Alberta Investment Management Corp Takes Position in Crh Plc $CRH

Alberta Investment Management Corp acquired a new position in Crh Plc (NYSE:CRH) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 2,500 shares of the construction company’s stock, valued at approximately $230,000.

A number of other hedge funds have also modified their holdings of the business. Wealthfront Advisers LLC purchased a new stake in CRH in the 1st quarter valued at about $379,000. Victory Capital Management Inc. boosted its position in shares of CRH by 15.2% during the 1st quarter. Victory Capital Management Inc. now owns 211,981 shares of the construction company’s stock worth $18,648,000 after purchasing an additional 27,934 shares during the period. Diversify Advisory Services LLC increased its holdings in CRH by 5.0% in the 1st quarter. Diversify Advisory Services LLC now owns 2,572 shares of the construction company’s stock valued at $240,000 after purchasing an additional 123 shares during the last quarter. Csenge Advisory Group increased its holdings in CRH by 77.8% in the 1st quarter. Csenge Advisory Group now owns 7,210 shares of the construction company’s stock valued at $611,000 after purchasing an additional 3,156 shares during the last quarter. Finally, IFP Advisors Inc raised its position in CRH by 102.3% in the first quarter. IFP Advisors Inc now owns 3,220 shares of the construction company’s stock valued at $283,000 after purchasing an additional 1,628 shares during the period. 62.50% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of CRH in a research note on Thursday. JPMorgan Chase & Co. raised their target price on CRH from $130.00 to $135.00 and gave the company an “overweight” rating in a report on Tuesday, November 11th. Bank of America began coverage on CRH in a research report on Friday, September 26th. They issued a “buy” rating and a $128.00 target price for the company. Royal Bank Of Canada reduced their price target on shares of CRH from $152.00 to $150.00 and set an “outperform” rating on the stock in a research report on Friday, November 7th. Finally, Vertical Research raised shares of CRH to a “strong-buy” rating in a research note on Friday, August 1st. Two investment analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $129.54.

CRH Stock Performance

Shares of CRH stock opened at $109.21 on Tuesday. The business has a 50-day simple moving average of $115.72 and a 200-day simple moving average of $104.60. Crh Plc has a one year low of $76.75 and a one year high of $121.99. The company has a market cap of $73.20 billion, a PE ratio of 22.85, a P/E/G ratio of 1.68 and a beta of 1.32.

CRH (NYSE:CRH) last issued 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. CRH had a net margin of 9.09% and a return on equity of 15.68%. The company 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 firm earned $1.97 earnings per share. The firm’s quarterly revenue was up 5.3% on a year-over-year basis. CRH has set its FY 2025 guidance at 5.490-5.720 EPS. On average, sell-side analysts predict that Crh Plc will post 5.47 earnings per share for the current fiscal year.

CRH Dividend Announcement

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

About CRH

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.