Forsta AP Fonden Purchases 43,500 Shares of Crh Plc $CRH

Forsta AP Fonden lifted its position in Crh Plc (NYSE:CRH) by 18.4% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 279,653 shares of the construction company’s stock after purchasing an additional 43,500 shares during the period. Forsta AP Fonden’s holdings in CRH were worth $25,672,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently bought and sold shares of CRH. Creekmur Asset Management LLC purchased a new position in shares of CRH in the second quarter valued at about $27,000. Park Place Capital Corp raised its stake in CRH by 59.9% during the 2nd quarter. Park Place Capital Corp now owns 307 shares of the construction company’s stock valued at $29,000 after purchasing an additional 115 shares during the period. Cullen Frost Bankers Inc. lifted its holdings in CRH by 255.0% in the 2nd quarter. Cullen Frost Bankers Inc. now owns 426 shares of the construction company’s stock worth $39,000 after purchasing an additional 306 shares in the last quarter. GW&K Investment Management LLC lifted its holdings in CRH by 86.7% in the 1st quarter. GW&K Investment Management LLC now owns 448 shares of the construction company’s stock worth $39,000 after purchasing an additional 208 shares in the last quarter. Finally, Ransom Advisory Ltd bought a new position in CRH in the 1st quarter worth approximately $47,000. Institutional investors own 62.50% of the company’s stock.

CRH Stock Performance

Shares of CRH stock opened at $112.56 on Wednesday. The stock has a market cap of $75.71 billion, a price-to-earnings ratio of 23.55, a price-to-earnings-growth ratio of 1.68 and a beta of 1.32. The stock has a 50 day moving average price of $115.81 and a 200-day moving average price of $104.15. Crh Plc has a one year low of $76.75 and a one year high of $121.99.

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

CRH Dividend Announcement

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

Wall Street Analyst Weigh In

CRH has been the topic of several recent analyst reports. 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 report on Thursday, September 11th. Royal Bank Of Canada reduced their target price on CRH from $152.00 to $150.00 and set an “outperform” rating on the stock in a report on Friday, November 7th. Barclays boosted their target price on CRH from $110.00 to $131.00 and gave the stock an “overweight” rating in a research report on Monday, October 20th. UBS Group initiated coverage on CRH in a research report on Tuesday, October 14th. They set a “buy” rating and a $138.00 target price for the company. Finally, Jefferies Financial Group upgraded shares of CRH to a “strong-buy” rating in a research report on Monday, September 22nd. Two investment 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 company. Based on data from MarketBeat.com, CRH currently has a consensus rating of “Buy” and an average target price of $128.69.

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.