AustralianSuper Pty Ltd Raises Position in Crh Plc $CRH

AustralianSuper Pty Ltd raised its holdings in shares of Crh Plc (NYSE:CRH) by 791.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 404,822 shares of the construction company’s stock after buying an additional 359,403 shares during the quarter. AustralianSuper Pty Ltd owned about 0.06% of CRH worth $48,538,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently modified their holdings of the company. Creekmur Asset Management LLC purchased a new stake in CRH in the second quarter valued at approximately $27,000. Park Place Capital Corp boosted its stake 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 purchasing an additional 115 shares in the last quarter. Riggs Asset Managment Co. Inc. lifted its stake in CRH by 1,835.3% in the second quarter. Riggs Asset Managment Co. Inc. now owns 329 shares of the construction company’s stock worth $30,000 after purchasing an additional 312 shares during the last quarter. Salomon & Ludwin LLC bought a new stake in shares of CRH in the 3rd quarter valued at about $32,000. Finally, Cullen Frost Bankers Inc. lifted its position in CRH by 255.0% in the second quarter. Cullen Frost Bankers Inc. now owns 426 shares of the construction company’s stock valued at $39,000 after purchasing an additional 306 shares during the last quarter. Institutional investors own 62.50% of the company’s stock.

CRH Trading Down 1.0%

CRH opened at $122.45 on Thursday. The firm’s 50 day simple moving average is $123.54 and its two-hundred day simple moving average is $115.26. The company has a market capitalization of $82.07 billion, a PE ratio of 24.39, a PEG ratio of 1.81 and a beta of 1.34. Crh Plc has a 1-year low of $76.75 and a 1-year high of $131.55.

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

CRH Announces Dividend

The business also recently disclosed 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. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend was Friday, November 21st. CRH’s payout ratio is presently 22.11%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. Wells Fargo & Company reiterated an “equal weight” rating and set a $138.00 price target (up from $133.00) on shares of CRH in a report on Tuesday, January 13th. Jefferies Financial Group restated a “buy” rating on shares of CRH in a report on Monday, December 1st. Morgan Stanley increased their price objective on CRH from $131.00 to $140.00 and gave the stock an “overweight” rating in a report on Wednesday, December 10th. Longbow Research initiated coverage on CRH in a report on Tuesday, December 16th. They set a “buy” rating and a $160.00 target price for the company. Finally, UBS Group lifted their price target on shares of CRH from $138.00 to $147.00 and gave the company a “buy” rating in a report on Thursday, January 8th. Two analysts have 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 data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $136.20.

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.