Diversified Trust Co Increases Stake in Crh Plc $CRH

Diversified Trust Co lifted its position in Crh Plc (NYSE:CRH) by 38.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,374 shares of the construction company’s stock after acquiring an additional 5,108 shares during the quarter. Diversified Trust Co’s holdings in CRH were worth $2,203,000 as of its most recent SEC filing.

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

Analyst Upgrades and Downgrades

Several brokerages have issued reports on CRH. UBS Group began coverage on CRH in a research report on Tuesday, October 14th. They set a “buy” rating and a $138.00 target price on the stock. Weiss Ratings restated a “buy (b-)” rating on shares of CRH in a research note on Monday, December 22nd. Royal Bank Of Canada cut their target price on CRH from $152.00 to $150.00 and set an “outperform” rating on the stock in a research note on Friday, November 7th. Jefferies Financial Group reissued a “buy” rating on shares of CRH in a research report on Monday, December 1st. Finally, Bank of America began coverage on shares of CRH in a research report on Friday, September 26th. They issued a “buy” rating and a $128.00 price objective on the stock. 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 stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $132.60.

CRH Stock Performance

CRH stock opened at $125.80 on Wednesday. The stock has a market cap of $84.32 billion, a PE ratio of 25.06, a price-to-earnings-growth ratio of 2.06 and a beta of 1.35. The stock has a 50-day moving average of $119.52 and a two-hundred day moving average of $110.61. Crh Plc has a one year low of $76.75 and a one year high of $129.28.

CRH (NYSE:CRH) last issued its quarterly earnings results on Wednesday, November 5th. The construction company reported $2.21 earnings per share for the quarter, topping analysts’ consensus estimates 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 return on equity of 16.25% and a net margin of 9.30%.The company’s revenue was up 5.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.97 earnings per share. CRH has set its FY 2025 guidance at 5.490-5.720 EPS. As a group, sell-side analysts predict that Crh Plc will post 5.47 EPS for the current fiscal year.

CRH Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 17th. Shareholders of record on Friday, November 21st were paid 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 presently 22.11%.

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.