Vontobel Holding Ltd. Grows Position in Crh Plc $CRH

Vontobel Holding Ltd. increased its stake in shares of Crh Plc (NYSE:CRH) by 23.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,353,662 shares of the construction company’s stock after buying an additional 442,818 shares during the quarter. Vontobel Holding Ltd. owned about 0.35% of CRH worth $282,204,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. grew its stake in CRH by 1.0% during the 2nd quarter. Vanguard Group Inc. now owns 64,405,066 shares of the construction company’s stock valued at $5,912,385,000 after purchasing an additional 649,598 shares during the last quarter. Massachusetts Financial Services Co. MA raised its stake in shares of 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 worth $1,175,347,000 after purchasing an additional 2,499,558 shares during the last quarter. Norges Bank acquired a new stake in shares of CRH during the second quarter worth about $1,007,932,000. Boston Partners increased its holdings in CRH by 9.4% in the 2nd quarter. Boston Partners now owns 9,654,828 shares of the construction company’s stock worth $888,810,000 after buying an additional 832,027 shares during the period. Finally, Bank of New York Mellon Corp raised its position in CRH by 4.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 9,185,200 shares of the construction company’s stock worth $843,201,000 after buying an additional 354,711 shares during the last quarter. 62.50% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CRH has been the topic of several recent research reports. Royal Bank Of Canada dropped their price objective on shares of CRH from $152.00 to $150.00 and set an “outperform” rating on the stock in a report on Friday, November 7th. Truist Financial upped their price target on shares of CRH from $125.00 to $140.00 and gave the company a “buy” rating in a report on Thursday, October 2nd. Wells Fargo & Company cut their price target on CRH from $135.00 to $133.00 and set an “overweight” rating on the stock in a research report on Friday, November 7th. Sanford C. Bernstein boosted their price objective on CRH from $115.00 to $130.00 and gave the company an “outperform” rating in a report on Thursday, September 11th. Finally, UBS Group began coverage on CRH in a research note on Tuesday, October 14th. They issued a “buy” rating and a $138.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, CRH has a consensus rating of “Moderate Buy” and a consensus price target of $132.60.

CRH Stock Up 0.3%

CRH stock opened at $126.56 on Wednesday. Crh Plc has a 52-week low of $76.75 and a 52-week high of $128.95. The firm has a market cap of $84.83 billion, a P/E ratio of 25.21, a PEG ratio of 2.05 and a beta of 1.35. The company’s 50-day simple moving average is $118.54 and its 200-day simple moving average is $109.35.

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

CRH Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 17th. Stockholders of record on Friday, November 21st were paid a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend was Friday, November 21st. CRH’s dividend 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.