Advanced Portfolio Management LLC Makes New Investment in Crh Plc $CRH

Advanced Portfolio Management LLC bought a new stake in Crh Plc (NYSE:CRH) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 12,500 shares of the construction company’s stock, valued at approximately $1,148,000. CRH comprises approximately 3.2% of Advanced Portfolio Management LLC’s portfolio, making the stock its 13th largest holding.

Several other institutional investors and hedge funds have also modified their holdings of the business. Vanguard Group Inc. raised its position in CRH by 1.0% in the 2nd 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 during the last quarter. Massachusetts Financial Services Co. MA grew its holdings in shares of CRH by 24.3% during the second 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 during the last quarter. Norges Bank acquired a new stake in shares of CRH in the second quarter valued at $1,007,932,000. Boston Partners raised its holdings in shares of CRH by 9.4% in the second quarter. Boston Partners now owns 9,654,828 shares of the construction company’s stock valued at $888,810,000 after buying an additional 832,027 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in shares of CRH by 4.0% in the second quarter. Bank of New York Mellon Corp now owns 9,185,200 shares of the construction company’s stock valued at $843,201,000 after buying an additional 354,711 shares during the last quarter. 62.50% of the stock is owned by institutional investors and hedge funds.

CRH Trading Down 0.3%

CRH stock opened at $121.05 on Friday. The firm has a market capitalization of $81.14 billion, a P/E ratio of 24.11, a PEG ratio of 1.91 and a beta of 1.35. The business has a 50-day moving average of $116.56 and a 200-day moving average of $106.24. Crh Plc has a 1 year low of $76.75 and a 1 year high of $121.99.

CRH (NYSE:CRH) last announced its quarterly earnings results on Wednesday, November 5th. The construction company reported $2.21 earnings per share for the quarter, beating analysts’ consensus estimates 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 9.30% and a return on equity of 16.25%. CRH’s revenue for the quarter was up 5.3% on a year-over-year basis. During the same period last year, the company posted $1.97 EPS. CRH has set its FY 2025 guidance at 5.490-5.720 EPS. Research analysts anticipate that Crh Plc will post 5.47 EPS for the current fiscal year.

CRH Dividend Announcement

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. The ex-dividend date of this dividend is Friday, November 21st. This represents a $1.48 annualized dividend and a dividend yield of 1.2%. CRH’s payout ratio is 22.11%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on CRH shares. Jefferies Financial Group reaffirmed a “buy” rating on shares of CRH in a research note on Monday. Truist Financial increased their price target on shares of CRH from $125.00 to $140.00 and gave the company a “buy” rating in a research note on Thursday, October 2nd. Sanford C. Bernstein boosted their price objective on shares of CRH from $115.00 to $130.00 and gave the stock an “outperform” rating in a research report on Thursday, September 11th. DA Davidson upped 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. Finally, JPMorgan Chase & Co. increased their price objective on CRH from $130.00 to $135.00 and gave the company an “overweight” rating in a research report on Tuesday, November 11th. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate 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.