Y Intercept Hong Kong Ltd Purchases 165,256 Shares of Crh Plc $CRH

Y Intercept Hong Kong Ltd increased its holdings in Crh Plc (NYSE:CRH) by 816.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 185,486 shares of the construction company’s stock after purchasing an additional 165,256 shares during the quarter. CRH makes up approximately 0.5% of Y Intercept Hong Kong Ltd’s holdings, making the stock its 11th largest holding. Y Intercept Hong Kong Ltd’s holdings in CRH were worth $22,240,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Baillie Gifford & Co. grew its position in shares of CRH by 97.1% in the 3rd quarter. Baillie Gifford & Co. now owns 469 shares of the construction company’s stock worth $56,000 after buying an additional 231 shares during the last quarter. Deseret Mutual Benefit Administrators raised its holdings in shares of CRH by 34.0% during the third quarter. Deseret Mutual Benefit Administrators now owns 978 shares of the construction company’s stock valued at $117,000 after acquiring an additional 248 shares in the last quarter. TrueMark Investments LLC lifted its stake in CRH by 7.5% in the third quarter. TrueMark Investments LLC now owns 50,367 shares of the construction company’s stock worth $6,039,000 after acquiring an additional 3,534 shares during the period. Envestnet Portfolio Solutions Inc. lifted its stake in CRH by 23.6% in the third quarter. Envestnet Portfolio Solutions Inc. now owns 24,880 shares of the construction company’s stock worth $2,983,000 after acquiring an additional 4,752 shares during the period. Finally, UNIVEST FINANCIAL Corp boosted its holdings in CRH by 3.6% in the third quarter. UNIVEST FINANCIAL Corp now owns 22,925 shares of the construction company’s stock valued at $2,749,000 after acquiring an additional 793 shares in the last quarter. Hedge funds and other institutional investors own 62.50% of the company’s stock.

CRH Stock Down 1.3%

Shares of CRH opened at $122.85 on Friday. The stock has a market cap of $82.34 billion, a P/E ratio of 24.47, a P/E/G ratio of 1.82 and a beta of 1.34. The business’s 50 day moving average price is $122.73 and its 200-day moving average price is $114.55. Crh Plc has a 52 week low of $76.75 and a 52 week high of $131.55.

CRH (NYSE:CRH) last announced its quarterly earnings data on Wednesday, November 5th. The construction company reported $2.21 earnings per share (EPS) for the quarter, beating 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 analysts’ expectations of $10.15 billion. During the same quarter in the previous year, the business earned $1.97 earnings per share. The firm’s quarterly 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, equities analysts anticipate that Crh Plc will post 5.47 EPS for the current year.

CRH Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 17th. Investors of record on Friday, November 21st were paid a $0.37 dividend. The ex-dividend date 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 presently 22.11%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on CRH shares. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of CRH in a research report on Monday, December 22nd. Truist Financial raised their price objective on shares of CRH from $125.00 to $140.00 and gave the stock a “buy” rating in a report on Thursday, October 2nd. Royal Bank Of Canada cut their price objective on CRH from $152.00 to $150.00 and set an “outperform” rating on the stock in a research report on Friday, November 7th. Barclays upped their target price on CRH from $110.00 to $131.00 and gave the stock an “overweight” rating in a report on Monday, October 20th. Finally, JPMorgan Chase & Co. raised their target price on CRH from $130.00 to $135.00 and gave the company an “overweight” rating in a research note on Tuesday, November 11th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $136.20.

About CRH

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.