B. Riley Wealth Advisors Inc. Takes Position in Crh Plc $CRH

B. Riley Wealth Advisors Inc. acquired a new position in Crh Plc (NYSE:CRH) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 7,384 shares of the construction company’s stock, valued at approximately $678,000.

Several other hedge funds have also bought and sold shares of the stock. L1 Capital Pty Ltd grew its stake in shares of CRH by 13.4% during the 2nd quarter. L1 Capital Pty Ltd now owns 1,295,560 shares of the construction company’s stock valued at $118,932,000 after acquiring an additional 153,123 shares during the period. Hudson Bay Capital Management LP lifted its stake in CRH by 428.1% in the 2nd quarter. Hudson Bay Capital Management LP now owns 52,809 shares of the construction company’s stock worth $4,848,000 after purchasing an additional 42,809 shares in the last quarter. Evergreen Capital Management LLC lifted its position in shares of CRH by 0.8% in the second quarter. Evergreen Capital Management LLC now owns 107,041 shares of the construction company’s stock worth $9,826,000 after buying an additional 879 shares in the last quarter. Headlands Technologies LLC boosted its position in shares of CRH by 153.9% during the 2nd quarter. Headlands Technologies LLC now owns 25,870 shares of the construction company’s stock valued at $2,375,000 after acquiring an additional 15,682 shares during the last quarter. Finally, SkyView Investment Advisors LLC grew its stake in shares of CRH by 0.9% in the 2nd quarter. SkyView Investment Advisors LLC now owns 26,758 shares of the construction company’s stock worth $2,449,000 after buying an additional 251 shares in the last quarter. Institutional investors own 62.50% of the company’s stock.

Analyst Ratings Changes

CRH has been the topic of several analyst reports. JPMorgan Chase & Co. boosted their price objective on CRH from $130.00 to $135.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 11th. Jefferies Financial Group restated a “buy” rating on shares of CRH in a research report on Monday, December 1st. Weiss Ratings reiterated a “buy (b)” rating on shares of CRH in a research report on Monday, December 8th. Barclays raised their target price on shares of CRH from $110.00 to $131.00 and gave the stock an “overweight” rating in a report on Monday, October 20th. Finally, DA Davidson lifted their price target on shares of CRH from $110.00 to $116.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 12th. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $132.60.

CRH Stock Performance

Shares of NYSE:CRH opened at $127.25 on Wednesday. The firm’s 50 day simple moving average is $117.76 and its 200-day simple moving average is $108.15. Crh Plc has a one year low of $76.75 and a one year high of $128.95. The firm has a market cap of $85.29 billion, a PE ratio of 25.35, a price-to-earnings-growth ratio of 2.06 and a beta of 1.35.

CRH (NYSE:CRH) last announced its quarterly earnings data on Wednesday, November 5th. The construction company reported $2.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.94 by $0.27. The company had revenue of $11.07 billion for 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% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.97 earnings per share. CRH has set its FY 2025 guidance at 5.490-5.720 EPS. Equities research analysts predict that Crh Plc will post 5.47 EPS for the current fiscal year.

CRH Dividend Announcement

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 issued a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 1.2%. The ex-dividend date is Friday, November 21st. 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.