New York State Common Retirement Fund Has $64.57 Million Stock Position in Crh Plc $CRH

New York State Common Retirement Fund cut its stake in shares of Crh Plc (NYSE:CRH) by 1.4% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 703,381 shares of the construction company’s stock after selling 10,000 shares during the period. New York State Common Retirement Fund owned 0.10% of CRH worth $64,570,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the stock. Vanguard Group Inc. boosted its holdings in shares of CRH by 1.0% in the 2nd quarter. Vanguard Group Inc. now owns 64,405,066 shares of the construction company’s stock valued at $5,912,385,000 after buying an additional 649,598 shares during the last quarter. Massachusetts Financial Services Co. MA raised its position in CRH by 24.3% during the second quarter. Massachusetts Financial Services Co. MA now owns 12,803,346 shares of the construction company’s stock worth $1,175,347,000 after acquiring an additional 2,499,558 shares in the last quarter. Norges Bank bought a new stake in CRH during the second quarter worth $1,007,932,000. Boston Partners lifted its stake in CRH by 9.4% in the second quarter. Boston Partners now owns 9,654,828 shares of the construction company’s stock valued at $888,810,000 after acquiring an additional 832,027 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its position in shares of CRH by 4.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 9,185,200 shares of the construction company’s stock valued at $843,201,000 after acquiring an additional 354,711 shares during the period. 62.50% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Bank of America started coverage on shares of CRH in a report on Friday, September 26th. They issued a “buy” rating and a $128.00 target price on the stock. DA Davidson upped their price objective on CRH from $110.00 to $116.00 and gave the company a “neutral” rating in a research note on Wednesday, November 12th. Sanford C. Bernstein raised their price objective on CRH from $115.00 to $130.00 and gave the company an “outperform” rating in a research report on Thursday, September 11th. Barclays lifted their target price on CRH from $110.00 to $131.00 and gave the stock an “overweight” rating in a research note on Monday, October 20th. Finally, UBS Group initiated coverage on CRH in a research note on Tuesday, October 14th. They issued a “buy” rating and a $138.00 price target on the stock. Two analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, CRH currently has a consensus rating of “Buy” and an average price target of $129.54.

CRH Stock Up 0.3%

NYSE CRH opened at $119.96 on Friday. The firm has a 50-day moving average price of $116.00 and a two-hundred day moving average price of $105.68. Crh Plc has a 12-month low of $76.75 and a 12-month high of $121.99. The company has a market capitalization of $80.41 billion, a P/E ratio of 25.10, a P/E/G ratio of 1.68 and a beta of 1.32.

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

CRH Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 17th. Investors of record on Friday, November 21st will be given a $0.37 dividend. The ex-dividend date is Friday, November 21st. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.2%. CRH’s dividend payout ratio (DPR) is presently 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.