Rhumbline Advisers Lowers Stock Holdings in Crh Plc $CRH

Rhumbline Advisers lowered its position in shares of Crh Plc (NYSE:CRH) by 4.1% in the 2nd quarter, HoldingsChannel reports. The firm owned 700,923 shares of the construction company’s stock after selling 30,189 shares during the quarter. Rhumbline Advisers’ holdings in CRH were worth $64,345,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Creekmur Asset Management LLC purchased a new position in shares of CRH during the 2nd quarter valued at about $27,000. Park Place Capital Corp boosted its stake in CRH by 59.9% in the second quarter. Park Place Capital Corp now owns 307 shares of the construction company’s stock worth $29,000 after buying an additional 115 shares in the last quarter. Cullen Frost Bankers Inc. grew its position in CRH by 255.0% during the second quarter. Cullen Frost Bankers Inc. now owns 426 shares of the construction company’s stock valued at $39,000 after acquiring an additional 306 shares during the last quarter. Ransom Advisory Ltd purchased a new position in shares of CRH during the first quarter worth approximately $47,000. Finally, Richardson Financial Services Inc. raised its stake in shares of CRH by 29.4% during the second quarter. Richardson Financial Services Inc. now owns 678 shares of the construction company’s stock worth $63,000 after acquiring an additional 154 shares in the last quarter. 62.50% of the stock is currently owned by institutional investors.

CRH Stock Up 1.6%

Shares of CRH stock opened at $110.14 on Monday. The company’s fifty day simple moving average is $115.48 and its two-hundred day simple moving average is $104.99. Crh Plc has a 12-month low of $76.75 and a 12-month high of $121.99. The firm has a market cap of $73.82 billion, a PE ratio of 23.04, a price-to-earnings-growth ratio of 1.68 and a beta of 1.32.

CRH (NYSE:CRH) last posted its earnings results on Wednesday, November 5th. The construction company reported $2.21 earnings per share for the quarter, topping analysts’ consensus estimates of $1.94 by $0.27. The company 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%. CRH’s revenue for the quarter was up 5.3% on a year-over-year basis. During the same period in the prior year, the business posted $1.97 earnings per share. CRH has set its FY 2025 guidance at 5.490-5.720 EPS. As a group, sell-side analysts expect that Crh Plc will post 5.47 earnings per share for the current fiscal year.

CRH Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 17th. Shareholders of record on Friday, November 21st will be issued a $0.37 dividend. The ex-dividend date is Friday, November 21st. This represents a $1.48 annualized dividend and a yield of 1.3%. CRH’s dividend payout ratio (DPR) is 22.11%.

Wall Street Analysts Forecast Growth

CRH has been the subject of a number of research reports. UBS Group initiated 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. JPMorgan Chase & Co. upped their price target on shares of CRH from $130.00 to $135.00 and gave the company an “overweight” rating in a research report on Tuesday, November 11th. DA Davidson raised 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. Barclays boosted their target price on CRH from $110.00 to $131.00 and gave the company an “overweight” rating in a research note on Monday, October 20th. Finally, Jefferies Financial Group upgraded CRH to a “strong-buy” rating in a report on Monday, September 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, CRH presently has an average rating of “Buy” and an average price target 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.