Quantbot Technologies LP Acquires New Holdings in Crh Plc $CRH

Quantbot Technologies LP bought a new position in Crh Plc (NYSE:CRH) in the 2nd quarter, HoldingsChannel reports. The fund bought 70,887 shares of the construction company’s stock, valued at approximately $6,507,000.

A number of other hedge funds also recently made changes to their positions in the business. Creekmur Asset Management LLC acquired a new position in shares of CRH during the second quarter worth approximately $27,000. Park Place Capital Corp raised its stake 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 in the last quarter. Cullen Frost Bankers Inc. boosted its position in CRH by 255.0% during the 2nd 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. Ransom Advisory Ltd bought a new position in shares of CRH in the first quarter worth $47,000. Finally, Richardson Financial Services Inc. grew its stake in shares of CRH by 29.4% in the second quarter. Richardson Financial Services Inc. now owns 678 shares of the construction company’s stock worth $63,000 after purchasing an additional 154 shares in the last quarter. Institutional investors own 62.50% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on CRH shares. Bank of America initiated coverage on shares of CRH in a research note on Friday, September 26th. They set a “buy” rating and a $128.00 price objective on the stock. Sanford C. Bernstein boosted their price target on shares of CRH from $115.00 to $130.00 and gave the stock an “outperform” rating in a research report on Thursday, September 11th. DA Davidson upped their price target on shares of CRH from $110.00 to $116.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 12th. UBS Group began coverage on shares of CRH in a research note on Tuesday, October 14th. They set a “buy” rating and a $138.00 price objective on the stock. Finally, Barclays upped their target price on CRH from $110.00 to $131.00 and gave the stock an “overweight” rating in a research report on Monday, October 20th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $129.54.

CRH Price Performance

CRH stock opened at $118.79 on Wednesday. Crh Plc has a fifty-two week low of $76.75 and a fifty-two week high of $121.99. The firm’s 50 day simple moving average is $116.20 and its 200-day simple moving average is $106.03. The company has a market cap of $79.62 billion, a P/E ratio of 23.66, a price-to-earnings-growth ratio of 1.89 and a beta of 1.35.

CRH (NYSE:CRH) last posted its quarterly earnings data on Wednesday, November 5th. The construction company reported $2.21 EPS for the quarter, topping analysts’ consensus estimates of $1.94 by $0.27. CRH had a net margin of 9.30% and a return on equity of 16.25%. The firm had revenue of $11.07 billion during the quarter, compared to analyst estimates of $10.15 billion. During the same quarter last year, the business posted $1.97 EPS. The company’s revenue was up 5.3% on a year-over-year basis. CRH has set its FY 2025 guidance at 5.490-5.720 EPS. On average, analysts expect that Crh Plc will post 5.47 EPS for the current fiscal year.

CRH Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 17th. Stockholders of record on Friday, November 21st will be issued a dividend of $0.37 per share. The ex-dividend date is Friday, November 21st. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.2%. CRH’s payout ratio is currently 22.11%.

CRH Profile

CRH plc, together with its subsidiaries, provides building materials solutions in Ireland and internationally. It operates through four segments: Americas Materials Solutions, Americas Building Solutions, Europe Materials Solutions, and Europe Building Solutions. The company provides solutions for the construction and maintenance of public infrastructure and commercial and residential buildings; and produces and sells aggregates, cement, readymixed concrete, and asphalt, as well as provides paving and construction services.