AE Wealth Management LLC Boosts Holdings in Crh Plc $CRH

AE Wealth Management LLC boosted its stake in Crh Plc (NYSE:CRH) by 59.0% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 32,169 shares of the construction company’s stock after purchasing an additional 11,938 shares during the quarter. AE Wealth Management LLC’s holdings in CRH were worth $3,857,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in the company. L2 Asset Management LLC grew its holdings in shares of CRH by 3.0% during the 2nd quarter. L2 Asset Management LLC now owns 3,028 shares of the construction company’s stock worth $278,000 after purchasing an additional 89 shares during the period. Mission Wealth Management LP lifted its position in shares of CRH by 1.1% during the second quarter. Mission Wealth Management LP now owns 9,548 shares of the construction company’s stock worth $877,000 after purchasing an additional 107 shares in the last quarter. Sound View Wealth Advisors Group LLC increased its stake in CRH by 3.7% during the 2nd quarter. Sound View Wealth Advisors Group LLC now owns 2,982 shares of the construction company’s stock worth $274,000 after buying an additional 107 shares during the period. LRI Investments LLC increased its position in shares of CRH by 9.2% during the second quarter. LRI Investments LLC now owns 1,669 shares of the construction company’s stock worth $153,000 after acquiring an additional 140 shares during the last quarter. Finally, Global Retirement Partners LLC increased its holdings in CRH by 3.2% during the 3rd quarter. Global Retirement Partners LLC now owns 4,537 shares of the construction company’s stock worth $544,000 after purchasing an additional 140 shares during the last quarter. Hedge funds and other institutional investors own 62.50% of the company’s stock.

CRH Trading Down 1.1%

Shares of CRH opened at $122.33 on Friday. The business’s 50-day moving average price is $124.09 and its 200 day moving average price is $115.66. The stock has a market capitalization of $82.00 billion, a P/E ratio of 24.37, a P/E/G ratio of 1.81 and a beta of 1.34. Crh Plc has a 1-year low of $76.75 and a 1-year high of $131.55.

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

CRH Announces Dividend

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

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. Exane BNP Paribas raised shares of CRH to a “strong-buy” rating in a research report on Friday, January 23rd. Weiss Ratings restated a “buy (b-)” rating on shares of CRH in a research report on Monday, December 22nd. Citigroup boosted their target price on shares of CRH from $142.00 to $155.00 and gave the company a “buy” rating in a research note on Thursday, January 8th. Wells Fargo & Company reduced their price target on CRH from $138.00 to $133.00 and set an “equal weight” rating for the company in a research report on Thursday. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of CRH in a research note on Monday, December 8th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $135.87.

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.