Police & Firemen s Retirement System of New Jersey Grows Stock Holdings in Crh Plc $CRH

Police & Firemen s Retirement System of New Jersey increased its position in shares of Crh Plc (NYSE:CRH) by 2.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 103,070 shares of the construction company’s stock after purchasing an additional 2,540 shares during the period. Police & Firemen s Retirement System of New Jersey’s holdings in CRH were worth $9,462,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of CRH. Mission Wealth Management LP boosted its position in shares of CRH by 1.1% during the 2nd quarter. Mission Wealth Management LP now owns 9,548 shares of the construction company’s stock worth $877,000 after acquiring an additional 107 shares in the last quarter. Sound View Wealth Advisors Group LLC lifted its stake in CRH by 3.7% during the second quarter. Sound View Wealth Advisors Group LLC now owns 2,982 shares of the construction company’s stock worth $274,000 after purchasing an additional 107 shares during the last quarter. Park Place Capital Corp boosted its holdings in CRH by 59.9% in the second 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 in the last quarter. Diversify Advisory Services LLC increased its stake in CRH by 5.0% in the first quarter. Diversify Advisory Services LLC now owns 2,572 shares of the construction company’s stock valued at $240,000 after purchasing an additional 123 shares during the last quarter. Finally, Callan Family Office LLC raised its holdings in CRH by 4.4% during the first quarter. Callan Family Office LLC now owns 3,074 shares of the construction company’s stock worth $270,000 after purchasing an additional 129 shares in the last quarter. 62.50% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on CRH shares. Royal Bank Of Canada lowered their target price on shares of CRH from $152.00 to $150.00 and set an “outperform” rating for the company in a report on Friday, November 7th. Truist Financial upped their price objective 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. Morgan Stanley set a $134.00 price objective on CRH in a report on Thursday, October 9th. Sanford C. Bernstein boosted their target price on CRH from $115.00 to $130.00 and gave the company an “outperform” rating in a report on Thursday, September 11th. Finally, UBS Group assumed coverage on CRH in a research note on Tuesday, October 14th. They set a “buy” rating and a $138.00 price target on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $129.54.

CRH Trading Down 2.0%

CRH stock opened at $111.17 on Friday. The stock has a 50 day moving average of $115.83 and a two-hundred day moving average of $104.26. Crh Plc has a twelve month low of $76.75 and a twelve month high of $121.99. The stock has a market capitalization of $74.78 billion, a price-to-earnings ratio of 23.26, a PEG ratio of 1.68 and a beta of 1.32.

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

CRH Announces Dividend

The company also recently disclosed 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. The ex-dividend date is Friday, November 21st. This represents a $1.48 dividend on an annualized basis and a yield of 1.3%. CRH’s dividend payout ratio is presently 22.11%.

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.