Geode Capital Management LLC Boosts Position in Crh Plc $CRH

Geode Capital Management LLC increased its holdings in Crh Plc (NYSE:CRH) by 3.9% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,667,093 shares of the construction company’s stock after acquiring an additional 325,170 shares during the quarter. Geode Capital Management LLC owned about 1.28% of CRH worth $792,185,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in CRH. Creekmur Asset Management LLC purchased a new stake in shares of CRH in the 2nd quarter worth about $27,000. Park Place Capital Corp lifted 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 worth $29,000 after buying an additional 115 shares during the period. GW&K Investment Management LLC lifted its holdings in CRH by 86.7% in the first quarter. GW&K Investment Management LLC now owns 448 shares of the construction company’s stock worth $39,000 after buying an additional 208 shares during the period. Cullen Frost Bankers Inc. boosted its position in CRH by 255.0% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 426 shares of the construction company’s stock valued at $39,000 after acquiring an additional 306 shares in the last quarter. Finally, Ransom Advisory Ltd purchased a new position in shares of CRH during the 1st quarter worth approximately $47,000. 62.50% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on CRH. 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, November 7th. Barclays increased their price objective on CRH from $110.00 to $131.00 and gave the stock an “overweight” rating in a report on Monday, October 20th. DA Davidson boosted their target price on shares of CRH from $110.00 to $116.00 and gave the company a “neutral” rating in a report on Wednesday. JPMorgan Chase & Co. increased their price target on shares of CRH from $130.00 to $135.00 and gave the stock an “overweight” rating in a research note on Tuesday. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of CRH in a research report on Wednesday, October 8th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, CRH has an average rating of “Buy” and an average target price of $129.54.

CRH Trading Down 2.0%

CRH stock opened at $111.17 on Friday. Crh Plc has a 12 month low of $76.75 and a 12 month high of $121.99. The stock has a fifty day simple moving average of $115.83 and a two-hundred day simple moving average of $104.26. The firm has a market cap 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 quarterly earnings data on Wednesday, November 5th. The construction company reported $2.21 EPS for the quarter, beating 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 for the quarter, compared to analysts’ expectations of $10.15 billion. During the same period last year, the firm posted $1.97 earnings per share. CRH’s 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. On average, equities research analysts forecast that Crh Plc will post 5.47 EPS for the current fiscal year.

CRH Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 17th. Stockholders of record on Friday, November 21st will be issued a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend is Friday, November 21st. CRH’s payout ratio is presently 22.11%.

CRH Company 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.