Sterling Capital Management LLC Raises Position in Crh Plc $CRH

Sterling Capital Management LLC lifted its stake in shares of Crh Plc (NYSE:CRH) by 8.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 267,814 shares of the construction company’s stock after buying an additional 20,831 shares during the period. Sterling Capital Management LLC’s holdings in CRH were worth $24,585,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of CRH. Mission Wealth Management LP boosted its holdings in 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 during the last quarter. Park Place Capital Corp grew its holdings in shares of 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 acquiring an additional 115 shares in the last quarter. Diversify Advisory Services LLC boosted its position in CRH by 5.0% in the first quarter. Diversify Advisory Services LLC now owns 2,572 shares of the construction company’s stock worth $240,000 after purchasing an additional 123 shares during the last quarter. Callan Family Office LLC grew its stake in CRH by 4.4% in the 1st quarter. Callan Family Office LLC now owns 3,074 shares of the construction company’s stock valued at $270,000 after purchasing an additional 129 shares during the period. Finally, LRI Investments LLC increased its position in shares of CRH by 9.2% during the 2nd quarter. LRI Investments LLC now owns 1,669 shares of the construction company’s stock valued at $153,000 after purchasing an additional 140 shares during the last quarter. 62.50% of the stock is currently owned by institutional investors.

CRH Price Performance

CRH opened at $115.00 on Friday. The firm has a market capitalization of $77.36 billion, a P/E ratio of 24.06, a price-to-earnings-growth ratio of 1.68 and a beta of 1.32. The company has a fifty day moving average price of $115.75 and a 200-day moving average price of $103.40. Crh Plc has a one year low of $76.75 and a one year high of $121.99.

CRH (NYSE:CRH) last issued its quarterly earnings data on Wednesday, November 5th. The construction company reported $2.21 EPS for the quarter, topping the consensus estimate of $1.94 by $0.27. CRH had a return on equity of 15.68% and a net margin of 9.09%.The company had revenue of $11.07 billion during the quarter, compared to analyst estimates of $10.15 billion. During the same quarter in the previous year, the firm earned $1.97 earnings per share. CRH’s revenue 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, analysts expect that Crh Plc will post 5.47 earnings per share for the current year.

CRH Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 17th. Shareholders of record on Friday, November 21st will be paid a $0.37 dividend. The ex-dividend date of this dividend is Friday, November 21st. This represents a $1.48 annualized dividend and a yield of 1.3%. CRH’s dividend payout ratio is currently 23.22%.

Analyst Upgrades and Downgrades

CRH has been the topic of a number of research analyst reports. Vertical Research raised shares of CRH to a “strong-buy” rating in a report on Friday, August 1st. Royal Bank Of Canada increased their target price on shares of CRH from $112.00 to $152.00 and gave the company an “outperform” rating in a research report on Wednesday, October 1st. Wells Fargo & Company upgraded shares of CRH to a “strong-buy” rating in a research note on Wednesday, October 8th. DA Davidson reissued a “neutral” rating and set a $105.00 price objective (down from $120.00) on shares of CRH in a report on Thursday, July 10th. Finally, UBS Group began coverage on CRH in a research note on Tuesday, October 14th. They issued a “buy” rating and a $138.00 target price on the stock. Four equities research 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 data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $127.71.

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.