Federated Hermes Inc. Has $84.81 Million Stock Position in Crh Plc $CRH

Federated Hermes Inc. boosted its stake in Crh Plc (NYSE:CRH) by 16.5% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 707,362 shares of the construction company’s stock after purchasing an additional 100,330 shares during the quarter. Federated Hermes Inc. owned about 0.11% of CRH worth $84,813,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of CRH. Creekmur Asset Management LLC acquired a new position in shares of CRH in the 2nd quarter valued at approximately $27,000. Park Place Capital Corp increased its stake in CRH by 59.9% in the second 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 last quarter. Riggs Asset Managment Co. Inc. raised its position in CRH by 1,835.3% during the second quarter. Riggs Asset Managment Co. Inc. now owns 329 shares of the construction company’s stock valued at $30,000 after purchasing an additional 312 shares in the last quarter. Salomon & Ludwin LLC acquired a new position in CRH during the third quarter valued at approximately $32,000. Finally, Cullen Frost Bankers Inc. lifted its stake in CRH by 255.0% during the second quarter. Cullen Frost Bankers Inc. now owns 426 shares of the construction company’s stock worth $39,000 after purchasing an additional 306 shares during the last quarter. Institutional investors own 62.50% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on CRH shares. DA Davidson lifted their price target on CRH from $110.00 to $116.00 and gave the company a “neutral” rating in a research note on Wednesday, November 12th. Royal Bank Of Canada reduced 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. Jefferies Financial Group reissued a “buy” rating on shares of CRH in a research note on Monday, December 1st. Weiss Ratings reissued a “buy (b-)” rating on shares of CRH in a report on Monday, December 22nd. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of CRH in a research note on Monday, December 8th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $136.20.

CRH Trading Down 1.0%

Shares of CRH stock opened at $122.45 on Thursday. The business’s 50-day moving average price is $123.54 and its 200-day moving average price is $115.26. 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 $82.07 billion, a price-to-earnings ratio of 24.39, a PEG ratio of 1.81 and a beta of 1.34.

CRH (NYSE:CRH) last released its quarterly earnings data on Wednesday, November 5th. The construction company reported $2.21 earnings per share (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 company had revenue of $11.07 billion during the quarter, compared to the consensus estimate of $10.15 billion. During the same quarter in the prior year, the firm posted $1.97 earnings per share. The firm’s 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, sell-side analysts predict that Crh Plc will post 5.47 earnings per share for the current fiscal year.

CRH Dividend Announcement

The firm also recently declared 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 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date was Friday, November 21st. CRH’s payout ratio is 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.