Crh Plc $CRH Shares Sold by AGF Management Ltd.

AGF Management Ltd. cut its stake in Crh Plc (NYSE:CRH) by 98.4% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 49,635 shares of the construction company’s stock after selling 3,002,376 shares during the period. AGF Management Ltd.’s holdings in CRH were worth $4,556,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Mission Wealth Management LP boosted its stake in shares of CRH by 1.1% in the 2nd quarter. Mission Wealth Management LP now owns 9,548 shares of the construction company’s stock valued at $877,000 after buying an additional 107 shares during the period. Park Place Capital Corp raised its holdings in CRH by 59.9% in the second quarter. Park Place Capital Corp now owns 307 shares of the construction company’s stock valued at $29,000 after acquiring an additional 115 shares in the last quarter. Diversify Advisory Services LLC lifted its stake in CRH by 5.0% in the first quarter. Diversify Advisory Services LLC now owns 2,572 shares of the construction company’s stock worth $240,000 after acquiring an additional 123 shares during the last quarter. Callan Family Office LLC grew its holdings in CRH by 4.4% during the 1st quarter. Callan Family Office LLC now owns 3,074 shares of the construction company’s stock worth $270,000 after acquiring an additional 129 shares in the last quarter. Finally, LRI Investments LLC increased its position in shares of CRH by 9.2% in the 2nd quarter. LRI Investments LLC now owns 1,669 shares of the construction company’s stock valued at $153,000 after purchasing an additional 140 shares during the last quarter. Hedge funds and other institutional investors own 62.50% of the company’s stock.

CRH Stock Performance

Shares of CRH stock opened at $113.01 on Monday. The company’s fifty day moving average is $115.75 and its two-hundred day moving average is $103.85. Crh Plc has a 1 year low of $76.75 and a 1 year high of $121.99. The company has a market capitalization of $76.02 billion, a P/E ratio of 23.64, a PEG ratio of 1.68 and a beta of 1.32.

CRH (NYSE:CRH) last released its quarterly earnings results 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 firm had revenue of $11.07 billion for the quarter, compared to analyst estimates of $10.15 billion. CRH had a return on equity of 15.68% and a net margin of 9.09%.The business’s revenue was up 5.3% on a year-over-year basis. During the same quarter last year, the company posted $1.97 earnings per share. CRH has set its FY 2025 guidance at 5.490-5.720 EPS. As a group, equities analysts expect that Crh Plc will post 5.47 earnings per share for the current year.

CRH Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 17th. Shareholders of record on Friday, November 21st will be paid a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 1.3%. The ex-dividend date is Friday, November 21st. CRH’s dividend payout ratio (DPR) is 22.11%.

Analyst Ratings Changes

Several research firms have recently issued reports on CRH. Morgan Stanley set a $134.00 price objective on shares of CRH in a research report on Thursday, October 9th. Jefferies Financial Group raised CRH to a “strong-buy” rating in a report on Monday, September 22nd. UBS Group assumed coverage on CRH in a research report on Tuesday, October 14th. They set a “buy” rating and a $138.00 price objective for the company. Sanford C. Bernstein raised their target price on CRH from $115.00 to $130.00 and gave the stock an “outperform” rating in a research report on Thursday, September 11th. Finally, Bank of America began coverage on CRH in a research note on Friday, September 26th. They set a “buy” rating and a $128.00 target price for the company. Three investment analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, CRH has an average rating of “Buy” and a consensus price target of $127.43.

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.