Mitsubishi UFJ Trust & Banking Corp Lowers Position in Crh Plc $CRH

Mitsubishi UFJ Trust & Banking Corp trimmed its position in shares of Crh Plc (NYSE:CRH) by 1.8% in the 2nd quarter, Holdings Channel.com reports. The firm owned 349,253 shares of the construction company’s stock after selling 6,261 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in CRH were worth $32,061,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in CRH. Ninety One UK Ltd increased its stake in shares of CRH by 13.1% in the 2nd quarter. Ninety One UK Ltd now owns 3,143,490 shares of the construction company’s stock valued at $288,572,000 after purchasing an additional 364,319 shares in the last quarter. GSA Capital Partners LLP acquired a new stake in CRH in the first quarter valued at approximately $744,000. Hsbc Holdings PLC increased its position in shares of CRH by 100.2% in the first quarter. Hsbc Holdings PLC now owns 452,776 shares of the construction company’s stock valued at $39,318,000 after buying an additional 226,602 shares in the last quarter. National Pension Service raised its stake in shares of CRH by 8.6% during the 1st quarter. National Pension Service now owns 2,154,053 shares of the construction company’s stock worth $189,492,000 after buying an additional 170,702 shares during the period. Finally, Summit Securities Group LLC purchased a new position in shares of CRH during the 1st quarter valued at approximately $249,000. 62.50% of the stock is owned by hedge funds and other institutional investors.

CRH Trading Down 2.0%

Shares of NYSE CRH opened at $111.17 on Friday. The stock has a market cap of $74.78 billion, a PE ratio of 23.26, a P/E/G ratio of 1.68 and a beta of 1.32. Crh Plc has a 12-month low of $76.75 and a 12-month high of $121.99. The company has a 50-day moving average of $115.83 and a 200 day moving average of $104.26.

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. The business had revenue of $11.07 billion for the quarter, compared to analysts’ expectations of $10.15 billion. CRH had a return on equity of 15.68% and a net margin of 9.09%.The business’s revenue for the quarter was up 5.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.97 EPS. CRH has set its FY 2025 guidance at 5.490-5.720 EPS. On average, sell-side analysts forecast that Crh Plc will post 5.47 EPS 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 issued a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 1.3%. The ex-dividend date is Friday, November 21st. CRH’s dividend payout ratio is presently 22.11%.

Analysts Set New Price Targets

CRH has been the subject of a number of research analyst reports. DA Davidson upped their price objective on shares of CRH from $110.00 to $116.00 and gave the stock a “neutral” rating in a research report on Wednesday. Weiss Ratings restated a “buy (b)” rating on shares of CRH in a research report on Wednesday, October 8th. Royal Bank Of Canada decreased their price target on shares of CRH from $152.00 to $150.00 and set an “outperform” rating on the stock in a research note on Friday, November 7th. Sanford C. Bernstein boosted their price objective on 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 target price on CRH in a research report on Thursday, October 9th. Two research 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 stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $129.54.

About CRH

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.