Crh Plc $CRH Stake Boosted by Boston Partners

Boston Partners lifted its stake in Crh Plc (NYSE:CRH) by 9.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 9,630,797 shares of the construction company’s stock after acquiring an additional 807,996 shares during the quarter. CRH makes up 1.0% of Boston Partners’ portfolio, making the stock its 17th biggest holding. Boston Partners’ holdings in CRH were worth $886,604,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the company. Alps Advisors Inc. purchased a new position in CRH in the first quarter valued at about $325,000. Cerity Partners LLC lifted its holdings in shares of CRH by 2.0% during the 1st quarter. Cerity Partners LLC now owns 172,619 shares of the construction company’s stock valued at $15,185,000 after buying an additional 3,371 shares during the last quarter. CWM LLC lifted its holdings in shares of CRH by 56.1% during the 1st quarter. CWM LLC now owns 23,703 shares of the construction company’s stock valued at $2,085,000 after buying an additional 8,515 shares during the last quarter. LRI Investments LLC grew its stake in shares of CRH by 42.5% in the 1st quarter. LRI Investments LLC now owns 1,529 shares of the construction company’s stock valued at $134,000 after buying an additional 456 shares in the last quarter. Finally, Signaturefd LLC increased its holdings in CRH by 3.2% in the first quarter. Signaturefd LLC now owns 17,516 shares of the construction company’s stock worth $1,541,000 after buying an additional 544 shares during the last quarter. Institutional investors and hedge funds own 62.50% of the company’s stock.

CRH Price Performance

CRH stock opened at $114.08 on Tuesday. Crh Plc has a fifty-two week low of $76.75 and a fifty-two week high of $121.99. The firm has a fifty day moving average price of $115.78 and a two-hundred day moving average price of $104.00. The firm has a market cap of $76.74 billion, a price-to-earnings ratio of 23.87, a P/E/G ratio of 1.68 and a beta of 1.32.

CRH (NYSE:CRH) last issued its quarterly earnings results on Wednesday, November 5th. The construction company reported $2.21 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to the consensus estimate of $10.15 billion. During the same period last year, the business posted $1.97 earnings per share. The firm’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. As a group, sell-side analysts expect that Crh Plc will post 5.47 earnings per share for the current year.

CRH Announces Dividend

The firm 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 $0.37 dividend. 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 payout ratio is currently 22.11%.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the stock. Weiss Ratings reiterated a “buy (b)” rating on shares of CRH in a research note on Wednesday, October 8th. Jefferies Financial Group upgraded shares of CRH to a “strong-buy” rating in a report on Monday, September 22nd. Morgan Stanley set a $134.00 price objective on shares of CRH in a report on Thursday, October 9th. JPMorgan Chase & Co. began coverage on shares of CRH in a research report on Friday, October 24th. They set an “overweight” rating on the stock. Finally, Wells Fargo & Company reduced their price target on CRH from $135.00 to $133.00 and set an “overweight” rating for the company in a research report on Friday. Two research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, CRH presently has an average rating of “Buy” and an average target price of $128.31.

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.