Wolverine Asset Management LLC Has $1.68 Million Holdings in Crh Plc $CRH

Wolverine Asset Management LLC decreased its stake in Crh Plc (NYSE:CRH) by 30.0% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 14,000 shares of the construction company’s stock after selling 6,000 shares during the period. Wolverine Asset Management LLC’s holdings in CRH were worth $1,679,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of CRH. Norges Bank bought a new position in shares of CRH during the second quarter valued at $1,007,932,000. Eleva Capital SAS bought a new position in CRH during the 2nd quarter valued at about $250,562,000. Massachusetts Financial Services Co. MA boosted its position in CRH by 24.3% in the second quarter. Massachusetts Financial Services Co. MA now owns 12,803,346 shares of the construction company’s stock valued at $1,175,347,000 after buying an additional 2,499,558 shares in the last quarter. Marshall Wace LLP grew its stake in CRH by 45.3% during the second quarter. Marshall Wace LLP now owns 6,031,903 shares of the construction company’s stock worth $553,729,000 after buying an additional 1,881,550 shares during the last quarter. Finally, Baupost Group LLC MA increased its holdings in shares of CRH by 42.0% during the second quarter. Baupost Group LLC MA now owns 3,825,395 shares of the construction company’s stock worth $351,171,000 after buying an additional 1,131,000 shares in the last quarter. 62.50% of the stock is currently owned by institutional investors.

CRH Stock Up 0.4%

Shares of CRH stock opened at $123.08 on Friday. Crh Plc has a 12 month low of $76.75 and a 12 month high of $131.55. The firm has a market cap of $82.50 billion, a price-to-earnings ratio of 24.52, a PEG ratio of 1.80 and a beta of 1.34. The stock has a 50-day moving average price of $121.71 and a 200 day moving average price of $113.58.

CRH (NYSE:CRH) last posted its quarterly 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. CRH had a net margin of 9.30% and a return on equity of 16.25%. The business had revenue of $11.07 billion during the quarter, compared to the consensus estimate of $10.15 billion. During the same period in the previous year, the firm posted $1.97 earnings per share. CRH’s revenue for the quarter was up 5.3% compared to the same quarter last year. CRH has set its FY 2025 guidance at 5.490-5.720 EPS. Sell-side analysts predict that Crh Plc will post 5.47 earnings per share for the current fiscal year.

CRH Dividend Announcement

The business also recently declared 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 of this dividend 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 is 22.11%.

Wall Street Analysts Forecast Growth

CRH has been the topic of several recent analyst reports. Royal Bank Of Canada reduced their target price on CRH from $152.00 to $150.00 and set an “outperform” rating on the stock in a report on Friday, November 7th. Wells Fargo & Company reissued an “equal weight” rating and issued a $138.00 price objective (up previously from $133.00) on shares of CRH in a research note on Tuesday. Truist Financial raised their target price on CRH from $125.00 to $140.00 and gave the company a “buy” rating in a research note on Thursday, October 2nd. Bank of America initiated coverage on shares of CRH in a research report on Friday, September 26th. They set a “buy” rating and a $128.00 price target on the stock. Finally, DA Davidson raised their price objective on shares of CRH from $110.00 to $116.00 and gave the company a “neutral” rating in a research report on Wednesday, November 12th. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, CRH presently has a consensus rating of “Moderate Buy” and a consensus price target of $136.20.

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.