Ycg LLC Has $13.67 Million Stock Holdings in Crh Plc $CRH

Ycg LLC boosted its position in Crh Plc (NYSE:CRH) by 4.2% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 113,971 shares of the construction company’s stock after buying an additional 4,636 shares during the period. CRH makes up approximately 1.0% of Ycg LLC’s portfolio, making the stock its 29th biggest position. Ycg LLC’s holdings in CRH were worth $13,665,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Salomon & Ludwin LLC bought a new stake in shares of CRH during the third quarter valued at approximately $32,000. Creekmur Asset Management LLC acquired a new stake in CRH in the 2nd quarter valued at $27,000. Park Place Capital Corp increased its stake in CRH by 59.9% during the 2nd quarter. Park Place Capital Corp now owns 307 shares of the construction company’s stock valued at $29,000 after purchasing an additional 115 shares in the last quarter. Riggs Asset Managment Co. Inc. lifted its stake in shares of CRH by 1,835.3% in the second quarter. Riggs Asset Managment Co. Inc. now owns 329 shares of the construction company’s stock valued at $30,000 after buying an additional 312 shares in the last quarter. Finally, Cullen Frost Bankers Inc. grew its holdings in shares of 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 buying an additional 306 shares during the last quarter. Institutional investors own 62.50% of the company’s stock.

CRH Trading Up 0.4%

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

CRH (NYSE:CRH) last announced its quarterly earnings data on Wednesday, November 5th. The construction company reported $2.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.94 by $0.27. The firm had revenue of $11.07 billion during the quarter, compared to the consensus estimate of $10.15 billion. CRH had a return on equity of 16.25% and a net margin of 9.30%.The business’s revenue for the quarter was up 5.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.97 EPS. CRH has set its FY 2025 guidance at 5.490-5.720 EPS. As a group, equities research analysts predict that Crh Plc will post 5.47 earnings per share for the current year.

CRH Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 17th. Shareholders of record on Friday, November 21st were paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date was Friday, November 21st. CRH’s payout ratio is presently 22.11%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on CRH shares. DA Davidson upped their target price on shares of CRH from $110.00 to $116.00 and gave the stock a “neutral” rating in a report on Wednesday, November 12th. Weiss Ratings restated a “buy (b-)” rating on shares of CRH in a report on Monday, December 22nd. Citigroup lifted their target price on CRH from $142.00 to $155.00 and gave the company a “buy” rating in a research report on Thursday, January 8th. JPMorgan Chase & Co. increased their price target on CRH from $130.00 to $135.00 and gave the company an “overweight” rating in a research report on Tuesday, November 11th. Finally, Truist Financial lifted their price objective on shares of CRH from $125.00 to $140.00 and gave the stock a “buy” rating in a report on Thursday, October 2nd. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $136.20.

CRH Company 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.