Arkadios Wealth Advisors Makes New Investment in Crh Plc $CRH

Arkadios Wealth Advisors bought a new stake in shares of Crh Plc (NYSE:CRH) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 4,515 shares of the construction company’s stock, valued at approximately $541,000.

Other large investors also recently modified their holdings of the company. Salomon & Ludwin LLC bought a new stake in shares of CRH in the third quarter valued at approximately $32,000. Creekmur Asset Management LLC bought a new stake in CRH during the 2nd quarter valued at $27,000. Park Place Capital Corp raised 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 acquiring an additional 115 shares during the period. Riggs Asset Managment Co. Inc. lifted its position 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 worth $30,000 after acquiring an additional 312 shares in the last quarter. Finally, Cullen Frost Bankers Inc. boosted its holdings in shares of CRH by 255.0% in the second quarter. Cullen Frost Bankers Inc. now owns 426 shares of the construction company’s stock worth $39,000 after acquiring an additional 306 shares during the period. Hedge funds and other institutional investors own 62.50% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on CRH shares. Citigroup upped their target price on shares of CRH from $142.00 to $155.00 and gave the stock a “buy” rating in a report on Thursday, January 8th. Truist Financial increased their price target on shares of CRH from $125.00 to $140.00 and gave the stock a “buy” rating in a report on Thursday, October 2nd. DA Davidson lifted their price objective on shares of CRH from $110.00 to $116.00 and gave the stock a “neutral” rating in a report on Wednesday, November 12th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of CRH in a research report on Monday, December 8th. Finally, Barclays lifted their price target on CRH from $110.00 to $131.00 and gave the stock an “overweight” rating in a research note on Monday, October 20th. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, CRH currently has an average rating of “Moderate Buy” and a consensus price target of $136.20.

CRH Trading Down 0.1%

Shares of CRH opened at $122.74 on Tuesday. Crh Plc has a 1-year low of $76.75 and a 1-year high of $131.55. The firm’s 50-day moving average price is $123.00 and its 200-day moving average price is $115.01. The firm has a market capitalization of $82.27 billion, a price-to-earnings ratio of 24.45, a PEG ratio of 1.80 and a beta of 1.34.

CRH (NYSE:CRH) last issued its quarterly earnings data on Wednesday, November 5th. The construction company reported $2.21 EPS for the quarter, topping 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 business had revenue of $11.07 billion during the quarter, compared to analyst estimates of $10.15 billion. During the same period last year, the business posted $1.97 earnings per share. CRH’s quarterly 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, research analysts forecast that Crh Plc will post 5.47 EPS for the current fiscal year.

CRH Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 17th. Stockholders of record on Friday, November 21st were issued a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 1.2%. The ex-dividend date was Friday, November 21st. CRH’s dividend payout ratio (DPR) is presently 22.11%.

CRH Company 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.