Evergreen Capital Management LLC Has $11.55 Million Stock Holdings in Crh Plc $CRH

Evergreen Capital Management LLC trimmed its holdings in shares of Crh Plc (NYSE:CRH) by 10.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 96,332 shares of the construction company’s stock after selling 10,709 shares during the quarter. Evergreen Capital Management LLC’s holdings in CRH were worth $11,550,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. NewEdge Advisors LLC increased its holdings in CRH by 158.5% in the first quarter. NewEdge Advisors LLC now owns 8,670 shares of the construction company’s stock valued at $763,000 after purchasing an additional 5,316 shares during the period. Empowered Funds LLC increased its stake in shares of CRH by 5.3% in the first quarter. Empowered Funds LLC now owns 13,178 shares of the construction company’s stock valued at $1,159,000 after buying an additional 658 shares during the period. Parallel Advisors LLC raised its position in shares of CRH by 20.3% during the second quarter. Parallel Advisors LLC now owns 8,206 shares of the construction company’s stock worth $753,000 after acquiring an additional 1,387 shares during the last quarter. Financiere des Professionnels Fonds d investissement inc. acquired a new position in shares of CRH in the second quarter worth approximately $246,000. Finally, Sivia Capital Partners LLC increased its position in CRH by 58.5% during the 2nd quarter. Sivia Capital Partners LLC now owns 4,279 shares of the construction company’s stock valued at $393,000 after purchasing an additional 1,579 shares during the period. Institutional investors and hedge funds own 62.50% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on CRH. UBS Group boosted their price target on shares of CRH from $138.00 to $147.00 and gave the stock a “buy” rating in a research report on Thursday, January 8th. Citigroup upped their price target on shares of CRH from $142.00 to $155.00 and gave the company a “buy” rating in a research report on Thursday, January 8th. Royal Bank Of Canada dropped their price objective on CRH from $152.00 to $150.00 and set an “outperform” rating on the stock in a research note on Friday, November 7th. DA Davidson raised their target price on 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 reissued a “buy” rating on shares of CRH in a research note on Monday, December 1st. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $136.20.

CRH Stock Performance

Shares of NYSE:CRH opened at $123.08 on Friday. Crh Plc has a 52-week low of $76.75 and a 52-week high of $131.55. The business’s 50 day simple moving average is $121.71 and its two-hundred day simple moving average is $113.58. The firm has a market cap of $82.50 billion, a P/E ratio of 24.52, a PEG ratio of 1.80 and a beta of 1.34.

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 analysts’ consensus estimates of $1.94 by $0.27. CRH had a return on equity of 16.25% and a net margin of 9.30%.The company had revenue of $11.07 billion for the quarter, compared to analyst estimates of $10.15 billion. During the same period in the prior year, the firm earned $1.97 earnings per share. CRH’s revenue for the quarter was up 5.3% on a year-over-year basis. CRH has set its FY 2025 guidance at 5.490-5.720 EPS. On average, equities analysts forecast that Crh Plc will post 5.47 earnings per share for the current fiscal year.

CRH Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 17th. Stockholders of record on Friday, November 21st were given a dividend of $0.37 per share. The ex-dividend date of this dividend was Friday, November 21st. This represents a $1.48 annualized dividend and a dividend yield of 1.2%. CRH’s payout ratio is presently 22.11%.

About CRH

CRH plc, originally formed as Cement Roadstone Holdings in 1970 and headquartered in Dublin, Ireland, is a global building materials group. The company has grown from its Irish roots into one of the largest international suppliers of construction materials, expanding primarily through acquisitions and regional business development. CRH operates an integrated network of manufacturing and distribution businesses that serve both public and private construction markets.

CRH’s core activities include the production and distribution of aggregates, cement, asphalt, ready-mixed concrete and other bulk materials, together with a broad range of value-added building products such as precast concrete, masonry, bricks, roofing products, pipe and drainage systems, and construction accessories.