HB Wealth Management LLC Raises Holdings in Crh Plc $CRH

HB Wealth Management LLC boosted its holdings in shares of Crh Plc (NYSE:CRH) by 931.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 112,902 shares of the construction company’s stock after acquiring an additional 101,960 shares during the quarter. HB Wealth Management LLC’s holdings in CRH were worth $13,537,000 at the end of the most recent quarter.

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

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of CRH in a research report on Monday, December 22nd. Wells Fargo & Company decreased their price target on CRH from $135.00 to $133.00 and set an “overweight” rating on the stock in a research note on Friday, November 7th. Barclays lifted their price objective on CRH from $110.00 to $131.00 and gave the company an “overweight” rating in a research note on Monday, October 20th. Longbow Research initiated coverage on CRH in a report on Tuesday, December 16th. They issued a “buy” rating and a $160.00 price objective on the stock. Finally, Royal Bank Of Canada lowered their target price on CRH from $152.00 to $150.00 and set an “outperform” rating for the company in a report on Friday, November 7th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $133.86.

CRH Trading Down 4.7%

Shares of NYSE CRH opened at $122.86 on Thursday. The stock has a market cap of $82.35 billion, a P/E ratio of 24.47, a PEG ratio of 1.89 and a beta of 1.34. The business’s fifty day simple moving average is $120.37 and its 200-day simple moving average is $112.00. Crh Plc has a 12-month low of $76.75 and a 12-month high of $129.75.

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

CRH Announces Dividend

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