Crh Plc $CRH Shares Sold by Intech Investment Management LLC

Intech Investment Management LLC reduced its stake in Crh Plc (NYSE:CRH) by 17.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 35,995 shares of the construction company’s stock after selling 7,347 shares during the period. Intech Investment Management LLC’s holdings in CRH were worth $3,304,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the stock. Vanguard Group Inc. grew its position in CRH by 62.8% during the first 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. Massachusetts Financial Services Co. MA raised its stake in CRH by 24.3% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 12,803,346 shares of the construction company’s stock valued at $1,175,347,000 after purchasing an additional 2,499,558 shares during the last quarter. Boston Partners lifted its position in shares of CRH by 9.2% in the 2nd quarter. Boston Partners now owns 9,630,797 shares of the construction company’s stock worth $886,604,000 after acquiring an additional 807,996 shares during the period. Bank of New York Mellon Corp boosted its holdings in CRH by 4.0% during the second quarter. Bank of New York Mellon Corp now owns 9,185,200 shares of the construction company’s stock valued at $843,201,000 after purchasing an additional 354,711 shares in the last quarter. Finally, Geode Capital Management LLC increased its holdings in shares of CRH by 3.9% during the second quarter. Geode Capital Management LLC now owns 8,667,093 shares of the construction company’s stock worth $792,185,000 after buying an additional 325,170 shares in the last quarter. 62.50% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on CRH shares. Bank of America initiated coverage on shares of CRH in a research note on Friday, September 26th. They set a “buy” rating and a $128.00 price target for the company. Royal Bank Of Canada reduced their price target on CRH from $152.00 to $150.00 and set an “outperform” rating for the company in a research report on Friday, November 7th. Morgan Stanley set a $134.00 target price on CRH in a research note on Thursday, October 9th. Sanford C. Bernstein increased their price objective on CRH from $115.00 to $130.00 and gave the stock an “outperform” rating in a research report on Thursday, September 11th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of CRH in a research report on Thursday, November 13th. Two analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, CRH currently has a consensus rating of “Buy” and a consensus price target of $129.54.

CRH Stock Performance

Shares of CRH stock opened at $108.91 on Wednesday. The company has a market capitalization of $73.00 billion, a price-to-earnings ratio of 22.78, a PEG ratio of 1.68 and a beta of 1.32. The company has a 50-day simple moving average of $115.69 and a two-hundred day simple moving average of $104.68. Crh Plc has a 52-week low of $76.75 and a 52-week high of $121.99.

CRH (NYSE:CRH) last posted its earnings results on Wednesday, November 5th. The construction company reported $2.21 earnings per share 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 firm 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 company earned $1.97 earnings per share. The company’s 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, sell-side analysts forecast that Crh Plc will post 5.47 EPS for the current fiscal year.

CRH Announces Dividend

The company also recently disclosed 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. The ex-dividend date is Friday, November 21st. This represents a $1.48 dividend on an annualized basis and a yield of 1.4%. CRH’s dividend payout ratio is 22.11%.

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.