Manning & Napier Advisors LLC Sells 41,008 Shares of Crh Plc $CRH

Manning & Napier Advisors LLC reduced its stake in Crh Plc (NYSE:CRH) by 84.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,831 shares of the construction company’s stock after selling 41,008 shares during the period. Manning & Napier Advisors LLC’s holdings in CRH were worth $939,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Creekmur Asset Management LLC bought a new stake in shares of CRH during the second quarter valued at approximately $27,000. Park Place Capital Corp lifted its position in CRH by 59.9% during the second quarter. Park Place Capital Corp now owns 307 shares of the construction company’s stock valued at $29,000 after buying an additional 115 shares during the period. Riggs Asset Managment Co. Inc. boosted its holdings in shares of CRH by 1,835.3% during the 2nd quarter. Riggs Asset Managment Co. Inc. now owns 329 shares of the construction company’s stock valued at $30,000 after buying an additional 312 shares in the last quarter. Salomon & Ludwin LLC purchased a new stake in shares of CRH in the 3rd quarter worth approximately $32,000. Finally, Cullen Frost Bankers Inc. grew 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 purchasing an additional 306 shares during the last quarter. 62.50% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have commented on CRH. Wells Fargo & Company reaffirmed an “equal weight” rating and issued a $138.00 target price (up previously from $133.00) on shares of CRH in a research report on Tuesday. JPMorgan Chase & Co. lifted their price target on shares of CRH from $130.00 to $135.00 and gave the company an “overweight” rating in a report on Tuesday, November 11th. Barclays boosted their price target on shares of CRH from $110.00 to $131.00 and gave the stock an “overweight” rating in a research note on Monday, October 20th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of CRH in a research report on Monday, December 8th. Finally, Truist Financial lifted their price objective on shares of CRH from $125.00 to $140.00 and gave the stock a “buy” rating in a research note on Thursday, October 2nd. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, CRH has a consensus rating of “Moderate Buy” and an average price target of $136.20.

CRH Stock Performance

Shares of NYSE CRH opened at $122.65 on Friday. Crh Plc has a fifty-two week low of $76.75 and a fifty-two week high of $131.55. The company has a market cap of $82.21 billion, a PE ratio of 24.43, a P/E/G ratio of 1.79 and a beta of 1.34. The business has a 50-day simple moving average of $121.50 and a two-hundred day simple moving average of $113.36.

CRH (NYSE:CRH) last released its quarterly earnings data on Wednesday, November 5th. The construction company reported $2.21 earnings per share for the quarter, beating analysts’ consensus estimates of $1.94 by $0.27. CRH had a return on equity of 16.25% and a net margin of 9.30%.The business had revenue of $11.07 billion during the quarter, compared to analyst estimates of $10.15 billion. During the same quarter last year, the business posted $1.97 EPS. The company’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, sell-side analysts predict that Crh Plc will post 5.47 earnings per share for the current fiscal year.

CRH Dividend Announcement

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

CRH Profile

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.