Crh Plc $CRH Shares Purchased by KBC Group NV

KBC Group NV grew its position in Crh Plc (NYSE:CRH) by 4.5% during the second quarter, Holdings Channel.com reports. The firm owned 976,547 shares of the construction company’s stock after acquiring an additional 42,208 shares during the period. KBC Group NV’s holdings in CRH were worth $89,646,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of CRH. Creekmur Asset Management LLC purchased a new position in CRH in the second quarter valued at $27,000. Park Place Capital Corp lifted its holdings in CRH by 59.9% during the 2nd quarter. Park Place Capital Corp now owns 307 shares of the construction company’s stock worth $29,000 after buying an additional 115 shares during the last quarter. GW&K Investment Management LLC boosted its position in shares of CRH by 86.7% during the 1st quarter. GW&K Investment Management LLC now owns 448 shares of the construction company’s stock worth $39,000 after acquiring an additional 208 shares in the last quarter. Cullen Frost Bankers Inc. boosted its position in shares of 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 in the last quarter. Finally, Ransom Advisory Ltd purchased a new position in shares of CRH in the 1st quarter valued at about $47,000. 62.50% of the stock is owned by hedge funds and other institutional investors.

CRH Price Performance

Shares of CRH stock opened at $112.56 on Wednesday. The firm’s fifty day simple moving average is $115.81 and its 200-day simple moving average is $104.15. The stock has a market capitalization of $75.71 billion, a price-to-earnings ratio of 23.55, a PEG ratio of 1.68 and a beta of 1.32. Crh Plc has a 12 month low of $76.75 and a 12 month high of $121.99.

CRH (NYSE:CRH) last issued its quarterly earnings results on Wednesday, November 5th. The construction company reported $2.21 earnings per share for the quarter, topping analysts’ consensus estimates of $1.94 by $0.27. CRH had a net margin of 9.09% and a return on equity of 15.68%. The firm had revenue of $11.07 billion during the quarter, compared to analysts’ expectations of $10.15 billion. During the same quarter in the prior year, the business earned $1.97 EPS. CRH’s quarterly revenue was up 5.3% compared to the same quarter last year. CRH has set its FY 2025 guidance at 5.490-5.720 EPS. Analysts anticipate that Crh Plc will post 5.47 earnings per share for the current year.

CRH Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 17th. Investors of record on Friday, November 21st will be issued a dividend of $0.37 per share. The ex-dividend date of this dividend is Friday, November 21st. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.3%. CRH’s dividend payout ratio (DPR) is currently 22.11%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on CRH. Bank of America started coverage on CRH in a report on Friday, September 26th. They issued a “buy” rating and a $128.00 price target for the company. Truist Financial boosted their price objective on shares of CRH from $125.00 to $140.00 and gave the stock a “buy” rating in a research report on Thursday, October 2nd. Morgan Stanley set a $134.00 target price on shares of CRH in a report on Thursday, October 9th. Vertical Research upgraded shares of CRH to a “strong-buy” rating in a research note on Friday, August 1st. Finally, Barclays boosted their price target on shares of CRH from $110.00 to $131.00 and gave the company an “overweight” rating in a research report on Monday, October 20th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, CRH has a consensus rating of “Buy” and a consensus price target of $128.69.

CRH 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.