Mitsubishi UFJ Trust & Banking Corp Sells 4,884 Shares of Crh Plc $CRH

Mitsubishi UFJ Trust & Banking Corp cut its stake in shares of Crh Plc (NYSE:CRH) by 1.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 344,369 shares of the construction company’s stock after selling 4,884 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in CRH were worth $41,290,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of CRH. Park Avenue Securities LLC purchased a new stake in shares of CRH during the 3rd quarter valued at about $4,491,000. Ninety One UK Ltd boosted its holdings in shares of CRH by 13.1% in the second quarter. Ninety One UK Ltd now owns 3,143,490 shares of the construction company’s stock worth $288,572,000 after buying an additional 364,319 shares during the last quarter. StoneX Group Inc. purchased a new position in shares of CRH in the second quarter worth approximately $1,472,000. Advanced Portfolio Management LLC bought a new stake in CRH during the second quarter valued at approximately $1,148,000. Finally, California Public Employees Retirement System increased its holdings in CRH by 3.3% during the second quarter. California Public Employees Retirement System now owns 1,173,172 shares of the construction company’s stock valued at $107,697,000 after buying an additional 37,949 shares during the last quarter. 62.50% of the stock is currently owned by hedge funds and other institutional investors.

CRH Stock Performance

Shares of CRH stock opened at $122.85 on Monday. The company has a market capitalization of $82.34 billion, a P/E ratio of 24.47, a P/E/G ratio of 1.80 and a beta of 1.34. The company has a fifty day moving average of $122.73 and a 200 day moving average of $114.82. Crh Plc has a fifty-two week low of $76.75 and a fifty-two week high of $131.55.

CRH (NYSE:CRH) last posted its quarterly earnings results on Wednesday, November 5th. The construction company reported $2.21 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 for the quarter, compared to analysts’ expectations of $10.15 billion. During the same period last year, the firm earned $1.97 earnings per share. The business’s quarterly revenue was up 5.3% on a year-over-year basis. CRH has set its FY 2025 guidance at 5.490-5.720 EPS. Analysts forecast that Crh Plc will post 5.47 EPS for the current year.

CRH Dividend Announcement

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

Analyst Ratings Changes

Several research analysts have weighed in on CRH shares. Longbow Research assumed coverage on shares of CRH in a research report on Tuesday, December 16th. They issued a “buy” rating and a $160.00 price target on the stock. UBS Group upped 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. DA Davidson raised their target price on CRH from $110.00 to $116.00 and gave the stock a “neutral” rating in a report on Wednesday, November 12th. Morgan Stanley lifted their target price on CRH from $131.00 to $140.00 and gave the company an “overweight” rating in a research report on Wednesday, December 10th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of CRH in a research report on Monday, December 22nd. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price 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.