Crh Plc $CRH Shares Purchased by Cerity Partners LLC

Cerity Partners LLC boosted its position in shares of Crh Plc (NYSE:CRH) by 41.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 204,735 shares of the construction company’s stock after buying an additional 59,537 shares during the period. Cerity Partners LLC’s holdings in CRH were worth $24,548,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the company. Galvin Gaustad & Stein LLC grew its position in shares of CRH by 19.8% during the third quarter. Galvin Gaustad & Stein LLC now owns 117,885 shares of the construction company’s stock worth $14,134,000 after acquiring an additional 19,524 shares during the last quarter. Greenleaf Trust grew its position in CRH by 4.7% during the 3rd quarter. Greenleaf Trust now owns 5,885 shares of the construction company’s stock worth $706,000 after purchasing an additional 262 shares during the last quarter. D.A. Davidson & CO. increased its stake in CRH by 1.3% in the third quarter. D.A. Davidson & CO. now owns 11,972 shares of the construction company’s stock valued at $1,435,000 after purchasing an additional 157 shares during the period. Commonwealth Equity Services LLC raised its holdings in shares of CRH by 20.5% in the third quarter. Commonwealth Equity Services LLC now owns 42,428 shares of the construction company’s stock valued at $5,087,000 after buying an additional 7,224 shares during the last quarter. Finally, Fifth Third Wealth Advisors LLC acquired a new stake in shares of CRH during the third quarter worth about $243,000. 62.50% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CRH has been the topic of several recent research reports. JPMorgan Chase & Co. boosted their price target on CRH from $130.00 to $135.00 and gave the company an “overweight” rating in a research report on Tuesday, November 11th. Bank of America began coverage on CRH in a report on Friday, September 26th. They issued a “buy” rating and a $128.00 target price on the stock. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of CRH in a report on Monday, December 8th. Barclays boosted their price objective on shares of CRH from $110.00 to $131.00 and gave the company an “overweight” rating in a research note on Monday, October 20th. Finally, Longbow Research began coverage on shares of CRH in a research note on Tuesday, December 16th. They issued a “buy” rating and a $160.00 target price for the company. One equities 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 presently has an average rating of “Moderate Buy” and an average price target of $135.87.

CRH Stock Performance

Shares of NYSE CRH opened at $131.37 on Friday. Crh Plc has a one year low of $76.75 and a one year high of $131.55. The firm has a market capitalization of $88.05 billion, a P/E ratio of 26.17, a PEG ratio of 1.83 and a beta of 1.34. The company’s fifty day moving average is $120.76 and its two-hundred day moving average is $112.38.

CRH (NYSE:CRH) last announced its quarterly earnings data on Wednesday, November 5th. The construction company reported $2.21 EPS for the quarter, beating the consensus estimate of $1.94 by $0.27. CRH had a net margin of 9.30% and a return on equity of 16.25%. The firm had revenue of $11.07 billion during the quarter, compared to analysts’ expectations of $10.15 billion. During the same quarter last year, the business earned $1.97 earnings per share. The business’s revenue for the quarter 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, sell-side analysts forecast that Crh Plc will post 5.47 earnings per share for the current fiscal year.

CRH Announces Dividend

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 1.1%. The ex-dividend date of this dividend was Friday, November 21st. CRH’s dividend payout ratio (DPR) is presently 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.