Mitsubishi UFJ Trust & Banking Corp Sells 6,261 Shares of Crh Plc $CRH

Mitsubishi UFJ Trust & Banking Corp lessened its stake in shares of Crh Plc (NYSE:CRH) by 1.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 349,253 shares of the construction company’s stock after selling 6,261 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned approximately 0.05% of CRH worth $32,061,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in CRH. Boston Partners boosted its position in CRH by 9.2% during the second quarter. Boston Partners now owns 9,630,797 shares of the construction company’s stock valued at $886,604,000 after purchasing an additional 807,996 shares in the last quarter. Vise Technologies Inc. purchased a new stake in shares of CRH during the second quarter valued at about $1,687,000. Bornite Capital Management LP bought a new stake in shares of CRH in the 2nd quarter valued at about $33,149,000. PFG Advisors grew its position in shares of CRH by 36.7% in the 2nd quarter. PFG Advisors now owns 29,845 shares of the construction company’s stock worth $2,740,000 after buying an additional 8,017 shares during the last quarter. Finally, Midwest Trust Co bought a new position in shares of CRH during the 2nd quarter worth approximately $419,000. 62.50% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the stock. Morgan Stanley set a $134.00 target price on shares of CRH in a research note on Thursday, October 9th. Barclays raised their price objective on CRH from $110.00 to $131.00 and gave the stock an “overweight” rating in a research report on Monday, October 20th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of CRH in a research report on Wednesday, October 8th. Jefferies Financial Group raised CRH to a “strong-buy” rating in a report on Monday, September 22nd. Finally, Truist Financial boosted their price target on CRH from $125.00 to $140.00 and gave the stock a “buy” rating in a research note on Thursday, October 2nd. Two analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, CRH presently has a consensus rating of “Buy” and a consensus price target of $129.54.

CRH Stock Down 2.0%

Shares of NYSE CRH opened at $111.17 on Friday. Crh Plc has a 52 week low of $76.75 and a 52 week high of $121.99. The business’s 50 day moving average price is $115.83 and its 200 day moving average price is $104.26. The firm has a market cap of $74.78 billion, a P/E ratio of 23.26, a P/E/G ratio of 1.68 and a beta of 1.32.

CRH (NYSE:CRH) last announced its quarterly earnings data on Wednesday, November 5th. The construction company reported $2.21 EPS for the quarter, beating the consensus estimate of $1.94 by $0.27. The business had revenue of $11.07 billion during the quarter, compared to analysts’ expectations of $10.15 billion. CRH had a net margin of 9.09% and a return on equity of 15.68%. The business’s quarterly revenue was up 5.3% compared to the same quarter last year. During the same period in the previous year, the business posted $1.97 EPS. CRH has set its FY 2025 guidance at 5.490-5.720 EPS. As a group, research analysts expect 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. Shareholders of record on Friday, November 21st will be given a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend is Friday, November 21st. CRH’s dividend payout ratio (DPR) is currently 22.11%.

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.