CDAM UK Ltd Has $57.02 Million Stock Holdings in Crh Plc $CRH

CDAM UK Ltd lifted its stake in Crh Plc (NYSE:CRH) by 0.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 621,082 shares of the construction company’s stock after purchasing an additional 4,516 shares during the quarter. CRH accounts for approximately 9.5% of CDAM UK Ltd’s holdings, making the stock its 6th biggest position. CDAM UK Ltd owned approximately 0.09% of CRH worth $57,015,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of CRH. Financiere des Professionnels Fonds d investissement inc. purchased a new position in CRH in the 2nd quarter worth approximately $246,000. Ninety One UK Ltd raised its stake 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 worth $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 valued at $744,000. Hsbc Holdings PLC boosted its position 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 valued at $39,318,000 after buying an additional 226,602 shares during the last quarter. Finally, National Pension Service boosted its position in shares of CRH by 8.6% during the first quarter. National Pension Service now owns 2,154,053 shares of the construction company’s stock valued at $189,492,000 after buying an additional 170,702 shares during the last quarter. 62.50% of the stock is owned by hedge funds and other institutional investors.

CRH Trading Up 3.0%

Shares of NYSE CRH opened at $119.79 on Friday. Crh Plc has a 12-month low of $76.75 and a 12-month high of $121.99. The firm has a market capitalization of $80.29 billion, a price-to-earnings ratio of 25.06, a price-to-earnings-growth ratio of 1.68 and a beta of 1.32. The firm has a 50 day moving average of $115.86 and a 200 day moving average of $105.48.

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 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 business had revenue of $11.07 billion for the quarter, compared to analysts’ expectations of $10.15 billion. During the same quarter last year, the company posted $1.97 EPS. The company’s revenue was up 5.3% compared to the same quarter last year. CRH has set its FY 2025 guidance at 5.490-5.720 EPS. Sell-side analysts predict that Crh Plc will post 5.47 EPS for the current year.

CRH Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 17th. Shareholders of record on Friday, November 21st will be issued a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Friday, November 21st. CRH’s payout ratio is currently 22.11%.

Analysts Set New Price Targets

CRH has been the topic of several research analyst reports. JPMorgan Chase & Co. upped their target price on shares of CRH from $130.00 to $135.00 and gave the company an “overweight” rating in a research note on Tuesday, November 11th. DA Davidson boosted their price objective on shares of CRH from $110.00 to $116.00 and gave the company a “neutral” rating in a report on Wednesday, November 12th. Royal Bank Of Canada dropped their target price on shares of CRH from $152.00 to $150.00 and set an “outperform” rating on the stock in a report on Friday, November 7th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of CRH in a research report on Wednesday, November 19th. Finally, Wells Fargo & Company lowered their price target on CRH from $135.00 to $133.00 and set an “overweight” rating on the stock in a report on Friday, November 7th. Two analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, 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.