Northwestern Mutual Wealth Management Co. Purchases 3,262 Shares of Crh Plc $CRH

Northwestern Mutual Wealth Management Co. grew its position in Crh Plc (NYSE:CRH) by 4.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 83,351 shares of the construction company’s stock after purchasing an additional 3,262 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in CRH were worth $7,652,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Mission Wealth Management LP increased its stake in CRH by 1.1% in the 2nd quarter. Mission Wealth Management LP now owns 9,548 shares of the construction company’s stock valued at $877,000 after buying an additional 107 shares during the last quarter. Sound View Wealth Advisors Group LLC grew its holdings in shares of CRH by 3.7% in the second quarter. Sound View Wealth Advisors Group LLC now owns 2,982 shares of the construction company’s stock valued at $274,000 after acquiring an additional 107 shares in the last quarter. Park Place Capital Corp increased its position in shares of CRH by 59.9% during the second quarter. Park Place Capital Corp now owns 307 shares of the construction company’s stock valued at $29,000 after acquiring an additional 115 shares during the last quarter. Callan Family Office LLC lifted its holdings in CRH by 4.4% during the first quarter. Callan Family Office LLC now owns 3,074 shares of the construction company’s stock worth $270,000 after acquiring an additional 129 shares during the period. Finally, LRI Investments LLC boosted its position in CRH by 9.2% in the second quarter. LRI Investments LLC now owns 1,669 shares of the construction company’s stock worth $153,000 after purchasing an additional 140 shares during the last quarter. 62.50% of the stock is currently owned by hedge funds and other institutional investors.

CRH Stock Performance

NYSE:CRH opened at $119.71 on Tuesday. Crh Plc has a 52-week low of $76.75 and a 52-week high of $121.99. The firm has a market cap of $80.24 billion, a price-to-earnings ratio of 25.04, a PEG ratio of 1.68 and a beta of 1.32. The business’s fifty day moving average is $116.10 and its 200 day moving average is $105.89.

CRH (NYSE:CRH) last released its quarterly earnings results on Wednesday, November 5th. The construction company reported $2.21 EPS for the quarter, beating analysts’ consensus estimates of $1.94 by $0.27. The firm had revenue of $11.07 billion during the quarter, compared to analyst estimates 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 in the previous year, the business earned $1.97 EPS. CRH has set its FY 2025 guidance at 5.490-5.720 EPS. Equities analysts predict that Crh Plc will post 5.47 EPS for the current fiscal year.

CRH Announces Dividend

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

Analyst Upgrades and Downgrades

CRH has been the topic of a number of recent analyst reports. Jefferies Financial Group reiterated a “buy” rating on shares of CRH in a research note on Monday. Wells Fargo & Company lowered their price objective on shares of CRH from $135.00 to $133.00 and set an “overweight” rating on the stock in a research report on Friday, November 7th. Royal Bank Of Canada reduced their target price 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. Morgan Stanley set a $134.00 price target on shares of CRH in a research note on Thursday, October 9th. Finally, JPMorgan Chase & Co. lifted their price target on shares of CRH from $130.00 to $135.00 and gave the stock an “overweight” rating in a report on Tuesday, November 11th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, CRH has an average rating of “Moderate Buy” and a consensus target price of $129.54.

CRH 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.