Campbell & CO Investment Adviser LLC Cuts Stake in Crh Plc $CRH

Campbell & CO Investment Adviser LLC decreased its stake in shares of Crh Plc (NYSE:CRH) by 40.0% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 8,739 shares of the construction company’s stock after selling 5,828 shares during the quarter. Campbell & CO Investment Adviser LLC’s holdings in CRH were worth $1,048,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of CRH. Creekmur Asset Management LLC purchased a new position in shares of CRH during the second quarter valued at about $27,000. Park Place Capital Corp grew its holdings in CRH by 59.9% during 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 in the last quarter. Riggs Asset Managment Co. Inc. increased 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 acquiring an additional 312 shares during the last quarter. Salomon & Ludwin LLC purchased a new stake in shares of CRH during the 3rd quarter worth approximately $32,000. Finally, Cullen Frost Bankers Inc. boosted its position in shares of CRH by 255.0% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 426 shares of the construction company’s stock valued at $39,000 after acquiring an additional 306 shares during the last quarter. 62.50% of the stock is owned by hedge funds and other institutional investors.

CRH Stock Up 0.4%

Shares of NYSE CRH opened at $123.08 on Monday. Crh Plc has a twelve month low of $76.75 and a twelve month high of $131.55. The firm has a market cap of $82.50 billion, a PE ratio of 24.52, a price-to-earnings-growth ratio of 1.80 and a beta of 1.34. The business has a fifty day simple moving average of $121.71 and a two-hundred day simple moving average of $113.86.

CRH (NYSE:CRH) last announced its quarterly earnings results 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 return on equity of 16.25% and a net margin of 9.30%.The firm had revenue of $11.07 billion for the quarter, compared to analyst estimates of $10.15 billion. During the same quarter last year, the firm posted $1.97 earnings per share. The business’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, research analysts expect that Crh Plc will post 5.47 earnings per share for the current year.

CRH Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 17th. Stockholders 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 dividend yield of 1.2%. CRH’s dividend payout ratio (DPR) is currently 22.11%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. DA Davidson increased their price objective on shares of CRH from $110.00 to $116.00 and gave the company a “neutral” rating in a research report on Wednesday, November 12th. Jefferies Financial Group reissued a “buy” rating on shares of CRH in a research note on Monday, December 1st. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of CRH in a research note on Monday, December 8th. 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 report on Friday, November 7th. Finally, Morgan Stanley raised their price target on CRH from $131.00 to $140.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 10th. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $136.20.

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.