Advisors Asset Management Inc. Sells 8,970 Shares of Crh Plc $CRH

Advisors Asset Management Inc. lowered its holdings in Crh Plc (NYSE:CRH) by 9.9% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 82,054 shares of the construction company’s stock after selling 8,970 shares during the period. Advisors Asset Management Inc.’s holdings in CRH were worth $7,533,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in CRH. Vanguard Group Inc. boosted its stake in shares of CRH by 62.8% in the first quarter. Vanguard Group Inc. now owns 63,755,468 shares of the construction company’s stock valued at $5,608,567,000 after buying an additional 24,591,538 shares during the period. Nuveen LLC acquired a new position in CRH in the 1st quarter valued at $597,888,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in CRH by 58,695.3% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,830,994 shares of the construction company’s stock valued at $249,043,000 after acquiring an additional 2,826,179 shares in the last quarter. Eleva Capital SAS bought a new stake in shares of CRH during the 2nd quarter valued at $250,562,000. Finally, Massachusetts Financial Services Co. MA grew its holdings in shares of CRH by 24.3% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 12,803,346 shares of the construction company’s stock worth $1,175,347,000 after purchasing an additional 2,499,558 shares in the last quarter. 62.50% of the stock is owned by institutional investors.

CRH Trading Up 3.2%

CRH stock opened at $116.23 on Wednesday. The firm has a 50-day moving average price of $115.54 and a 200-day moving average price of $105.28. Crh Plc has a 12 month low of $76.75 and a 12 month high of $121.99. The stock has a market capitalization of $77.91 billion, a P/E ratio of 24.32, a price-to-earnings-growth ratio of 1.68 and a beta of 1.32.

CRH (NYSE:CRH) last announced its quarterly earnings results 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 company had revenue of $11.07 billion for the quarter, compared to analyst estimates of $10.15 billion. CRH had a net margin of 9.09% and a return on equity of 15.68%. The firm’s revenue was up 5.3% on a year-over-year basis. During the same period in the previous year, the firm posted $1.97 EPS. CRH has set its FY 2025 guidance at 5.490-5.720 EPS. As a group, equities analysts predict that Crh Plc will post 5.47 EPS for the current fiscal year.

CRH Announces Dividend

The business also recently declared 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. 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 is 22.11%.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Sanford C. Bernstein boosted their price target on CRH from $115.00 to $130.00 and gave the company an “outperform” rating in a research note on Thursday, September 11th. JPMorgan Chase & Co. raised their target price on shares of CRH from $130.00 to $135.00 and gave the company an “overweight” rating in a report on Tuesday, November 11th. Truist Financial boosted their target price on shares of CRH from $125.00 to $140.00 and gave the company a “buy” rating in a research report on Thursday, October 2nd. Jefferies Financial Group raised shares of CRH to a “strong-buy” rating in a report on Monday, September 22nd. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of CRH in a research note on Wednesday, November 19th. 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 stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $129.54.

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.