Vanguard Personalized Indexing Management LLC Buys 6,714 Shares of Crh Plc $CRH

Vanguard Personalized Indexing Management LLC grew its position in Crh Plc (NYSE:CRH) by 10.1% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 72,998 shares of the construction company’s stock after purchasing an additional 6,714 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in CRH were worth $8,753,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Park Avenue Securities LLC acquired a new stake in CRH during the 3rd quarter worth $4,491,000. Ninety One UK Ltd increased its stake in CRH by 13.1% in the second quarter. Ninety One UK Ltd now owns 3,143,490 shares of the construction company’s stock valued at $288,572,000 after purchasing an additional 364,319 shares in the last quarter. StoneX Group Inc. acquired a new stake in CRH during the 2nd quarter worth approximately $1,472,000. Advanced Portfolio Management LLC bought a new stake in shares of CRH in the second quarter worth $1,148,000. Finally, California Public Employees Retirement System grew its position in CRH by 3.3% in the second quarter. California Public Employees Retirement System now owns 1,173,172 shares of the construction company’s stock valued at $107,697,000 after purchasing an additional 37,949 shares in the last quarter. 62.50% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CRH has been the subject of several recent analyst reports. Citigroup increased their price objective on CRH from $142.00 to $155.00 and gave the company a “buy” rating in a report on Thursday, January 8th. Royal Bank Of Canada dropped their target price on shares of CRH from $152.00 to $150.00 and set an “outperform” rating on the stock in a report on Friday, November 7th. Weiss Ratings reissued a “buy (b-)” rating on shares of CRH in a research report on Monday, December 22nd. Longbow Research started coverage on CRH in a research note on Tuesday, December 16th. They set a “buy” rating and a $160.00 target price for the company. Finally, JPMorgan Chase & Co. increased their price target on CRH from $130.00 to $135.00 and gave the company an “overweight” rating in a research note on Tuesday, November 11th. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $136.20.

CRH Price Performance

CRH stock opened at $122.74 on Tuesday. The stock’s fifty day moving average price is $123.00 and its two-hundred day moving average price is $115.01. The firm has a market cap of $82.27 billion, a PE ratio of 24.45, a price-to-earnings-growth ratio of 1.80 and a beta of 1.34. Crh Plc has a one year low of $76.75 and a one year high of $131.55.

CRH (NYSE:CRH) last released 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 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 business’s revenue for the quarter was up 5.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.97 earnings per share. CRH has set its FY 2025 guidance at 5.490-5.720 EPS. Sell-side analysts expect that Crh Plc will post 5.47 earnings per share for the current fiscal year.

CRH Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 17th. Shareholders 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 yield of 1.2%. The ex-dividend date of this dividend was Friday, November 21st. CRH’s payout ratio is presently 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.