Crh Plc $CRH Shares Sold by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. cut its stake in shares of Crh Plc (NYSE:CRH) by 70.8% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 27,468 shares of the construction company’s stock after selling 66,572 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in CRH were worth $3,293,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. Creekmur Asset Management LLC purchased a new stake in CRH in the second quarter valued at approximately $27,000. Park Place Capital Corp raised its holdings in shares of CRH by 59.9% in the 2nd quarter. Park Place Capital Corp now owns 307 shares of the construction company’s stock valued at $29,000 after buying an additional 115 shares during the period. Riggs Asset Managment Co. Inc. grew its position 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 valued at $30,000 after acquiring an additional 312 shares in the last quarter. Salomon & Ludwin LLC purchased a new stake in CRH during the third quarter worth about $32,000. Finally, Cullen Frost Bankers Inc. lifted its position in shares of CRH by 255.0% during the second quarter. Cullen Frost Bankers Inc. now owns 426 shares of the construction company’s stock worth $39,000 after purchasing an additional 306 shares in the last quarter. Hedge funds and other institutional investors own 62.50% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on CRH shares. Longbow Research assumed coverage on shares of CRH in a report on Tuesday, December 16th. They issued a “buy” rating and a $160.00 price objective for the company. DA Davidson increased their price objective on CRH from $110.00 to $116.00 and gave the company a “neutral” rating in a research note on Wednesday, November 12th. Truist Financial boosted their target price on CRH from $125.00 to $140.00 and gave the stock a “buy” rating in a research note on Thursday, October 2nd. UBS Group boosted their price objective on CRH from $138.00 to $147.00 and gave the stock a “buy” rating in a research report on Thursday. Finally, Citigroup upped their target price on shares of CRH from $142.00 to $155.00 and gave the stock a “buy” rating in a research note on Thursday. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and two have assigned 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 target price of $135.87.

CRH Stock Up 5.4%

CRH stock opened at $131.37 on Friday. The business has a 50 day moving average price of $120.76 and a 200 day moving average price of $112.52. The stock has a market cap of $88.05 billion, a price-to-earnings ratio of 26.17, a PEG ratio of 1.93 and a beta of 1.34. Crh Plc has a fifty-two week low of $76.75 and a fifty-two week high of $131.55.

CRH (NYSE:CRH) last released its quarterly earnings data 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 company had revenue of $11.07 billion for the quarter, compared to analysts’ expectations of $10.15 billion. CRH had a net margin of 9.30% and a return on equity of 16.25%. The firm’s revenue for the quarter was up 5.3% on a year-over-year basis. During the same quarter last 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, sell-side analysts anticipate that Crh Plc will post 5.47 EPS for the current year.

CRH Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 17th. Stockholders 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 dividend yield of 1.1%. CRH’s payout ratio is 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.