Advisory Resource Group Increases Stock Position in Crh Plc $CRH

Advisory Resource Group boosted its holdings in shares of Crh Plc (NYSE:CRH) by 7.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 12,176 shares of the construction company’s stock after buying an additional 795 shares during the quarter. Advisory Resource Group’s holdings in CRH were worth $1,118,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the stock. Vanguard Group Inc. raised its position in shares of CRH by 62.8% in the 1st quarter. Vanguard Group Inc. now owns 63,755,468 shares of the construction company’s stock worth $5,608,567,000 after acquiring an additional 24,591,538 shares in the last quarter. Nuveen LLC purchased a new stake in shares of CRH during the first quarter valued at about $597,888,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of CRH by 58,695.3% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,830,994 shares of the construction company’s stock valued at $249,043,000 after buying an additional 2,826,179 shares in the last quarter. Eleva Capital SAS purchased a new position in shares of CRH in the 2nd quarter worth approximately $250,562,000. Finally, Massachusetts Financial Services Co. MA raised its stake in shares of CRH by 24.3% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 12,803,346 shares of the construction company’s stock worth $1,175,347,000 after acquiring an additional 2,499,558 shares in 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 $109.62 on Friday. Crh Plc has a fifty-two week low of $76.75 and a fifty-two week high of $121.99. The firm has a market capitalization of $73.74 billion, a PE ratio of 22.93, a P/E/G ratio of 1.68 and a beta of 1.32. The stock’s 50-day simple moving average is $115.78 and its 200-day simple moving average is $104.37.

CRH (NYSE:CRH) last released its 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. CRH had a return on equity of 15.68% and a net margin of 9.09%.The firm had revenue of $11.07 billion during the quarter, compared to the consensus estimate of $10.15 billion. During the same quarter in the previous year, the company posted $1.97 earnings per share. The company’s revenue 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 forecast that Crh Plc will post 5.47 earnings per share for the current year.

CRH Announces Dividend

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

Wall Street Analyst Weigh In

CRH has been the topic of several analyst reports. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of CRH in a report on Thursday. Morgan Stanley set a $134.00 target price on CRH in a research report on Thursday, October 9th. UBS Group began coverage on CRH in a research note on Tuesday, October 14th. They issued a “buy” rating and a $138.00 price target for the company. Truist Financial boosted their price target on CRH from $125.00 to $140.00 and gave the stock a “buy” rating in a research note on Thursday, October 2nd. Finally, JPMorgan Chase & Co. increased their price objective on shares of CRH from $130.00 to $135.00 and gave the company an “overweight” rating in a research report on Tuesday. Two research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $129.54.

CRH Company 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.