Tyro Capital Management LLC Boosts Position in Crh Plc $CRH

Tyro Capital Management LLC lifted its holdings in shares of Crh Plc (NYSE:CRH) by 0.2% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 337,560 shares of the construction company’s stock after purchasing an additional 807 shares during the period. CRH accounts for 12.2% of Tyro Capital Management LLC’s holdings, making the stock its 3rd biggest holding. Tyro Capital Management LLC’s holdings in CRH were worth $30,988,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. raised its holdings in CRH by 62.8% during the 1st quarter. Vanguard Group Inc. now owns 63,755,468 shares of the construction company’s stock worth $5,608,567,000 after purchasing an additional 24,591,538 shares during the last quarter. Nuveen LLC bought a new stake in CRH in the first quarter valued at $597,888,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in CRH by 58,695.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,830,994 shares of the construction company’s stock worth $249,043,000 after buying an additional 2,826,179 shares during the period. Eleva Capital SAS acquired a new position in shares of CRH during the second quarter worth approximately $250,562,000. Finally, AGF Management Ltd. boosted its stake in CRH by 195.0% during the 1st quarter. AGF Management Ltd. now owns 3,052,011 shares of the construction company’s stock valued at $268,485,000 after purchasing an additional 2,017,484 shares during the last quarter. 62.50% of the stock is currently owned by institutional investors.

CRH Trading Down 1.2%

CRH opened at $112.56 on Wednesday. Crh Plc has a 12-month low of $76.75 and a 12-month high of $121.99. The stock has a 50-day moving average price of $115.81 and a 200-day moving average price of $104.15. The stock has a market capitalization of $75.71 billion, a P/E ratio of 23.55, a PEG ratio of 1.68 and a beta of 1.32.

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

CRH Announces Dividend

The business 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 is 22.11%.

Analyst Upgrades and Downgrades

CRH has been the subject of several recent analyst reports. Bank of America initiated coverage on CRH in a report on Friday, September 26th. They issued a “buy” rating and a $128.00 target price for the company. JPMorgan Chase & Co. upped their price target on CRH from $130.00 to $135.00 and gave the company an “overweight” rating in a research report on Tuesday. Barclays lifted their price objective on CRH from $110.00 to $131.00 and gave the stock an “overweight” rating in a report on Monday, October 20th. Morgan Stanley set a $134.00 price objective on shares of CRH in a report on Thursday, October 9th. Finally, Wells Fargo & Company reduced their target price on shares of CRH from $135.00 to $133.00 and set an “overweight” rating for the company in a research note on Friday, November 7th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, CRH presently has an average rating of “Buy” and a consensus target price of $128.69.

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.