Bank Julius Baer & Co. Ltd Zurich Sells 53,257 Shares of Crh Plc $CRH

Bank Julius Baer & Co. Ltd Zurich cut its stake in shares of Crh Plc (NYSE:CRH) by 14.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 310,113 shares of the construction company’s stock after selling 53,257 shares during the period. Bank Julius Baer & Co. Ltd Zurich’s holdings in CRH were worth $28,468,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of CRH. Vanguard Group Inc. lifted its position in shares of CRH by 1.0% during the second quarter. Vanguard Group Inc. now owns 64,405,066 shares of the construction company’s stock valued at $5,912,385,000 after purchasing an additional 649,598 shares in the last quarter. Massachusetts Financial Services Co. MA increased its stake in CRH by 24.3% in the 2nd 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 buying an additional 2,499,558 shares during the last quarter. Boston Partners lifted its position in shares of CRH by 9.2% during the 2nd quarter. Boston Partners now owns 9,630,797 shares of the construction company’s stock worth $886,604,000 after buying an additional 807,996 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of CRH by 4.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 9,185,200 shares of the construction company’s stock worth $843,201,000 after buying an additional 354,711 shares during the last quarter. Finally, Geode Capital Management LLC grew its holdings in shares of CRH by 3.9% in the second quarter. Geode Capital Management LLC now owns 8,667,093 shares of the construction company’s stock valued at $792,185,000 after acquiring an additional 325,170 shares in the last quarter. 62.50% of the stock is owned by hedge funds and other institutional investors.

CRH Stock Performance

CRH stock opened at $108.38 on Friday. The stock has a fifty day moving average of $115.55 and a 200-day moving average of $104.74. Crh Plc has a fifty-two week low of $76.75 and a fifty-two week high of $121.99. The company has a market capitalization of $72.65 billion, a price-to-earnings ratio of 22.67, a PEG ratio of 1.68 and a beta of 1.32.

CRH (NYSE:CRH) last released 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. The business 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 was up 5.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.97 earnings per share. 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 year.

CRH Dividend Announcement

The firm also recently disclosed 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. The ex-dividend date of this dividend is Friday, November 21st. This represents a $1.48 annualized dividend and a yield of 1.4%. CRH’s dividend payout ratio (DPR) is 22.11%.

Analysts Set New Price Targets

A number of analysts recently commented on CRH shares. Jefferies Financial Group upgraded CRH to a “strong-buy” rating in a report on Monday, September 22nd. UBS Group started coverage on CRH in a research report on Tuesday, October 14th. They set a “buy” rating and a $138.00 target price for the company. Morgan Stanley set a $134.00 price target on shares of CRH in a report on Thursday, October 9th. Truist Financial raised their price objective on shares of CRH from $125.00 to $140.00 and gave the stock a “buy” rating in a report on Thursday, October 2nd. Finally, Wells Fargo & Company lowered their price objective on shares of CRH from $135.00 to $133.00 and set an “overweight” rating on the stock in a research report on Friday, November 7th. Two investment 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 stock. According to MarketBeat.com, CRH presently has a consensus rating of “Buy” and a consensus target price of $129.54.

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.