Neuberger Berman Group LLC Sells 100,145 Shares of Crh Plc $CRH

Neuberger Berman Group LLC lessened its position in shares of Crh Plc (NYSE:CRH) by 5.4% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,758,923 shares of the construction company’s stock after selling 100,145 shares during the quarter. Neuberger Berman Group LLC owned about 0.26% of CRH worth $161,470,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in CRH by 62.8% in the first quarter. Vanguard Group Inc. now owns 63,755,468 shares of the construction company’s stock worth $5,608,567,000 after purchasing an additional 24,591,538 shares during the last quarter. Norges Bank bought a new position in CRH in the 2nd quarter valued at $1,007,932,000. Nuveen LLC purchased a new position in CRH in the 1st quarter worth about $597,888,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of CRH by 58,695.3% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,830,994 shares of the construction company’s stock valued at $249,043,000 after acquiring an additional 2,826,179 shares in the last quarter. Finally, Eleva Capital SAS purchased a new stake in shares of CRH in the 2nd quarter worth $250,562,000. Institutional investors own 62.50% of the company’s stock.

Analyst Ratings Changes

CRH has been the topic of several research reports. Bank of America assumed coverage on shares of CRH in a report on Friday, September 26th. They set a “buy” rating and a $128.00 price objective on the stock. DA Davidson lifted their target price on CRH from $110.00 to $116.00 and gave the company a “neutral” rating in a research note on Wednesday, November 12th. Royal Bank Of Canada decreased their price target on shares of CRH from $152.00 to $150.00 and set an “outperform” rating for the company in a research report on Friday, November 7th. Barclays raised their price target on shares of CRH from $110.00 to $131.00 and gave the company an “overweight” rating in a report on Monday, October 20th. Finally, Truist Financial boosted their price objective on shares of CRH from $125.00 to $140.00 and gave the stock a “buy” rating in a research note on Thursday, October 2nd. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, CRH presently has an average rating of “Buy” and a consensus price target of $129.54.

CRH Stock Performance

NYSE CRH opened at $119.79 on Friday. Crh Plc has a fifty-two week low of $76.75 and a fifty-two week high of $121.99. The firm has a market capitalization of $80.29 billion, a P/E ratio of 25.06, a PEG ratio of 1.68 and a beta of 1.32. The stock has a 50-day simple moving average of $115.86 and a two-hundred day simple moving average of $105.48.

CRH (NYSE:CRH) last posted its earnings results 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 net margin of 9.09% and a return on equity of 15.68%. The firm had revenue of $11.07 billion during the quarter, compared to analyst estimates of $10.15 billion. During the same period in the previous year, the firm earned $1.97 EPS. The business’s quarterly revenue was up 5.3% on a year-over-year basis. CRH has set its FY 2025 guidance at 5.490-5.720 EPS. As a group, analysts forecast that Crh Plc will post 5.47 earnings per share for the current year.

CRH Announces Dividend

The firm also recently declared 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 dividend yield of 1.2%. The ex-dividend date is Friday, November 21st. CRH’s payout ratio is currently 22.11%.

CRH Company Profile

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.