Vanguard Group Inc. Boosts Holdings in Crh Plc $CRH

Vanguard Group Inc. increased its position in Crh Plc (NYSE:CRH) by 1.0% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 64,405,066 shares of the construction company’s stock after purchasing an additional 649,598 shares during the period. Vanguard Group Inc. owned approximately 9.53% of CRH worth $5,912,385,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of CRH. Financiere des Professionnels Fonds d investissement inc. purchased a new position in CRH in the 2nd quarter worth approximately $246,000. Ninety One UK Ltd boosted its stake in CRH by 13.1% during the 2nd quarter. Ninety One UK Ltd now owns 3,143,490 shares of the construction company’s stock valued at $288,572,000 after purchasing an additional 364,319 shares during the last quarter. GSA Capital Partners LLP bought a new stake in shares of CRH in the 1st quarter worth $744,000. Hsbc Holdings PLC raised its stake in shares of CRH by 100.2% in the first quarter. Hsbc Holdings PLC now owns 452,776 shares of the construction company’s stock worth $39,318,000 after purchasing an additional 226,602 shares during the last quarter. Finally, National Pension Service raised its stake in shares of CRH by 8.6% in the first quarter. National Pension Service now owns 2,154,053 shares of the construction company’s stock worth $189,492,000 after purchasing an additional 170,702 shares during the last quarter. 62.50% of the stock is currently owned by institutional investors.

CRH Stock Down 0.3%

NYSE CRH opened at $108.91 on Wednesday. The company has a 50-day moving average price of $115.69 and a 200-day moving average price of $104.68. Crh Plc has a 52 week low of $76.75 and a 52 week high of $121.99. The firm has a market capitalization of $73.00 billion, a P/E ratio of 22.78, a PEG ratio of 1.68 and a beta of 1.32.

CRH (NYSE:CRH) last posted its quarterly earnings data on Wednesday, November 5th. The construction company reported $2.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.94 by $0.27. The company had revenue of $11.07 billion for the quarter, compared to the consensus estimate of $10.15 billion. CRH had a net margin of 9.09% and a return on equity of 15.68%. The firm’s revenue was up 5.3% compared to the same quarter last year. During the same quarter last year, the firm posted $1.97 earnings per share. CRH has set its FY 2025 guidance at 5.490-5.720 EPS. As a group, equities research analysts anticipate that Crh Plc will post 5.47 EPS for the current year.

CRH Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 17th. Stockholders of record on Friday, November 21st will be paid a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 1.4%. The ex-dividend date is Friday, November 21st. CRH’s dividend payout ratio (DPR) is currently 22.11%.

Analyst Ratings Changes

Several equities research analysts recently commented on CRH shares. Sanford C. Bernstein lifted their price objective on CRH from $115.00 to $130.00 and gave the stock an “outperform” rating in a report on Thursday, September 11th. JPMorgan Chase & Co. raised their price target on shares of CRH from $130.00 to $135.00 and gave the company an “overweight” rating in a report on Tuesday, November 11th. Wells Fargo & Company reduced their price target 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. Vertical Research upgraded shares of CRH to a “strong-buy” rating in a research report on Friday, August 1st. Finally, Barclays raised their target price on shares of CRH from $110.00 to $131.00 and gave the stock an “overweight” rating in a report on Monday, October 20th. Two investment 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 company. According to data from MarketBeat.com, CRH presently has a consensus 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.