stock worth $2,740,000 after purchasing an additional 8,017 shares during the period. Midwest Trust Co purchased a new position in CRH during the 2nd quarter worth $419,000. Finally, Mirabaud Asset Management Ltd grew its position in CRH by 8.3% during the 2nd quarter. Mirabaud Asset Management Ltd now owns 95,765 shares of the construction company’s stock worth $8,764,000 after purchasing an additional 7,309 shares during the last quarter. Hedge funds and other institutional investors own 62.50% of the company’s stock.

CRH Stock Down 1.5%

CRH opened at $113.01 on Monday. The firm has a market cap of $76.02 billion, a P/E ratio of 23.64, a PEG ratio of 1.68 and a beta of 1.32. The business’s fifty day simple moving average is $115.75 and its 200 day simple moving average is $103.85. Crh Plc has a 52 week low of $76.75 and a 52 week high of $121.99.

CRH (NYSE:CRH) last issued its quarterly 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 net margin of 9.09% and a return on equity of 15.68%. The business had revenue of $11.07 billion during the quarter, compared to the consensus estimate of $10.15 billion. During the same period in the previous year, the firm posted $1.97 earnings per share. The company’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. As a group, equities analysts expect that Crh Plc will post 5.47 EPS for the current fiscal year.

CRH Announces Dividend

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

Analyst Ratings Changes

A number of analysts have weighed in on the company. Wells Fargo & Company decreased their price objective on CRH from $135.00 to $133.00 and set an “overweight” rating for the company in a research report on Friday. Weiss Ratings restated a “buy (b)” rating on shares of CRH in a research note on Wednesday, October 8th. Bank of America began coverage on CRH in a report on Friday, September 26th. They set a “buy” rating and a $128.00 price target for the company. Jefferies Financial Group raised shares of CRH to a “strong-buy” rating in a research note on Monday, September 22nd. Finally, Vertical Research upgraded shares of CRH to a “strong-buy” rating in a research report on Friday, August 1st. Three equities research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average 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.