Crh Plc $CRH Shares Sold by PCJ Investment Counsel Ltd.

PCJ Investment Counsel Ltd. reduced its position in Crh Plc (NYSE:CRH) by 0.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 192,900 shares of the construction company’s stock after selling 740 shares during the quarter. CRH makes up 6.0% of PCJ Investment Counsel Ltd.’s portfolio, making the stock its 2nd largest holding. PCJ Investment Counsel Ltd.’s holdings in CRH were worth $17,708,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in shares of CRH by 8.3% in the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 597,764 shares of the construction company’s stock worth $54,875,000 after acquiring an additional 45,768 shares in the last quarter. Fox Run Management L.L.C. acquired a new stake in CRH during the 2nd quarter valued at $1,180,000. Vestmark Advisory Solutions Inc. bought a new position in CRH in the 2nd quarter valued at $2,937,000. Sterling Capital Management LLC raised its position in CRH by 8.4% in the 2nd quarter. Sterling Capital Management LLC now owns 267,814 shares of the construction company’s stock valued at $24,585,000 after purchasing an additional 20,831 shares during the last quarter. Finally, Resona Asset Management Co. Ltd. bought a new stake in shares of CRH during the second quarter worth $17,990,000. Institutional investors own 62.50% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently issued reports on CRH. Wells Fargo & Company cut their price target on CRH from $135.00 to $133.00 and set an “overweight” rating for the company in a report on Friday. Bank of America started coverage on CRH in a report on Friday, September 26th. They set a “buy” rating and a $128.00 price objective for the company. Jefferies Financial Group upgraded CRH to a “strong-buy” rating in a research report on Monday, September 22nd. Truist Financial boosted their price objective on shares of CRH from $125.00 to $140.00 and gave the company a “buy” rating in a report on Thursday, October 2nd. Finally, Sanford C. Bernstein increased their price target on CRH from $115.00 to $130.00 and gave the stock an “outperform” rating in a report on Thursday, September 11th. Three research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, CRH has an average rating of “Buy” and a consensus price target of $127.43.

CRH Stock Performance

NYSE:CRH opened at $113.01 on Friday. Crh Plc has a 52-week low of $76.75 and a 52-week high of $121.99. The company has a market cap of $76.02 billion, a P/E ratio of 23.64, a P/E/G ratio of 1.68 and a beta of 1.32. The stock’s 50-day simple moving average is $115.75 and its 200 day simple moving average is $103.61.

CRH (NYSE:CRH) last posted its quarterly earnings results on Wednesday, November 5th. The construction company reported $2.21 earnings per share for the quarter, beating analysts’ consensus estimates of $1.94 by $0.27. The firm had revenue of $11.07 billion during the quarter, compared to the consensus estimate of $10.15 billion. CRH had a return on equity of 15.68% and a net margin of 9.09%.The business’s revenue was up 5.3% compared to the same quarter last year. During the same period last year, the company earned $1.97 earnings per share. CRH has set its FY 2025 guidance at 5.490-5.720 EPS. As a group, equities 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. Shareholders of record on Friday, November 21st will be given a dividend of $0.37 per share. 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 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.