Crh Plc $CRH Shares Sold by Generali Asset Management SPA SGR

Generali Asset Management SPA SGR lessened its stake in Crh Plc (NYSE:CRH) by 19.4% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 64,592 shares of the construction company’s stock after selling 15,541 shares during the quarter. Generali Asset Management SPA SGR’s holdings in CRH were worth $7,745,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of CRH. True Wealth Design LLC raised its position in CRH by 1,138.1% during the third quarter. True Wealth Design LLC now owns 780 shares of the construction company’s stock valued at $94,000 after acquiring an additional 717 shares in the last quarter. Guyasuta Investment Advisors Inc. grew its stake in shares of CRH by 12.3% during the 3rd quarter. Guyasuta Investment Advisors Inc. now owns 6,855 shares of the construction company’s stock worth $822,000 after purchasing an additional 750 shares during the period. Salomon & Ludwin LLC purchased a new position in shares of CRH during the 3rd quarter valued at approximately $32,000. Ninety One SA PTY Ltd increased its holdings in shares of CRH by 24.2% during the 3rd quarter. Ninety One SA PTY Ltd now owns 76,083 shares of the construction company’s stock valued at $9,122,000 after purchasing an additional 14,824 shares in the last quarter. Finally, Ninety One UK Ltd lifted its stake in shares of CRH by 4.6% in the 3rd quarter. Ninety One UK Ltd now owns 3,286,988 shares of the construction company’s stock valued at $394,110,000 after purchasing an additional 143,498 shares during the period. Hedge funds and other institutional investors own 62.50% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on CRH. Jefferies Financial Group restated a “buy” rating on shares of CRH in a research report on Monday, December 1st. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of CRH in a research note on Monday, December 8th. Sanford C. Bernstein raised their target price on CRH from $115.00 to $130.00 and gave the company an “outperform” rating in a research report on Thursday, September 11th. Morgan Stanley upped their price target on CRH from $131.00 to $140.00 and gave the stock an “overweight” rating in a report on Wednesday, December 10th. Finally, Longbow Research started coverage on CRH in a research report on Tuesday, December 16th. They set a “buy” rating and a $160.00 price target on the stock. 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. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $132.60.

CRH Stock Down 0.7%

CRH stock opened at $124.96 on Friday. Crh Plc has a 52 week low of $76.75 and a 52 week high of $129.28. The firm has a 50-day simple moving average of $119.82 and a 200-day simple moving average of $110.80. The stock has a market capitalization of $83.76 billion, a P/E ratio of 24.89, a P/E/G ratio of 2.02 and a beta of 1.34.

CRH (NYSE:CRH) last posted 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. 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 analysts’ expectations of $10.15 billion. During the same period in the previous year, the firm posted $1.97 EPS. CRH’s revenue was up 5.3% compared to the same quarter last year. CRH has set its FY 2025 guidance at 5.490-5.720 EPS. On average, analysts expect that Crh Plc will post 5.47 earnings per share for the current year.

CRH Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 17th. Investors of record on Friday, November 21st were paid a $0.37 dividend. 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%.

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.