Catalyst Funds Management Pty Ltd Purchases 42,155 Shares of Crh Plc $CRH

Catalyst Funds Management Pty Ltd increased its position in Crh Plc (NYSE:CRH) by 130.5% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 74,455 shares of the construction company’s stock after purchasing an additional 42,155 shares during the period. CRH makes up 1.9% of Catalyst Funds Management Pty Ltd’s investment portfolio, making the stock its 5th largest holding. Catalyst Funds Management Pty Ltd’s holdings in CRH were worth $6,835,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of CRH. Victory Capital Management Inc. boosted its holdings in 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 acquiring an additional 27,934 shares during the last quarter. IFP Advisors Inc boosted its holdings in CRH by 102.3% during the first quarter. IFP Advisors Inc now owns 3,220 shares of the construction company’s stock worth $283,000 after purchasing an additional 1,628 shares during the last quarter. GW&K Investment Management LLC boosted its holdings in CRH by 86.7% during the first quarter. GW&K Investment Management LLC now owns 448 shares of the construction company’s stock worth $39,000 after purchasing an additional 208 shares during the last quarter. HighPoint Advisor Group LLC grew its position in CRH by 49.2% in the 1st quarter. HighPoint Advisor Group LLC now owns 9,602 shares of the construction company’s stock worth $897,000 after purchasing an additional 3,165 shares in the last quarter. Finally, PFG Advisors purchased a new stake in CRH in the 1st quarter valued at about $1,920,000. Institutional investors and hedge funds own 62.50% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Bank of America assumed coverage on CRH in a report on Friday, September 26th. They issued a “buy” rating and a $128.00 target price for the company. Wells Fargo & Company cut their price objective on CRH from $135.00 to $133.00 and set an “overweight” rating on the stock in a research report on Friday, November 7th. Royal Bank Of Canada reduced their price objective on CRH from $152.00 to $150.00 and set an “outperform” rating for the company in a research note on Friday, November 7th. JPMorgan Chase & Co. lifted their target price on CRH from $130.00 to $135.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 11th. Finally, UBS Group initiated coverage on shares of CRH in a report on Tuesday, October 14th. They issued a “buy” rating and a $138.00 price target on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $129.54.

CRH Stock Performance

NYSE:CRH opened at $110.32 on Thursday. The business’s fifty day moving average is $115.67 and its 200 day moving average is $104.72. The firm has a market cap of $73.94 billion, a price-to-earnings ratio of 23.08, a PEG ratio of 1.68 and a beta of 1.32. Crh Plc has a 52-week low of $76.75 and a 52-week high of $121.99.

CRH (NYSE:CRH) last issued 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 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 analysts’ expectations of $10.15 billion. During the same quarter in the previous year, the company earned $1.97 earnings per share. CRH’s revenue for the quarter was up 5.3% on a year-over-year basis. CRH has set its FY 2025 guidance at 5.490-5.720 EPS. Equities analysts predict that Crh Plc will post 5.47 EPS for the current fiscal year.

CRH Announces Dividend

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 issued a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend is Friday, November 21st. CRH’s payout ratio 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.