Crh Plc $CRH Shares Purchased by Exane Asset Management

Exane Asset Management increased its position in shares of Crh Plc (NYSE:CRH) by 21.2% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 663,774 shares of the construction company’s stock after buying an additional 116,178 shares during the quarter. CRH comprises 29.0% of Exane Asset Management’s investment portfolio, making the stock its biggest holding. Exane Asset Management owned about 0.10% of CRH worth $80,735,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Norges Bank acquired a new position in shares of CRH in the 2nd quarter valued at $1,007,932,000. Eleva Capital SAS purchased a new position in CRH during the 2nd quarter worth $250,562,000. Massachusetts Financial Services Co. MA increased its stake in CRH by 24.3% in the second quarter. Massachusetts Financial Services Co. MA now owns 12,803,346 shares of the construction company’s stock valued at $1,175,347,000 after purchasing an additional 2,499,558 shares during the period. Marshall Wace LLP raised its holdings in shares of CRH by 45.3% in the second quarter. Marshall Wace LLP now owns 6,031,903 shares of the construction company’s stock valued at $553,729,000 after buying an additional 1,881,550 shares during the last quarter. Finally, Baupost Group LLC MA boosted its stake in shares of CRH by 42.0% during the second quarter. Baupost Group LLC MA now owns 3,825,395 shares of the construction company’s stock worth $351,171,000 after buying an additional 1,131,000 shares during the period. Hedge funds and other institutional investors own 62.50% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. Barclays increased their price objective on CRH from $110.00 to $131.00 and gave the stock an “overweight” rating in a research report on Monday, October 20th. Truist Financial lifted their price target on CRH from $125.00 to $140.00 and gave the company a “buy” rating in a research note on Thursday, October 2nd. Jefferies Financial Group reiterated a “buy” rating on shares of CRH in a report on Monday, December 1st. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of CRH in a report on Monday, December 8th. Finally, DA Davidson boosted their price target on CRH from $110.00 to $116.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 12th. 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. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $136.20.

CRH Price Performance

CRH stock opened at $123.72 on Wednesday. Crh Plc has a 12 month low of $76.75 and a 12 month high of $131.55. The firm has a market capitalization of $82.92 billion, a PE ratio of 24.64, a P/E/G ratio of 1.80 and a beta of 1.34. The company’s 50 day simple moving average is $123.30 and its 200-day simple moving average is $115.21.

CRH (NYSE:CRH) last announced its earnings results on Wednesday, November 5th. The construction company reported $2.21 EPS for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $10.15 billion. During the same quarter in the prior year, the firm earned $1.97 EPS. CRH’s quarterly revenue was up 5.3% on a year-over-year basis. 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 earnings per share for the current year.

CRH Announces Dividend

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

CRH 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.