Cerity Partners LLC Sells 27,421 Shares of Crh Plc $CRH

Cerity Partners LLC cut its holdings in shares of Crh Plc (NYSE:CRH) by 15.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 145,198 shares of the construction company’s stock after selling 27,421 shares during the period. Cerity Partners LLC’s holdings in CRH were worth $13,329,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in CRH. Mission Wealth Management LP boosted its stake in CRH by 1.1% during the 2nd quarter. Mission Wealth Management LP now owns 9,548 shares of the construction company’s stock valued at $877,000 after purchasing an additional 107 shares during the last quarter. Sound View Wealth Advisors Group LLC lifted its holdings in shares of CRH by 3.7% in the second quarter. Sound View Wealth Advisors Group LLC now owns 2,982 shares of the construction company’s stock valued at $274,000 after purchasing an additional 107 shares in the last quarter. Park Place Capital Corp lifted its holdings 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 valued at $29,000 after purchasing an additional 115 shares in the last quarter. Callan Family Office LLC boosted its position in shares of CRH by 4.4% during the first quarter. Callan Family Office LLC now owns 3,074 shares of the construction company’s stock valued at $270,000 after buying an additional 129 shares during the last quarter. Finally, LRI Investments LLC grew its holdings in CRH by 9.2% during the second quarter. LRI Investments LLC now owns 1,669 shares of the construction company’s stock worth $153,000 after buying an additional 140 shares in the last quarter. Institutional investors and hedge funds own 62.50% of the company’s stock.

CRH Stock Up 1.2%

Shares of CRH stock opened at $125.21 on Thursday. The firm has a market cap of $83.92 billion, a P/E ratio of 24.94, a PEG ratio of 2.00 and a beta of 1.35. The company has a 50 day moving average of $117.11 and a 200-day moving average of $107.09. Crh Plc has a 12-month low of $76.75 and a 12-month high of $127.10.

CRH (NYSE:CRH) last announced its quarterly earnings data on Wednesday, November 5th. The construction company reported $2.21 earnings per share for the quarter, beating the consensus estimate of $1.94 by $0.27. The business had revenue of $11.07 billion during the quarter, compared to analyst estimates of $10.15 billion. CRH had a return on equity of 16.25% and a net margin of 9.30%.CRH’s revenue was up 5.3% compared to the same quarter last year. During the same period in the prior year, the company earned $1.97 earnings per share. CRH has set its FY 2025 guidance at 5.490-5.720 EPS. As a group, equities analysts expect that Crh Plc will post 5.47 EPS for the current year.

CRH Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 17th. Investors of record on Friday, November 21st will be paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Friday, November 21st. CRH’s payout ratio is currently 22.11%.

Wall Street Analyst Weigh In

CRH has been the topic of several recent analyst reports. Wells Fargo & Company dropped their price objective on CRH from $135.00 to $133.00 and set an “overweight” rating on the stock in a research note on Friday, November 7th. Barclays raised their price target on shares of CRH from $110.00 to $131.00 and gave the company an “overweight” rating in a research report on Monday, October 20th. Morgan Stanley boosted their price target on shares of CRH from $131.00 to $140.00 and gave the stock an “overweight” rating in a report on Wednesday. Sanford C. Bernstein increased their price objective on shares of CRH from $115.00 to $130.00 and gave the company an “outperform” rating in a research note on Thursday, September 11th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of CRH in a research report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $130.64.

CRH Company 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.