Crh Plc $CRH is ARS Investment Partners LLC’s 10th Largest Position

ARS Investment Partners LLC increased its position in shares of Crh Plc (NYSE:CRH) by 16.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 422,532 shares of the construction company’s stock after purchasing an additional 58,665 shares during the period. CRH accounts for approximately 2.8% of ARS Investment Partners LLC’s portfolio, making the stock its 10th largest position. ARS Investment Partners LLC owned 0.06% of CRH worth $38,788,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Vanguard Group Inc. boosted its position in shares of CRH by 62.8% during 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 acquired a new stake in shares of CRH during the 1st quarter worth about $597,888,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in CRH by 58,695.3% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,830,994 shares of the construction company’s stock worth $249,043,000 after purchasing an additional 2,826,179 shares during the last quarter. Eleva Capital SAS acquired a new position in CRH in the second quarter valued at approximately $250,562,000. Finally, Massachusetts Financial Services Co. MA increased its stake in CRH by 24.3% in the second quarter. Massachusetts Financial Services Co. MA now owns 12,803,346 shares of the construction company’s stock valued at $1,175,347,000 after purchasing an additional 2,499,558 shares during the last quarter. 62.50% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have recently weighed in on CRH. Weiss Ratings restated a “buy (b-)” rating on shares of CRH in a research report on Thursday, November 13th. Sanford C. Bernstein upped their price objective on shares of CRH from $115.00 to $130.00 and gave the company an “outperform” rating in a research note on Thursday, September 11th. Royal Bank Of Canada dropped their price objective on CRH from $152.00 to $150.00 and set an “outperform” rating on the stock in a report on Friday, November 7th. Truist Financial boosted their target price on CRH from $125.00 to $140.00 and gave the company a “buy” rating in a report on Thursday, October 2nd. Finally, Morgan Stanley set a $134.00 price target on CRH in a research note on Thursday, October 9th. Two research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Buy” and an average price target of $129.54.

CRH Stock Performance

Shares of CRH opened at $108.91 on Wednesday. Crh Plc has a fifty-two week low of $76.75 and a fifty-two week high of $121.99. The firm has a 50-day simple moving average of $115.69 and a 200-day simple moving average of $104.68. The company has a market capitalization of $73.00 billion, a price-to-earnings ratio of 22.78, a price-to-earnings-growth 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 EPS for the quarter, beating the consensus estimate 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 period in the prior year, the business earned $1.97 EPS. The firm’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. Equities research analysts forecast that Crh Plc will post 5.47 EPS for the current year.

CRH Dividend Announcement

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

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.