Bank of New York Mellon Corp Has $1.17 Billion Stock Position in Crh Plc $CRH

Bank of New York Mellon Corp lifted its position in shares of Crh Plc (NYSE:CRH) by 6.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,788,282 shares of the construction company’s stock after purchasing an additional 603,082 shares during the quarter. Bank of New York Mellon Corp owned approximately 1.46% of CRH worth $1,173,615,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of CRH. NewEdge Advisors LLC boosted its stake in CRH by 158.5% during the first quarter. NewEdge Advisors LLC now owns 8,670 shares of the construction company’s stock worth $763,000 after buying an additional 5,316 shares in the last quarter. Empowered Funds LLC boosted its position in shares of CRH by 5.3% during the 1st quarter. Empowered Funds LLC now owns 13,178 shares of the construction company’s stock valued at $1,159,000 after acquiring an additional 658 shares in the last quarter. Sivia Capital Partners LLC boosted its position in shares of CRH by 58.5% during the 2nd quarter. Sivia Capital Partners LLC now owns 4,279 shares of the construction company’s stock valued at $393,000 after acquiring an additional 1,579 shares in the last quarter. Asio Capital LLC increased its stake in CRH by 2.9% in the second quarter. Asio Capital LLC now owns 60,546 shares of the construction company’s stock valued at $5,558,000 after acquiring an additional 1,704 shares during the period. Finally, Park Place Capital Corp raised its position in CRH by 59.9% in the second quarter. Park Place Capital Corp now owns 307 shares of the construction company’s stock worth $29,000 after purchasing an additional 115 shares in the last quarter. 62.50% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on CRH shares. Royal Bank Of Canada lowered their price objective on CRH from $152.00 to $150.00 and set an “outperform” rating on the stock in a research note on Friday, November 7th. Barclays upped their price target on CRH from $110.00 to $131.00 and gave the company an “overweight” rating in a research report on Monday, October 20th. Morgan Stanley lifted their price objective on CRH from $131.00 to $140.00 and gave the company an “overweight” rating in a report on Wednesday, December 10th. Truist Financial upped their target price on shares of CRH from $125.00 to $140.00 and gave the stock a “buy” rating in a report on Thursday, October 2nd. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of CRH in a research report on Monday, December 22nd. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $136.20.

CRH Stock Performance

Shares of CRH stock opened at $123.72 on Wednesday. Crh Plc has a 52 week low of $76.75 and a 52 week high of $131.55. The stock has a market capitalization of $82.92 billion, a PE ratio of 24.64, a PEG ratio of 1.80 and a beta of 1.34. The stock’s fifty day moving average is $123.30 and its 200-day moving average is $115.21.

CRH (NYSE:CRH) last issued its quarterly earnings results 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. The business had revenue of $11.07 billion for the quarter, compared to the consensus estimate of $10.15 billion. CRH had a net margin of 9.30% and a return on equity of 16.25%. The firm’s quarterly revenue was up 5.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.97 EPS. CRH has set its FY 2025 guidance at 5.490-5.720 EPS. As a group, analysts forecast that Crh Plc will post 5.47 earnings per share for the current fiscal year.

CRH Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 17th. Investors of record on Friday, November 21st were issued a $0.37 dividend. The ex-dividend date of this dividend 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%.

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.