Brown Advisory Inc. Sells 33,794 Shares of Crh Plc $CRH

Brown Advisory Inc. trimmed its position in Crh Plc (NYSE:CRH) by 11.5% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 259,376 shares of the construction company’s stock after selling 33,794 shares during the period. Brown Advisory Inc.’s holdings in CRH were worth $23,811,000 at the end of the most recent quarter.

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

Wall Street Analyst Weigh In

CRH has been the subject of a number of recent research reports. JPMorgan Chase & Co. increased their price objective on shares of CRH from $130.00 to $135.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 11th. UBS Group assumed coverage on CRH in a research report on Tuesday, October 14th. They set a “buy” rating and a $138.00 price target for the company. Barclays boosted their price target on CRH from $110.00 to $131.00 and gave the stock an “overweight” rating in a research report on Monday, October 20th. Weiss Ratings reissued a “buy (b)” rating on shares of CRH in a report on Monday, December 1st. Finally, Jefferies Financial Group restated a “buy” rating on shares of CRH in a report on Monday, December 1st. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, CRH currently has an average rating of “Moderate Buy” and an average price target of $129.54.

CRH Trading Down 1.2%

Shares of NYSE CRH opened at $119.65 on Friday. The company has a market capitalization of $80.20 billion, a P/E ratio of 23.83, a P/E/G ratio of 1.88 and a beta of 1.35. Crh Plc has a 12 month low of $76.75 and a 12 month high of $121.99. The stock has a 50 day moving average of $116.68 and a 200-day moving average of $106.45.

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. CRH had a return on equity of 16.25% and a net margin of 9.30%.The business had revenue of $11.07 billion during the quarter, compared to the consensus estimate of $10.15 billion. During the same quarter last year, the firm posted $1.97 EPS. The company’s quarterly revenue was up 5.3% on a year-over-year basis. CRH has set its FY 2025 guidance at 5.490-5.720 EPS. Analysts predict that Crh Plc will post 5.47 EPS for the current fiscal year.

CRH Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 17th. Investors of record on Friday, November 21st will be issued a dividend of $0.37 per share. 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 presently 22.11%.

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.