Bamco Inc. NY Has $75.66 Million Holdings in Crh Plc $CRH

Bamco Inc. NY raised its position in shares of Crh Plc (NYSE:CRH) by 45.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 824,165 shares of the construction company’s stock after buying an additional 257,331 shares during the period. Bamco Inc. NY owned about 0.12% of CRH worth $75,658,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Financiere des Professionnels Fonds d investissement inc. acquired a new position in CRH during the 2nd quarter worth about $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 acquiring an additional 364,319 shares during the last quarter. Hsbc Holdings PLC grew its stake 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 purchasing an additional 226,602 shares during the last quarter. Advanced Portfolio Management LLC bought a new stake in shares of CRH during the second quarter valued at approximately $1,148,000. Finally, Summit Securities Group LLC acquired a new stake in shares of CRH in the first quarter valued at approximately $249,000. Institutional investors own 62.50% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on CRH. Bank of America assumed coverage on CRH in a report on Friday, September 26th. They set a “buy” rating and a $128.00 price objective on the stock. JPMorgan Chase & Co. raised their price target on CRH from $130.00 to $135.00 and gave the company an “overweight” rating in a report on Tuesday, November 11th. Weiss Ratings reiterated a “buy (b)” rating on shares of CRH in a research report on Monday. UBS Group began coverage on shares of CRH in a research report on Tuesday, October 14th. They set a “buy” rating and a $138.00 target price on the stock. Finally, Truist Financial raised their target price 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. One 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’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $130.64.

CRH Trading Down 0.4%

NYSE:CRH opened at $126.53 on Friday. Crh Plc has a 1-year low of $76.75 and a 1-year high of $127.44. The firm has a market capitalization of $84.81 billion, a price-to-earnings ratio of 25.21, a PEG ratio of 2.06 and a beta of 1.35. The business’s 50-day moving average price is $117.36 and its two-hundred day moving average price is $107.45.

CRH (NYSE:CRH) last announced its quarterly earnings results on Wednesday, November 5th. The construction company reported $2.21 EPS for the quarter, beating analysts’ consensus estimates of $1.94 by $0.27. The company had revenue of $11.07 billion during the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same period in the prior year, the business posted $1.97 EPS. CRH has set its FY 2025 guidance at 5.490-5.720 EPS. Sell-side analysts predict that Crh Plc will post 5.47 earnings per share for the current year.

CRH Announces Dividend

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

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.