JPMorgan Chase & Co. Has $280.88 Million Stock Holdings in Crh Plc $CRH

JPMorgan Chase & Co. trimmed its holdings in shares of Crh Plc (NYSE:CRH) by 25.3% in the second quarter, according to its most recent filing with the SEC. The firm owned 3,059,556 shares of the construction company’s stock after selling 1,037,627 shares during the period. JPMorgan Chase & Co.’s holdings in CRH were worth $280,879,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Creekmur Asset Management LLC acquired a new position in CRH in the second quarter worth about $27,000. Park Place Capital Corp grew its stake in shares of CRH by 59.9% in 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. boosted its stake in CRH by 255.0% in the 2nd quarter. Cullen Frost Bankers Inc. now owns 426 shares of the construction company’s stock valued at $39,000 after buying an additional 306 shares in the last quarter. Ransom Advisory Ltd acquired a new stake in CRH in the 1st quarter valued at $47,000. Finally, Richardson Financial Services Inc. grew its position in CRH by 29.4% in the second quarter. Richardson Financial Services Inc. now owns 678 shares of the construction company’s stock valued at $63,000 after acquiring an additional 154 shares during the period. Institutional investors own 62.50% of the company’s stock.

CRH Stock Up 2.2%

CRH stock opened at $112.62 on Tuesday. The stock has a 50-day simple moving average of $115.47 and a 200 day simple moving average of $105.12. The stock has a market capitalization of $75.49 billion, a price-to-earnings ratio of 23.56, 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.

CRH (NYSE:CRH) last posted its quarterly earnings data 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. CRH had a net margin of 9.09% and a return on equity of 15.68%. The firm had revenue of $11.07 billion during the quarter, compared to analysts’ expectations of $10.15 billion. During the same quarter last year, the company posted $1.97 EPS. The company’s quarterly revenue was up 5.3% compared to the same quarter last year. CRH has set its FY 2025 guidance at 5.490-5.720 EPS. As a group, sell-side analysts anticipate that Crh Plc will post 5.47 EPS for the current year.

CRH Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 17th. Investors of record on Friday, November 21st will be issued a $0.37 dividend. 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 dividend payout ratio (DPR) is currently 22.11%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on CRH shares. Bank of America assumed coverage on CRH in a report on Friday, September 26th. They set a “buy” rating and a $128.00 price objective for the company. Truist Financial increased their target price on shares of CRH from $125.00 to $140.00 and gave the stock a “buy” rating in a research report on Thursday, October 2nd. JPMorgan Chase & Co. lifted their price target on shares of CRH from $130.00 to $135.00 and gave the company an “overweight” rating in a report on Tuesday, November 11th. 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 note on Wednesday, November 12th. Finally, Jefferies Financial Group raised shares of CRH to a “strong-buy” rating in a report on Monday, September 22nd. Two analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, CRH has an average rating of “Buy” and a consensus 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.