Osaic Holdings Inc. Acquires 69,872 Shares of Crh Plc $CRH

Osaic Holdings Inc. increased its stake in shares of Crh Plc (NYSE:CRH) by 260.4% during the second quarter, HoldingsChannel reports. The fund owned 96,705 shares of the construction company’s stock after acquiring an additional 69,872 shares during the quarter. Osaic Holdings Inc.’s holdings in CRH were worth $8,611,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently bought and sold shares of the stock. Munro Partners bought a new position in shares of CRH during the 2nd quarter worth about $4,097,000. B. Riley Wealth Advisors Inc. acquired a new stake in CRH during the second quarter worth about $678,000. L1 Capital Pty Ltd increased its stake in CRH by 13.4% during the second quarter. L1 Capital Pty Ltd now owns 1,295,560 shares of the construction company’s stock valued at $118,932,000 after acquiring an additional 153,123 shares during the period. Hudson Bay Capital Management LP raised its holdings in CRH by 428.1% in the 2nd quarter. Hudson Bay Capital Management LP now owns 52,809 shares of the construction company’s stock valued at $4,848,000 after acquiring an additional 42,809 shares in the last quarter. Finally, Evergreen Capital Management LLC lifted its position in shares of CRH by 0.8% in the 2nd quarter. Evergreen Capital Management LLC now owns 107,041 shares of the construction company’s stock worth $9,826,000 after acquiring an additional 879 shares during the period. 62.50% of the stock is owned by institutional investors.

CRH Trading Down 1.6%

Shares of CRH stock opened at $125.12 on Friday. The stock has a market capitalization of $83.86 billion, a price-to-earnings ratio of 24.92, a P/E/G ratio of 2.02 and a beta of 1.35. The firm’s 50-day moving average price is $118.24 and its two-hundred day moving average price is $108.75. Crh Plc has a 1-year low of $76.75 and a 1-year high of $128.95.

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 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%.CRH’s revenue was up 5.3% compared to the same quarter last year. 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. As a group, equities research analysts predict that Crh Plc will post 5.47 EPS for the current year.

CRH Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 17th. Stockholders of record on Friday, November 21st were paid a $0.37 dividend. The ex-dividend date was 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 22.11%.

Analyst Ratings Changes

Several analysts have recently weighed in on CRH shares. Truist Financial lifted their price objective on CRH from $125.00 to $140.00 and gave the stock a “buy” rating in a report on Thursday, October 2nd. DA Davidson boosted their price target on shares of CRH from $110.00 to $116.00 and gave the company a “neutral” rating in a report on Wednesday, November 12th. UBS Group began coverage on shares of CRH in a research note on Tuesday, October 14th. They issued a “buy” rating and a $138.00 price objective for the company. Morgan Stanley lifted their target price on shares of CRH from $131.00 to $140.00 and gave the company an “overweight” rating in a research report on Wednesday, December 10th. Finally, Jefferies Financial Group reissued a “buy” rating on shares of CRH in a research note on Monday, December 1st. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $132.60.

CRH Profile

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.