Park Avenue Securities LLC Purchases New Shares in Crh Plc $CRH

Park Avenue Securities LLC purchased a new position in shares of Crh Plc (NYSE:CRH) in the third quarter, HoldingsChannel.com reports. The firm purchased 37,454 shares of the construction company’s stock, valued at approximately $4,491,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Salomon & Ludwin LLC purchased a new stake in shares of CRH in the third quarter valued at about $32,000. Creekmur Asset Management LLC acquired a new position in CRH in the 2nd quarter valued at about $27,000. Park Place Capital Corp increased its position in CRH by 59.9% in the 2nd quarter. Park Place Capital Corp now owns 307 shares of the construction company’s stock valued at $29,000 after acquiring an additional 115 shares during the period. Riggs Asset Managment Co. Inc. raised its stake in CRH by 1,835.3% during the 2nd quarter. Riggs Asset Managment Co. Inc. now owns 329 shares of the construction company’s stock valued at $30,000 after acquiring an additional 312 shares during the last quarter. Finally, Cullen Frost Bankers Inc. lifted its position in CRH by 255.0% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 426 shares of the construction company’s stock worth $39,000 after acquiring an additional 306 shares during the period. 62.50% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have weighed in on CRH shares. Longbow Research assumed coverage on CRH in a research note on Tuesday, December 16th. They issued a “buy” rating and a $160.00 target price on the stock. Citigroup lifted their price objective on shares of CRH from $142.00 to $155.00 and gave the company a “buy” rating in a research report on Thursday. Bank of America started coverage on shares of CRH in a research report on Friday, September 26th. They set a “buy” rating and a $128.00 price objective for the company. UBS Group lifted their target price on shares of CRH from $138.00 to $147.00 and gave the company a “buy” rating in a report on Thursday. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of CRH in a report on Monday, December 22nd. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $135.87.

CRH Stock Performance

Shares of NYSE CRH opened at $124.71 on Friday. Crh Plc has a one year low of $76.75 and a one year high of $129.75. The firm has a market capitalization of $83.59 billion, a P/E ratio of 24.84, a PEG ratio of 1.80 and a beta of 1.34. The company’s fifty day moving average is $120.51 and its two-hundred day moving average is $112.09.

CRH (NYSE:CRH) last announced its quarterly earnings results 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. The business had revenue of $11.07 billion during the quarter, compared to the consensus estimate of $10.15 billion. CRH had a net margin of 9.30% and a return on equity of 16.25%. The business’s revenue was up 5.3% compared to the same quarter last year. During the same quarter last year, the firm posted $1.97 EPS. CRH has set its FY 2025 guidance at 5.490-5.720 EPS. On average, sell-side analysts forecast that Crh Plc will post 5.47 earnings per share for the current fiscal year.

CRH Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 17th. Stockholders of record on Friday, November 21st were given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date was Friday, November 21st. CRH’s dividend payout ratio (DPR) is presently 22.11%.

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.