Sterling Capital Management LLC Purchases 20,831 Shares of Crh Plc $CRH

Sterling Capital Management LLC increased its position in shares of Crh Plc (NYSE:CRH) by 8.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 267,814 shares of the construction company’s stock after acquiring an additional 20,831 shares during the period. Sterling Capital Management LLC’s holdings in CRH were worth $24,585,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in shares of CRH by 62.8% in the 1st quarter. Vanguard Group Inc. now owns 63,755,468 shares of the construction company’s stock valued at $5,608,567,000 after purchasing an additional 24,591,538 shares in the last quarter. Nuveen LLC bought a new stake in shares of CRH during the 1st quarter worth $597,888,000. Massachusetts Financial Services Co. MA boosted its stake in CRH by 43.2% in the first quarter. Massachusetts Financial Services Co. MA now owns 10,303,788 shares of the construction company’s stock valued at $906,424,000 after buying an additional 3,108,416 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in CRH by 58,695.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,830,994 shares of the construction company’s stock valued at $249,043,000 after acquiring an additional 2,826,179 shares during the last quarter. Finally, Eleva Capital SAS acquired a new position in CRH during the second quarter worth about $250,562,000. 62.50% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. Weiss Ratings reiterated a “buy (b)” rating on shares of CRH in a research report on Wednesday, October 8th. Jefferies Financial Group raised shares of CRH to a “strong-buy” rating in a research note on Monday, September 22nd. Wells Fargo & Company upgraded CRH to a “strong-buy” rating in a report on Wednesday, October 8th. Barclays raised their price objective on shares of CRH from $110.00 to $131.00 and gave the company an “overweight” rating in a report on Monday, October 20th. Finally, Vertical Research upgraded shares of CRH to a “strong-buy” rating in a research report on Friday, August 1st. Four analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $127.71.

CRH Stock Performance

Shares of CRH stock opened at $115.00 on Friday. The company has a market cap of $77.36 billion, a P/E ratio of 24.06, a PEG ratio of 1.68 and a beta of 1.32. Crh Plc has a fifty-two week low of $76.75 and a fifty-two week high of $121.99. The stock has a 50 day simple moving average of $115.75 and a two-hundred day simple moving average of $103.40.

CRH (NYSE:CRH) last announced its quarterly earnings data 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 9.09% and a return on equity of 15.68%. The company had revenue of $11.07 billion during the quarter, compared to the consensus estimate of $10.15 billion. During the same quarter last year, the firm posted $1.97 EPS. 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. On average, research analysts predict that Crh Plc will post 5.47 earnings per share for the current year.

CRH Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 17th. Shareholders of record on Friday, November 21st will be paid a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date is Friday, November 21st. CRH’s payout ratio is 23.22%.

CRH Company Profile

CRH plc, together with its subsidiaries, provides building materials solutions in Ireland and internationally. It operates through four segments: Americas Materials Solutions, Americas Building Solutions, Europe Materials Solutions, and Europe Building Solutions. The company provides solutions for the construction and maintenance of public infrastructure and commercial and residential buildings; and produces and sells aggregates, cement, readymixed concrete, and asphalt, as well as provides paving and construction services.