Crh Plc $CRH Shares Sold by Lansdowne Partners UK LLP

Lansdowne Partners UK LLP trimmed its holdings in Crh Plc (NYSE:CRH) by 53.2% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 525,214 shares of the construction company’s stock after selling 597,903 shares during the quarter. CRH comprises 6.3% of Lansdowne Partners UK LLP’s portfolio, making the stock its 7th biggest holding. Lansdowne Partners UK LLP’s holdings in CRH were worth $48,215,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Financiere des Professionnels Fonds d investissement inc. bought a new stake in CRH during the 2nd quarter worth about $246,000. Ninety One UK Ltd grew its position in shares of CRH by 13.1% during the 2nd quarter. Ninety One UK Ltd now owns 3,143,490 shares of the construction company’s stock worth $288,572,000 after buying an additional 364,319 shares during the period. Hsbc Holdings PLC raised its stake in shares of CRH by 100.2% during the first quarter. Hsbc Holdings PLC now owns 452,776 shares of the construction company’s stock worth $39,318,000 after buying an additional 226,602 shares during the last quarter. National Pension Service raised its stake in shares of CRH by 8.6% during the first quarter. National Pension Service now owns 2,154,053 shares of the construction company’s stock worth $189,492,000 after buying an additional 170,702 shares during the last quarter. Finally, Summit Securities Group LLC acquired a new position in CRH in the first quarter valued at approximately $249,000. Institutional investors own 62.50% of the company’s stock.

CRH Trading Down 1.2%

Shares of CRH stock opened at $119.65 on Monday. The stock’s fifty day simple moving average is $116.68 and its 200 day simple moving average is $106.53. The company has a market capitalization of $80.20 billion, a PE ratio of 23.83, a PEG ratio of 1.88 and a beta of 1.34. Crh Plc has a 12 month low of $76.75 and a 12 month high of $121.99.

CRH (NYSE:CRH) last posted its earnings results on Wednesday, November 5th. The construction company reported $2.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.94 by $0.27. The firm had revenue of $11.07 billion during the quarter, compared to analysts’ expectations of $10.15 billion. CRH had a return on equity of 16.25% and a net margin of 9.30%.The company’s revenue was up 5.3% on a year-over-year basis. During the same period in the previous year, the firm earned $1.97 earnings per share. CRH has set its FY 2025 guidance at 5.490-5.720 EPS. Analysts predict that Crh Plc will post 5.47 EPS for the current fiscal year.

CRH Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 17th. Shareholders 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 yield of 1.2%. The ex-dividend date is Friday, November 21st. CRH’s dividend payout ratio (DPR) is 22.11%.

Analyst Upgrades and Downgrades

CRH has been the subject of a number of analyst reports. Royal Bank Of Canada lowered their target price on shares of CRH from $152.00 to $150.00 and set an “outperform” rating for the company in a report on Friday, November 7th. Morgan Stanley set a $134.00 price objective on CRH in a research note on Thursday, October 9th. Wells Fargo & Company dropped their price objective on CRH from $135.00 to $133.00 and set an “overweight” rating for the company in a report on Friday, November 7th. JPMorgan Chase & Co. raised their target price on CRH from $130.00 to $135.00 and gave the stock an “overweight” rating in a report on Tuesday, November 11th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of CRH in a research note on Monday, December 1st. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, CRH currently has an average rating of “Moderate Buy” and an average target price of $130.21.

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.