Crh Plc $CRH Shares Purchased by Titleist Asset Management LLC

Titleist Asset Management LLC lifted its position in shares of Crh Plc (NYSE:CRH) by 312.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,345 shares of the construction company’s stock after acquiring an additional 10,866 shares during the quarter. Titleist Asset Management LLC’s holdings in CRH were worth $1,317,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in 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 buying an additional 24,591,538 shares in the last quarter. Nuveen LLC acquired a new stake in shares of CRH during the first quarter valued at $597,888,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in 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 acquired a new position in CRH in the 2nd quarter valued at about $250,562,000. Finally, Massachusetts Financial Services Co. MA lifted its holdings in CRH by 24.3% in 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 in the last quarter. Institutional investors and hedge funds own 62.50% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have issued reports on CRH shares. UBS Group assumed coverage on CRH in a research note on Tuesday, October 14th. They issued a “buy” rating and a $138.00 price target on the stock. Jefferies Financial Group upgraded shares of CRH to a “strong-buy” rating in a report on Monday, September 22nd. JPMorgan Chase & Co. boosted their target price on shares of CRH from $130.00 to $135.00 and gave the company an “overweight” rating in a report on Tuesday, November 11th. Sanford C. Bernstein increased their price target on shares of CRH from $115.00 to $130.00 and gave the stock an “outperform” rating in a research note on Thursday, September 11th. Finally, Morgan Stanley set a $134.00 price objective on CRH in a report on Thursday, October 9th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $129.54.

CRH Trading Up 1.6%

Shares of CRH stock opened at $110.14 on Friday. Crh Plc has a twelve month low of $76.75 and a twelve month high of $121.99. The stock has a market cap of $73.82 billion, a price-to-earnings ratio of 23.04, a price-to-earnings-growth ratio of 1.68 and a beta of 1.32. The company has a fifty day moving average price of $115.48 and a 200 day moving average price of $104.90.

CRH (NYSE:CRH) last issued 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 return on equity of 15.68% and a net margin of 9.09%.The company had revenue of $11.07 billion during the quarter, compared to the consensus estimate of $10.15 billion. During the same quarter in the prior year, the business earned $1.97 earnings per share. The company’s 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 forecast that Crh Plc will post 5.47 earnings per share for the current year.

CRH Dividend Announcement

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 given a $0.37 dividend. The ex-dividend date of this dividend is Friday, November 21st. This represents a $1.48 annualized dividend and a yield of 1.3%. CRH’s dividend payout ratio (DPR) is 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.