Handelsbanken Fonder AB Has $28.29 Million Stock Holdings in Crh Plc $CRH

Handelsbanken Fonder AB increased its position in shares of Crh Plc (NYSE:CRH) by 41.0% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 308,174 shares of the construction company’s stock after purchasing an additional 89,687 shares during the quarter. Handelsbanken Fonder AB’s holdings in CRH were worth $28,290,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CRH. IFP Advisors Inc raised its stake in shares of CRH by 102.3% in the first quarter. IFP Advisors Inc now owns 3,220 shares of the construction company’s stock valued at $283,000 after acquiring an additional 1,628 shares during the last quarter. Madison Asset Management LLC bought a new position in CRH in the 1st quarter valued at $246,000. Pinnacle Associates Ltd. raised its position in CRH by 128.2% in the 1st quarter. Pinnacle Associates Ltd. now owns 10,389 shares of the construction company’s stock valued at $914,000 after purchasing an additional 5,836 shares during the last quarter. One Wealth Advisors LLC boosted its stake in CRH by 6.0% in the first quarter. One Wealth Advisors LLC now owns 3,807 shares of the construction company’s stock worth $336,000 after purchasing an additional 214 shares in the last quarter. Finally, Avantax Advisory Services Inc. grew its holdings in shares of CRH by 0.5% during the first quarter. Avantax Advisory Services Inc. now owns 48,565 shares of the construction company’s stock worth $4,272,000 after purchasing an additional 220 shares during the last quarter. 62.50% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. Vertical Research upgraded shares of CRH to a “strong-buy” rating in a research report on Friday, August 1st. Morgan Stanley set a $134.00 target price on shares of CRH in a research note on Thursday, October 9th. Truist Financial increased their price target on shares of CRH from $125.00 to $140.00 and gave the company a “buy” rating in a research note on Thursday, October 2nd. Bank of America initiated coverage on shares of CRH in a research report on Friday, September 26th. They issued a “buy” rating and a $128.00 price objective for the company. Finally, Wells Fargo & Company lowered their target price on CRH from $135.00 to $133.00 and set an “overweight” rating for the company in a research note on Friday, November 7th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $129.54.

CRH Stock Performance

Shares of CRH stock opened at $110.14 on Friday. Crh Plc has a 52-week low of $76.75 and a 52-week high of $121.99. The stock has a market cap of $73.82 billion, a PE ratio of 23.04, a PEG ratio of 1.68 and a beta of 1.32. The firm’s 50 day moving average price is $115.48 and its two-hundred day moving average price is $104.82.

CRH (NYSE:CRH) last issued its earnings results 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 company 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 revenue for the quarter was up 5.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.97 EPS. CRH has set its FY 2025 guidance at 5.490-5.720 EPS. As a group, sell-side analysts predict that Crh Plc will post 5.47 earnings per share for the current fiscal year.

CRH Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 17th. Shareholders of record on Friday, November 21st will be paid 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 is presently 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.