Allworth Financial LP Lowers Stock Position in Crh Plc $CRH

Allworth Financial LP cut its holdings in Crh Plc (NYSE:CRH) by 54.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,386 shares of the construction company’s stock after selling 2,890 shares during the quarter. Allworth Financial LP’s holdings in CRH were worth $219,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of CRH. Ninety One UK Ltd grew its position in CRH by 13.1% during the second quarter. Ninety One UK Ltd now owns 3,143,490 shares of the construction company’s stock valued at $288,572,000 after buying an additional 364,319 shares during the period. Financiere des Professionnels Fonds d investissement inc. bought a new stake in CRH during the second quarter valued at about $246,000. GSA Capital Partners LLP purchased a new stake in CRH in the first quarter worth about $744,000. Hsbc Holdings PLC lifted its position in shares of CRH by 100.2% during the 1st quarter. Hsbc Holdings PLC now owns 452,776 shares of the construction company’s stock valued at $39,318,000 after buying an additional 226,602 shares in the last quarter. Finally, National Pension Service increased its holdings in CRH by 8.6% in the 1st quarter. National Pension Service now owns 2,154,053 shares of the construction company’s stock worth $189,492,000 after acquiring an additional 170,702 shares in the last quarter. Hedge funds and other institutional investors own 62.50% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on CRH shares. Jefferies Financial Group raised shares of CRH to a “strong-buy” rating in a report on Monday, September 22nd. UBS Group began coverage on shares of CRH in a research report on Tuesday, October 14th. They set a “buy” rating and a $138.00 target price for the company. DA Davidson raised their price objective on CRH from $110.00 to $116.00 and gave the company a “neutral” rating in a research report on Wednesday, November 12th. Truist Financial increased their price target on CRH from $125.00 to $140.00 and gave the company a “buy” rating in a research note on Thursday, October 2nd. Finally, Sanford C. Bernstein lifted their price objective on CRH from $115.00 to $130.00 and gave the stock an “outperform” rating in a research note on Thursday, September 11th. Two analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, CRH presently has a consensus rating of “Buy” and an average target price of $129.54.

CRH Trading Down 0.3%

Shares of CRH opened at $109.21 on Tuesday. Crh Plc has a 12 month low of $76.75 and a 12 month high of $121.99. The stock has a fifty day moving average price of $115.72 and a 200-day moving average price of $104.60. The firm 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 posted its quarterly earnings data on Wednesday, November 5th. The construction company reported $2.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.94 by $0.27. The firm had revenue of $11.07 billion for the quarter, compared to the consensus estimate of $10.15 billion. CRH had a net margin of 9.09% and a return on equity of 15.68%. The company’s revenue for the quarter was up 5.3% compared to the same quarter last year. During the same quarter in the prior 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, research analysts forecast that Crh Plc will post 5.47 EPS for the current year.

CRH Dividend Announcement

The business 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 dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 1.4%. The ex-dividend date is Friday, November 21st. CRH’s payout ratio is presently 22.11%.

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.