Saturna Capital Corp Purchases Shares of 48,467 Crh Plc $CRH

Saturna Capital Corp purchased a new position in shares of Crh Plc (NYSE:CRH) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 48,467 shares of the construction company’s stock, valued at approximately $4,449,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Mission Wealth Management LP boosted 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 worth $877,000 after purchasing an additional 107 shares in the last quarter. Sound View Wealth Advisors Group LLC raised 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 worth $274,000 after buying an additional 107 shares during the last quarter. Park Place Capital Corp lifted its stake 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 worth $29,000 after buying an additional 115 shares during the period. Diversify Advisory Services LLC grew its holdings in shares of CRH by 5.0% during the first quarter. Diversify Advisory Services LLC now owns 2,572 shares of the construction company’s stock valued at $240,000 after buying an additional 123 shares during the last quarter. Finally, Callan Family Office LLC grew its holdings in shares of CRH by 4.4% during the first quarter. Callan Family Office LLC now owns 3,074 shares of the construction company’s stock valued at $270,000 after buying an additional 129 shares during the last quarter. 62.50% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

CRH has been the subject of a number of research reports. Vertical Research raised CRH to a “strong-buy” rating in a research report on Friday, August 1st. Wells Fargo & Company reduced their price objective on CRH from $135.00 to $133.00 and set an “overweight” rating for the company in a research note on Friday, November 7th. Barclays upped their target price on CRH from $110.00 to $131.00 and gave the company an “overweight” rating in a research report on Monday, October 20th. Royal Bank Of Canada decreased their price objective on shares of CRH from $152.00 to $150.00 and set an “outperform” rating for the company in a research note on Friday, November 7th. Finally, Jefferies Financial Group upgraded shares of CRH to a “strong-buy” rating in a research report on Monday, September 22nd. Two investment analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $129.54.

CRH Stock Performance

CRH stock opened at $108.91 on Wednesday. Crh Plc has a one year low of $76.75 and a one year high of $121.99. The firm’s fifty day moving average is $115.69 and its 200 day moving average is $104.68. The firm has a market cap of $73.00 billion, a PE ratio of 22.78, a P/E/G 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 (EPS) for the quarter, topping 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 business had revenue of $11.07 billion for the quarter, compared to analyst estimates of $10.15 billion. During the same period in the prior year, the company posted $1.97 EPS. The company’s revenue for the quarter was up 5.3% on a year-over-year basis. CRH has set its FY 2025 guidance at 5.490-5.720 EPS. Research analysts predict that Crh Plc will post 5.47 earnings per share for the current fiscal year.

CRH Announces Dividend

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. This represents a $1.48 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend is Friday, November 21st. CRH’s dividend payout ratio (DPR) is presently 22.11%.

About CRH

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.