Mediolanum International Funds Ltd Decreases Stock Holdings in Crh Plc $CRH

Mediolanum International Funds Ltd decreased its stake in shares of Crh Plc (NYSE:CRH) by 3.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 370,552 shares of the construction company’s stock after selling 12,646 shares during the period. Mediolanum International Funds Ltd owned about 0.06% of CRH worth $42,462,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the stock. Salomon & Ludwin LLC bought a new position in shares of CRH during the 3rd quarter valued at $32,000. Creekmur Asset Management LLC purchased a new stake in CRH during the second quarter valued at $27,000. Riggs Asset Managment Co. Inc. lifted its holdings in CRH by 1,835.3% in the second quarter. Riggs Asset Managment Co. Inc. now owns 329 shares of the construction company’s stock valued at $30,000 after acquiring an additional 312 shares during the period. UMB Bank n.a. boosted its position in CRH by 34.8% in the third quarter. UMB Bank n.a. now owns 356 shares of the construction company’s stock worth $43,000 after purchasing an additional 92 shares during the last quarter. Finally, Cullen Frost Bankers Inc. grew its stake in shares of CRH by 255.0% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 426 shares of the construction company’s stock valued at $39,000 after purchasing an additional 306 shares during the period. Institutional investors own 62.50% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on CRH. UBS Group increased their price objective on shares of CRH from $138.00 to $147.00 and gave the stock a “buy” rating in a research note on Thursday, January 8th. Jefferies Financial Group reiterated a “buy” rating on shares of CRH in a research report on Monday, December 1st. Weiss Ratings reissued a “buy (b-)” rating on shares of CRH in a research report on Monday, December 22nd. Barclays upped their price objective on CRH from $110.00 to $131.00 and gave the stock an “overweight” rating in a research note on Monday, October 20th. Finally, Royal Bank Of Canada lowered their target price on CRH from $152.00 to $150.00 and set an “outperform” rating on the stock in a research report on Friday, November 7th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $135.87.

CRH Stock Performance

Shares of CRH stock opened at $122.33 on Friday. Crh Plc has a fifty-two week low of $76.75 and a fifty-two week high of $131.55. The company has a market capitalization of $82.00 billion, a P/E ratio of 24.37, a P/E/G ratio of 1.81 and a beta of 1.34. The company has a fifty day moving average of $124.09 and a 200 day moving average of $115.66.

CRH (NYSE:CRH) last announced its quarterly earnings data 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 business had revenue of $11.07 billion for the quarter, compared to the consensus estimate of $10.15 billion. CRH had a return on equity of 16.25% and a net margin of 9.30%.The business’s revenue was up 5.3% on a year-over-year basis. During the same period in the previous year, the business earned $1.97 earnings per share. CRH has set its FY 2025 guidance at 5.490-5.720 EPS. Analysts forecast that Crh Plc will post 5.47 EPS for the current year.

CRH Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 17th. Investors of record on Friday, November 21st were issued 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 currently 22.11%.

About CRH

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.