Crh Plc $CRH Shares Sold by Panagora Asset Management Inc.

Panagora Asset Management Inc. lessened its stake in shares of Crh Plc (NYSE:CRH) by 51.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 282,618 shares of the construction company’s stock after selling 296,252 shares during the quarter. Panagora Asset Management Inc.’s holdings in CRH were worth $25,944,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the company. LPL Financial LLC boosted its stake in shares of CRH by 19.6% during the 1st quarter. LPL Financial LLC now owns 199,756 shares of the construction company’s stock worth $17,573,000 after purchasing an additional 32,681 shares during the last quarter. US Bancorp DE lifted its stake in shares of CRH by 1.7% during the first quarter. US Bancorp DE now owns 84,948 shares of the construction company’s stock valued at $7,473,000 after buying an additional 1,384 shares during the period. Commerce Bank acquired a new stake in CRH during the first quarter worth approximately $284,000. PNC Financial Services Group Inc. grew its stake in CRH by 7.5% in the 1st quarter. PNC Financial Services Group Inc. now owns 11,826 shares of the construction company’s stock worth $1,040,000 after acquiring an additional 824 shares during the period. Finally, Scotia Capital Inc. grew its stake in CRH by 8.5% in the 1st quarter. Scotia Capital Inc. now owns 67,941 shares of the construction company’s stock worth $5,977,000 after acquiring an additional 5,320 shares during the period. Institutional investors and hedge funds own 62.50% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on CRH shares. Wells Fargo & Company reduced their price target on CRH from $135.00 to $133.00 and set an “overweight” rating on the stock in a research note on Friday, November 7th. Morgan Stanley set a $134.00 target price on CRH in a research report on Thursday, October 9th. Truist Financial lifted their price target on CRH from $125.00 to $140.00 and gave the company a “buy” rating in a report on Thursday, October 2nd. JPMorgan Chase & Co. upped their price objective on shares of CRH from $130.00 to $135.00 and gave the company an “overweight” rating in a research note on Tuesday, November 11th. Finally, Royal Bank Of Canada decreased their target price on shares of CRH from $152.00 to $150.00 and set an “outperform” rating on the stock in a research report on Friday, November 7th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $129.54.

CRH Price Performance

Shares of NYSE:CRH opened at $119.71 on Tuesday. The firm has a market capitalization of $80.24 billion, a PE ratio of 25.04, a P/E/G ratio of 1.68 and a beta of 1.32. The business has a 50-day moving average of $116.10 and a two-hundred day moving average of $105.89. Crh Plc has a 12 month low of $76.75 and a 12 month high of $121.99.

CRH (NYSE:CRH) last released its quarterly earnings data on Wednesday, November 5th. The construction company reported $2.21 earnings per share for the quarter, beating the consensus estimate of $1.94 by $0.27. CRH had a return on equity of 15.68% and a net margin of 9.09%.The business had revenue of $11.07 billion for the quarter, compared to analyst estimates of $10.15 billion. During the same period in the previous year, the company posted $1.97 EPS. The company’s 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, research analysts anticipate that Crh Plc will post 5.47 earnings per share for the current year.

CRH Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 17th. Shareholders of record on Friday, November 21st will be paid a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 1.2%. The ex-dividend date is Friday, November 21st. CRH’s payout ratio is currently 22.11%.

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.