ARS Investment Partners LLC Cuts Position in Crh Plc $CRH

ARS Investment Partners LLC lessened its stake in shares of Crh Plc (NYSE:CRH) by 11.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 375,355 shares of the construction company’s stock after selling 47,177 shares during the quarter. CRH comprises 3.0% of ARS Investment Partners LLC’s investment portfolio, making the stock its 9th biggest holding. ARS Investment Partners LLC owned about 0.06% of CRH worth $45,005,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Creekmur Asset Management LLC bought a new position in CRH during the 2nd quarter valued at $27,000. Park Place Capital Corp boosted its holdings in CRH by 59.9% in the 2nd quarter. Park Place Capital Corp now owns 307 shares of the construction company’s stock worth $29,000 after buying an additional 115 shares during the period. Riggs Asset Managment Co. Inc. boosted its stake in CRH by 1,835.3% in the 2nd quarter. Riggs Asset Managment Co. Inc. now owns 329 shares of the construction company’s stock worth $30,000 after purchasing an additional 312 shares during the period. Cullen Frost Bankers Inc. boosted its holdings in CRH by 255.0% in the 2nd quarter. Cullen Frost Bankers Inc. now owns 426 shares of the construction company’s stock valued at $39,000 after purchasing an additional 306 shares during the period. Finally, Ransom Advisory Ltd purchased a new stake in shares of CRH in the 1st quarter valued at about $47,000. 62.50% of the stock is owned by institutional investors.

CRH Stock Up 0.9%

Shares of CRH stock opened at $127.75 on Thursday. The stock has a market cap of $85.63 billion, a P/E ratio of 25.45, a PEG ratio of 2.05 and a beta of 1.35. The company’s fifty day simple moving average is $118.72 and its two-hundred day simple moving average is $109.48. Crh Plc has a 52 week low of $76.75 and a 52 week high of $128.95.

CRH (NYSE:CRH) last posted its earnings results on Wednesday, November 5th. The construction company reported $2.21 EPS for the quarter, topping analysts’ consensus estimates of $1.94 by $0.27. CRH had a return on equity of 16.25% and a net margin of 9.30%.The company had revenue of $11.07 billion for the quarter, compared to the consensus estimate of $10.15 billion. During the same period in the previous year, the business earned $1.97 earnings per share. The firm’s revenue for the quarter was up 5.3% on a year-over-year basis. CRH has set its FY 2025 guidance at 5.490-5.720 EPS. On average, analysts anticipate that Crh Plc will post 5.47 EPS for the current fiscal year.

CRH Dividend Announcement

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

Analysts Set New Price Targets

Several brokerages have issued reports on CRH. Morgan Stanley lifted their price target on CRH from $131.00 to $140.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 10th. JPMorgan Chase & Co. raised their price objective on shares of CRH from $130.00 to $135.00 and gave the stock an “overweight” rating in a report on Tuesday, November 11th. 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. Bank of America assumed coverage on shares of CRH in a research note on Friday, September 26th. They issued a “buy” rating and a $128.00 target price on the stock. 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 investment 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.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $132.60.

CRH Profile

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.