Boston Partners Purchases 832,027 Shares of Crh Plc $CRH

Boston Partners grew its holdings in shares of Crh Plc (NYSE:CRH) by 9.4% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 9,654,828 shares of the construction company’s stock after buying an additional 832,027 shares during the quarter. CRH accounts for about 1.0% of Boston Partners’ investment portfolio, making the stock its 17th biggest position. Boston Partners owned 1.43% of CRH worth $888,810,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Creekmur Asset Management LLC bought a new position in CRH in the 2nd quarter valued at $27,000. Park Place Capital Corp boosted its stake in shares of CRH by 59.9% during the second quarter. Park Place Capital Corp now owns 307 shares of the construction company’s stock valued at $29,000 after purchasing an additional 115 shares during the period. Cullen Frost Bankers Inc. grew its holdings in shares of CRH by 255.0% in the second quarter. Cullen Frost Bankers Inc. now owns 426 shares of the construction company’s stock worth $39,000 after purchasing an additional 306 shares during the last quarter. Ransom Advisory Ltd bought a new position in shares of CRH in the first quarter worth about $47,000. Finally, Richardson Financial Services Inc. increased its stake in CRH by 29.4% in the 2nd quarter. Richardson Financial Services Inc. now owns 678 shares of the construction company’s stock worth $63,000 after buying an additional 154 shares during the period. 62.50% of the stock is owned by institutional investors.

CRH Trading Up 3.2%

Shares of NYSE CRH opened at $116.23 on Wednesday. Crh Plc has a 12-month low of $76.75 and a 12-month high of $121.99. The stock’s fifty day simple moving average is $115.54 and its two-hundred day simple moving average is $105.28. The stock has a market capitalization of $77.91 billion, a PE ratio of 24.32, a price-to-earnings-growth ratio of 1.68 and a beta of 1.32.

CRH (NYSE:CRH) last released its quarterly earnings results on Wednesday, November 5th. The construction company reported $2.21 EPS for the quarter, topping 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 analyst estimates of $10.15 billion. During the same period in the previous year, the company posted $1.97 EPS. The business’s revenue for the quarter was up 5.3% compared to the same quarter last year. CRH has set its FY 2025 guidance at 5.490-5.720 EPS. On average, equities analysts predict that Crh Plc will post 5.47 earnings per share for the current fiscal year.

CRH Announces Dividend

The company 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 $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date is Friday, November 21st. CRH’s dividend payout ratio (DPR) is currently 22.11%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Wells Fargo & Company dropped their target price 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. 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 research note on Friday, November 7th. DA Davidson raised their price objective on CRH from $110.00 to $116.00 and gave the stock a “neutral” rating in a report on Wednesday, November 12th. Jefferies Financial Group upgraded CRH to a “strong-buy” rating in a report on Monday, September 22nd. Finally, Sanford C. Bernstein raised 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. Two investment analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average 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.