Crh Plc $CRH Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC trimmed its holdings in shares of Crh Plc (NYSE:CRH) by 97.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,276 shares of the construction company’s stock after selling 502,976 shares during the quarter. SG Americas Securities LLC’s holdings in CRH were worth $1,712,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Norges Bank purchased a new stake in CRH in the 2nd quarter worth $1,007,932,000. Eleva Capital SAS acquired a new stake in shares of CRH in the second quarter valued at about $250,562,000. Massachusetts Financial Services Co. MA increased its stake in shares of CRH by 24.3% during 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 in the last quarter. Marshall Wace LLP raised its position in shares of CRH by 45.3% during the 2nd quarter. Marshall Wace LLP now owns 6,031,903 shares of the construction company’s stock worth $553,729,000 after purchasing an additional 1,881,550 shares during the last quarter. Finally, Baupost Group LLC MA lifted its stake in CRH by 42.0% in the 2nd quarter. Baupost Group LLC MA now owns 3,825,395 shares of the construction company’s stock valued at $351,171,000 after buying an additional 1,131,000 shares in the last quarter. Hedge funds and other institutional investors own 62.50% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the company. UBS Group boosted their price objective on CRH from $138.00 to $147.00 and gave the stock a “buy” rating in a research note on Thursday, January 8th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of CRH in a research note on Monday, December 22nd. Royal Bank Of Canada dropped their price target on CRH from $152.00 to $150.00 and set an “outperform” rating for the company in a research report on Friday, November 7th. DA Davidson raised their price objective on CRH from $110.00 to $116.00 and gave the company a “neutral” rating in a report on Wednesday, November 12th. Finally, Morgan Stanley upped their target price on shares of CRH from $131.00 to $140.00 and gave the stock an “overweight” rating in a report on Wednesday, December 10th. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $136.20.

CRH Stock Performance

NYSE CRH opened at $122.65 on Friday. The stock’s fifty day moving average is $121.50 and its two-hundred day moving average is $113.36. The firm has a market capitalization of $82.21 billion, a P/E ratio of 24.43, a price-to-earnings-growth ratio of 1.79 and a beta of 1.34. Crh Plc has a fifty-two week low of $76.75 and a fifty-two week high of $131.55.

CRH (NYSE:CRH) last issued its earnings results on Wednesday, November 5th. The construction company reported $2.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.94 by $0.27. CRH had a return on equity of 16.25% and a net margin of 9.30%.The business had revenue of $11.07 billion during the quarter, compared to the consensus estimate of $10.15 billion. During the same period last year, the company earned $1.97 EPS. The company’s revenue for the quarter was up 5.3% on a year-over-year basis. CRH has set its FY 2025 guidance at 5.490-5.720 EPS. As a group, sell-side analysts forecast that Crh Plc will post 5.47 EPS for the current year.

CRH Announces Dividend

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