Barings LLC Sells 35,136 Shares of Crh Plc $CRH

Barings LLC lessened its holdings in Crh Plc (NYSE:CRH) by 10.8% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 289,429 shares of the construction company’s stock after selling 35,136 shares during the period. CRH accounts for 0.6% of Barings LLC’s holdings, making the stock its 23rd biggest position. Barings LLC’s holdings in CRH were worth $26,570,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Financiere des Professionnels Fonds d investissement inc. bought a new position in CRH in the 2nd quarter valued at about $246,000. Ninety One UK Ltd grew its position in shares of CRH by 13.1% in 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 purchasing an additional 364,319 shares during the last quarter. GSA Capital Partners LLP bought a new position in shares of CRH during the first quarter worth approximately $744,000. Hsbc Holdings PLC increased its stake in shares of CRH by 100.2% during the first quarter. Hsbc Holdings PLC now owns 452,776 shares of the construction company’s stock worth $39,318,000 after purchasing an additional 226,602 shares during the period. Finally, National Pension Service lifted its holdings in CRH by 8.6% during the 1st quarter. National Pension Service now owns 2,154,053 shares of the construction company’s stock worth $189,492,000 after purchasing an additional 170,702 shares during the last quarter. Institutional investors and hedge funds own 62.50% of the company’s stock.

CRH Stock Up 1.6%

CRH stock opened at $110.14 on Friday. The company’s 50-day moving average price is $115.48 and its two-hundred day moving average price is $104.90. The firm has a market cap of $73.82 billion, a P/E ratio of 23.04, a P/E/G ratio of 1.68 and a beta of 1.32. Crh Plc has a 12 month low of $76.75 and a 12 month high of $121.99.

CRH (NYSE:CRH) last issued its quarterly earnings results on Wednesday, November 5th. The construction company reported $2.21 earnings per share for the quarter, topping analysts’ consensus estimates of $1.94 by $0.27. The company had revenue of $11.07 billion during 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 firm’s quarterly revenue was up 5.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.97 EPS. 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 declared a quarterly dividend, which will be paid on Wednesday, December 17th. Stockholders of record on Friday, November 21st will be paid a $0.37 dividend. The ex-dividend date is Friday, November 21st. This represents a $1.48 annualized dividend and a dividend yield of 1.3%. CRH’s dividend payout ratio (DPR) is presently 22.11%.

Analysts Set New Price Targets

CRH has been the topic of a number of research reports. Truist Financial upped their price objective on CRH from $125.00 to $140.00 and gave the company a “buy” rating in a report on Thursday, October 2nd. Wells Fargo & Company decreased their price target on shares of CRH from $135.00 to $133.00 and set an “overweight” rating on the stock in a research note on Friday, November 7th. Barclays lifted their price objective on shares of CRH from $110.00 to $131.00 and gave the stock an “overweight” rating in a research note on Monday, October 20th. DA Davidson increased their target price on shares of CRH from $110.00 to $116.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 12th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of CRH in a report on Wednesday. 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 stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $129.54.

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.