Nisa Investment Advisors LLC Sells 19,303 Shares of Crh Plc $CRH

Nisa Investment Advisors LLC trimmed its position in shares of Crh Plc (NYSE:CRH) by 50.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 18,624 shares of the construction company’s stock after selling 19,303 shares during the period. Nisa Investment Advisors LLC’s holdings in CRH were worth $2,233,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. L2 Asset Management LLC grew its stake in shares of CRH by 3.0% during the second quarter. L2 Asset Management LLC now owns 3,028 shares of the construction company’s stock valued at $278,000 after buying an additional 89 shares during the last quarter. 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 valued at $877,000 after acquiring an additional 107 shares during the period. Sound View Wealth Advisors Group LLC grew its position in CRH by 3.7% in the 2nd quarter. Sound View Wealth Advisors Group LLC now owns 2,982 shares of the construction company’s stock valued at $274,000 after acquiring an additional 107 shares during the last quarter. Park Place Capital Corp increased its stake 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 purchasing an additional 115 shares during the period. Finally, LRI Investments LLC lifted its position in shares of CRH by 9.2% during the second quarter. LRI Investments LLC now owns 1,669 shares of the construction company’s stock worth $153,000 after purchasing an additional 140 shares during the last quarter. Institutional investors own 62.50% of the company’s stock.

CRH Stock Performance

CRH stock opened at $127.38 on Wednesday. Crh Plc has a one year low of $76.75 and a one year high of $131.55. The firm has a market cap of $85.38 billion, a price-to-earnings ratio of 25.37, a PEG ratio of 1.93 and a beta of 1.34. The firm has a 50-day simple moving average of $121.22 and a two-hundred day simple moving average of $113.24.

CRH (NYSE:CRH) last posted 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. The firm had revenue of $11.07 billion during the quarter, compared to analyst estimates of $10.15 billion. CRH had a net margin of 9.30% and a return on equity of 16.25%. CRH’s revenue was up 5.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.97 EPS. CRH has set its FY 2025 guidance at 5.490-5.720 EPS. As a group, equities analysts predict that Crh Plc will post 5.47 earnings per share for the current fiscal year.

CRH Dividend Announcement

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

Wall Street Analysts Forecast Growth

CRH has been the topic of several recent analyst reports. Wells Fargo & Company reaffirmed an “equal weight” rating and issued a $138.00 price target (up previously from $133.00) on shares of CRH in a research note on Tuesday. DA Davidson lifted their price target on shares of CRH from $110.00 to $116.00 and gave the company a “neutral” rating in a research note on Wednesday, November 12th. Longbow Research initiated coverage on CRH in a research note on Tuesday, December 16th. They issued a “buy” rating and a $160.00 price objective on the stock. Weiss Ratings restated a “buy (b-)” rating on shares of CRH in a report on Monday, December 22nd. Finally, JPMorgan Chase & Co. upped 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. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, CRH currently has a consensus rating of “Moderate Buy” and a consensus price target of $136.20.

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.