12,852 Shares in Crh Plc $CRH Acquired by Fox Run Management L.L.C.

Fox Run Management L.L.C. bought a new stake in Crh Plc (NYSE:CRH) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 12,852 shares of the construction company’s stock, valued at approximately $1,180,000.

A number of other large investors also recently added to or reduced their stakes in the company. Vestmark Advisory Solutions Inc. acquired a new stake in shares of CRH in the second quarter valued at $2,937,000. Sterling Capital Management LLC boosted its holdings in CRH by 8.4% during the 2nd quarter. Sterling Capital Management LLC now owns 267,814 shares of the construction company’s stock valued at $24,585,000 after acquiring an additional 20,831 shares during the period. Resona Asset Management Co. Ltd. acquired a new position in CRH in the 2nd quarter valued at about $17,990,000. Huntington National Bank increased its stake in CRH by 12.6% during the second quarter. Huntington National Bank now owns 6,321 shares of the construction company’s stock worth $580,000 after purchasing an additional 706 shares during the period. Finally, Bank of New York Mellon Corp lifted its position in shares of CRH by 4.0% during the second quarter. Bank of New York Mellon Corp now owns 9,185,200 shares of the construction company’s stock worth $843,201,000 after purchasing an additional 354,711 shares in the last quarter. 62.50% of the stock is currently owned by institutional investors and hedge funds.

CRH Price Performance

NYSE:CRH opened at $113.01 on Friday. Crh Plc has a 12 month low of $76.75 and a 12 month high of $121.99. The firm has a market capitalization of $76.02 billion, a PE ratio of 23.64, a price-to-earnings-growth ratio of 1.68 and a beta of 1.32. The business’s fifty day moving average price is $115.75 and its 200 day moving average price is $103.73.

CRH (NYSE:CRH) last released its quarterly earnings data on Wednesday, November 5th. The construction company reported $2.21 earnings per share (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 business had revenue of $11.07 billion during the quarter, compared to analysts’ expectations of $10.15 billion. During the same period in the prior year, the firm posted $1.97 EPS. The business’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, equities analysts anticipate that Crh Plc will post 5.47 EPS for the current year.

CRH Dividend Announcement

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

Analyst Upgrades and Downgrades

CRH has been the subject of a number of research reports. Truist Financial lifted their price objective on shares of CRH from $125.00 to $140.00 and gave the company a “buy” rating in a report on Thursday, October 2nd. UBS Group assumed coverage on shares of CRH in a research note on Tuesday, October 14th. They issued a “buy” rating and a $138.00 price target for the company. Sanford C. Bernstein upped their price objective on CRH from $115.00 to $130.00 and gave the stock an “outperform” rating in a research report on Thursday, September 11th. Jefferies Financial Group upgraded CRH to a “strong-buy” rating in a report on Monday, September 22nd. Finally, Wells Fargo & Company lowered their target price on CRH from $135.00 to $133.00 and set an “overweight” rating for the company in a research note on Friday. Three analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $127.43.

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.