Midwest Trust Co Makes New Investment in Crh Plc $CRH

Midwest Trust Co bought a new position in shares of Crh Plc (NYSE:CRH) during the 2nd quarter, Holdings Channel.com reports. The fund bought 4,560 shares of the construction company’s stock, valued at approximately $419,000.

Other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. increased its stake in CRH by 62.8% during the 1st quarter. Vanguard Group Inc. now owns 63,755,468 shares of the construction company’s stock worth $5,608,567,000 after acquiring an additional 24,591,538 shares during the period. Nuveen LLC bought a new stake in shares of CRH during the 1st quarter valued at $597,888,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of CRH by 58,695.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,830,994 shares of the construction company’s stock worth $249,043,000 after purchasing an additional 2,826,179 shares in the last quarter. Eleva Capital SAS bought a new position in shares of CRH in the second quarter worth $250,562,000. Finally, AGF Management Ltd. raised its stake in CRH by 195.0% in the first quarter. AGF Management Ltd. now owns 3,052,011 shares of the construction company’s stock valued at $268,485,000 after purchasing an additional 2,017,484 shares in the last quarter. 62.50% of the stock is currently owned by institutional investors.

CRH Price Performance

CRH stock opened at $113.39 on Thursday. The stock has a market cap of $76.28 billion, a price-to-earnings ratio of 23.72, a P/E/G ratio of 1.68 and a beta of 1.32. The company has a 50 day simple moving average of $115.84 and a 200 day simple moving average of $104.21. Crh Plc has a 1 year low of $76.75 and a 1 year high of $121.99.

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

CRH Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 17th. Shareholders of record on Friday, November 21st will be issued a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend is Friday, November 21st. CRH’s dividend payout ratio is presently 22.11%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on CRH shares. Weiss Ratings reiterated a “buy (b)” rating on shares of CRH in a research note on Wednesday, October 8th. Barclays increased their price target on shares of CRH from $110.00 to $131.00 and gave the stock an “overweight” rating in a research report on Monday, October 20th. Sanford C. Bernstein lifted their price objective on shares of CRH from $115.00 to $130.00 and gave the company an “outperform” rating in a research note on Thursday, September 11th. Royal Bank Of Canada cut their target price on CRH from $152.00 to $150.00 and set an “outperform” rating for the company in a research note on Friday, November 7th. Finally, UBS Group started coverage on CRH in a report on Tuesday, October 14th. They issued a “buy” rating and a $138.00 target price on the stock. Two research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $129.54.

About CRH

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.