Ycg LLC Purchases 4,636 Shares of Crh Plc $CRH

Ycg LLC boosted its position in Crh Plc (NYSE:CRH) by 4.2% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 113,971 shares of the construction company’s stock after buying an additional 4,636 shares during the quarter. CRH makes up about 1.0% of Ycg LLC’s holdings, making the stock its 29th largest position. Ycg LLC’s holdings in CRH were worth $13,665,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Salomon & Ludwin LLC purchased a new stake in CRH in the 3rd quarter worth about $32,000. Creekmur Asset Management LLC purchased a new stake in CRH during the second quarter valued at about $27,000. Park Place Capital Corp boosted 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 worth $29,000 after purchasing an additional 115 shares during the period. Riggs Asset Managment Co. Inc. increased its stake in shares of CRH by 1,835.3% in the second quarter. Riggs Asset Managment Co. Inc. now owns 329 shares of the construction company’s stock worth $30,000 after purchasing an additional 312 shares in the last quarter. Finally, Cullen Frost Bankers Inc. raised its position in shares of CRH by 255.0% in the second 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 period. Hedge funds and other institutional investors own 62.50% of the company’s stock.

Analyst Upgrades and Downgrades

CRH has been the subject of a number of recent research reports. DA Davidson lifted their price objective 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. UBS Group lifted their price target on CRH from $138.00 to $147.00 and gave the company a “buy” rating in a research report on Thursday, January 8th. Morgan Stanley boosted their price objective on CRH from $131.00 to $140.00 and gave the company an “overweight” rating in a research note on Wednesday, December 10th. Jefferies Financial Group restated a “buy” rating on shares of CRH in a research note on Monday, December 1st. Finally, JPMorgan Chase & Co. lifted their target price on CRH from $130.00 to $135.00 and gave the company an “overweight” rating in a report on Tuesday, November 11th. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $136.20.

CRH Stock Performance

NYSE:CRH opened at $123.08 on Friday. Crh Plc has a 52-week low of $76.75 and a 52-week high of $131.55. The stock has a fifty day moving average of $121.71 and a 200 day moving average of $113.58. The firm has a market capitalization of $82.50 billion, a price-to-earnings ratio of 24.52, a P/E/G ratio of 1.80 and a beta of 1.34.

CRH (NYSE:CRH) last released its quarterly earnings results on Wednesday, November 5th. The construction company reported $2.21 earnings per share for the quarter, beating the consensus estimate of $1.94 by $0.27. The firm had revenue of $11.07 billion for 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% compared to the same quarter last year. During the same quarter last year, the firm posted $1.97 EPS. CRH has set its FY 2025 guidance at 5.490-5.720 EPS. Equities analysts forecast 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. Investors of record on Friday, November 21st were issued a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend was Friday, November 21st. CRH’s dividend payout ratio (DPR) is currently 22.11%.

CRH Company 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.