New York State Common Retirement Fund Lowers Position in Crh Plc $CRH

New York State Common Retirement Fund trimmed its stake in shares of Crh Plc (NYSE:CRH) by 6.3% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 658,781 shares of the construction company’s stock after selling 44,600 shares during the period. New York State Common Retirement Fund’s holdings in CRH were worth $78,988,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Creekmur Asset Management LLC purchased a new position in shares of CRH during the second quarter valued at about $27,000. Park Place Capital Corp boosted its stake in CRH by 59.9% during the second quarter. Park Place Capital Corp now owns 307 shares of the construction company’s stock valued at $29,000 after buying an additional 115 shares during the last quarter. Riggs Asset Managment Co. Inc. boosted its stake in CRH by 1,835.3% during the second quarter. Riggs Asset Managment Co. Inc. now owns 329 shares of the construction company’s stock valued at $30,000 after buying an additional 312 shares during the last quarter. Salomon & Ludwin LLC purchased a new position in CRH during the 3rd quarter valued at approximately $32,000. Finally, Cullen Frost Bankers Inc. increased its stake in CRH by 255.0% in 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 last quarter. 62.50% of the stock is currently owned by institutional investors.

CRH Price Performance

Shares of NYSE CRH opened at $123.59 on Friday. The company has a market cap of $82.84 billion, a P/E ratio of 24.62, a PEG ratio of 1.79 and a beta of 1.34. Crh Plc has a 1 year low of $76.75 and a 1 year high of $131.55. The firm has a 50-day simple moving average of $123.85 and a two-hundred day simple moving average of $115.32.

CRH (NYSE:CRH) last released its 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 firm had revenue of $11.07 billion for the quarter, compared to analysts’ expectations of $10.15 billion. During the same quarter in the prior year, the firm posted $1.97 earnings per share. The company’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. As a group, equities research analysts expect that Crh Plc will post 5.47 EPS for the current year.

CRH Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 17th. Shareholders 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 dividend payout ratio (DPR) is presently 22.11%.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. UBS Group increased their target price on CRH from $138.00 to $147.00 and gave the company a “buy” rating in a research report on Thursday, January 8th. JPMorgan Chase & Co. upped their price target on shares of CRH from $130.00 to $135.00 and gave the company an “overweight” rating in a research note on Tuesday, November 11th. Exane BNP Paribas upgraded shares of CRH to a “strong-buy” rating in a report on Friday, January 23rd. Truist Financial increased their price target on shares of CRH from $125.00 to $140.00 and gave the company a “buy” rating in a report on Thursday, October 2nd. Finally, Longbow Research initiated coverage on CRH in a research report on Tuesday, December 16th. They issued a “buy” rating and a $160.00 price target for the company. Two analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, CRH currently has an average rating of “Moderate Buy” and an average price target of $135.87.

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.