Federated Hermes Inc. Trims Stock Holdings in Crh Plc $CRH

Federated Hermes Inc. lowered its position in shares of Crh Plc (NYSE:CRH) by 40.5% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 607,032 shares of the construction company’s stock after selling 412,546 shares during the quarter. Federated Hermes Inc.’s holdings in CRH were worth $55,726,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Financiere des Professionnels Fonds d investissement inc. purchased a new position in shares of CRH during the second quarter worth $246,000. Ninety One UK Ltd boosted its holdings in CRH by 13.1% in the second quarter. Ninety One UK Ltd now owns 3,143,490 shares of the construction company’s stock valued at $288,572,000 after purchasing an additional 364,319 shares during the last quarter. Hsbc Holdings PLC grew its position in CRH by 100.2% during the 1st quarter. Hsbc Holdings PLC now owns 452,776 shares of the construction company’s stock worth $39,318,000 after purchasing an additional 226,602 shares during the period. National Pension Service raised its stake in shares of CRH by 8.6% during the 1st quarter. National Pension Service now owns 2,154,053 shares of the construction company’s stock valued at $189,492,000 after buying an additional 170,702 shares during the last quarter. Finally, Summit Securities Group LLC acquired a new position in shares of CRH in the 1st quarter valued at about $249,000. 62.50% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts recently weighed in on CRH shares. Sanford C. Bernstein lifted their price target on CRH from $115.00 to $130.00 and gave the company an “outperform” rating in a research report on Thursday, September 11th. JPMorgan Chase & Co. raised their price objective on shares of CRH from $130.00 to $135.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 11th. Jefferies Financial Group reiterated a “buy” rating on shares of CRH in a research note on Monday, December 1st. Bank of America initiated coverage on shares of CRH in a research report on Friday, September 26th. They set a “buy” rating and a $128.00 price target on the stock. Finally, Royal Bank Of Canada decreased their price objective on shares of CRH from $152.00 to $150.00 and set an “outperform” rating for the company in a research report on Friday, November 7th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $130.21.

CRH Stock Performance

CRH stock opened at $126.66 on Tuesday. The stock has a market capitalization of $84.89 billion, a P/E ratio of 25.23, a P/E/G ratio of 1.88 and a beta of 1.34. The company’s fifty day moving average price is $116.93 and its 200 day moving average price is $106.75. Crh Plc has a 1 year low of $76.75 and a 1 year high of $127.10.

CRH (NYSE:CRH) last posted 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 net margin of 9.30% and a return on equity of 16.25%. The business had revenue of $11.07 billion for the quarter, compared to the consensus estimate of $10.15 billion. During the same period last year, the firm posted $1.97 earnings per share. The company’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. Sell-side analysts predict that Crh Plc will post 5.47 EPS for the current year.

CRH Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 17th. Investors of record on Friday, November 21st will be issued a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 1.2%. The ex-dividend date is Friday, November 21st. CRH’s payout ratio is presently 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.