Corient Private Wealth LLC Lowers Stock Holdings in Crh Plc $CRH

Corient Private Wealth LLC reduced its stake in Crh Plc (NYSE:CRH) by 29.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,479 shares of the construction company’s stock after selling 9,373 shares during the period. Corient Private Wealth LLC’s holdings in CRH were worth $2,064,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of CRH. Canal Capital Management LLC grew its stake in CRH by 2.3% in the second quarter. Canal Capital Management LLC now owns 65,332 shares of the construction company’s stock worth $5,997,000 after purchasing an additional 1,460 shares in the last quarter. Valeo Financial Advisors LLC purchased a new stake in shares of CRH in the 2nd quarter worth $232,000. Osaic Holdings Inc. grew its position in shares of CRH by 260.4% during the 2nd quarter. Osaic Holdings Inc. now owns 96,705 shares of the construction company’s stock worth $8,611,000 after buying an additional 69,872 shares in the last quarter. Munro Partners bought a new position in shares of CRH during the 2nd quarter worth $4,097,000. Finally, B. Riley Wealth Advisors Inc. purchased a new position in shares of CRH during the second quarter valued at $678,000. Institutional investors own 62.50% of the company’s stock.

CRH Stock Up 0.3%

NYSE:CRH opened at $126.56 on Wednesday. Crh Plc has a 52 week low of $76.75 and a 52 week high of $128.95. The firm has a 50 day moving average of $118.54 and a 200 day moving average of $109.35. The stock has a market capitalization of $84.83 billion, a price-to-earnings ratio of 25.21, a PEG ratio of 2.05 and a beta of 1.35.

CRH (NYSE:CRH) last released its quarterly earnings results 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 business had revenue of $11.07 billion for the quarter, compared to analyst estimates of $10.15 billion. CRH had a net margin of 9.30% and a return on equity of 16.25%. The business’s revenue for the quarter was up 5.3% on a year-over-year basis. During the same period in the previous 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, analysts expect that Crh Plc will post 5.47 EPS for the current year.

CRH Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 17th. Investors of record on Friday, November 21st were given a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend was Friday, November 21st. CRH’s dividend payout ratio is currently 22.11%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on CRH. Morgan Stanley upped their price objective on shares of CRH from $131.00 to $140.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 10th. Wells Fargo & Company lowered their price target on shares of CRH from $135.00 to $133.00 and set an “overweight” rating for the company in a research report on Friday, November 7th. Sanford C. Bernstein lifted their price objective on shares of CRH from $115.00 to $130.00 and gave the company an “outperform” rating in a report on Thursday, September 11th. Bank of America began coverage on shares of CRH in a research note on Friday, September 26th. They issued a “buy” rating and a $128.00 price objective for the company. Finally, Royal Bank Of Canada dropped their target price on CRH from $152.00 to $150.00 and set an “outperform” rating on the stock in a research report on Friday, November 7th. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $132.60.

About CRH

CRH plc, originally formed as Cement Roadstone Holdings in 1970 and headquartered in Dublin, Ireland, is a global building materials group. The company has grown from its Irish roots into one of the largest international suppliers of construction materials, expanding primarily through acquisitions and regional business development. CRH operates an integrated network of manufacturing and distribution businesses that serve both public and private construction markets.

CRH’s core activities include the production and distribution of aggregates, cement, asphalt, ready-mixed concrete and other bulk materials, together with a broad range of value-added building products such as precast concrete, masonry, bricks, roofing products, pipe and drainage systems, and construction accessories.