Mediolanum International Funds Ltd Sells 12,646 Shares of Crh Plc $CRH

Mediolanum International Funds Ltd trimmed its stake in shares of Crh Plc (NYSE:CRH) by 3.3% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 370,552 shares of the construction company’s stock after selling 12,646 shares during the period. Mediolanum International Funds Ltd’s holdings in CRH were worth $42,462,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Principal Financial Group Inc. lifted its stake in CRH by 24.7% in the 3rd quarter. Principal Financial Group Inc. now owns 2,269,271 shares of the construction company’s stock worth $272,086,000 after purchasing an additional 448,860 shares in the last quarter. UMB Bank n.a. increased its holdings in shares of CRH by 34.8% in the third quarter. UMB Bank n.a. now owns 356 shares of the construction company’s stock worth $43,000 after purchasing an additional 92 shares during the last quarter. Transcend Capital Advisors LLC lifted its position in shares of CRH by 27.4% in the third quarter. Transcend Capital Advisors LLC now owns 5,511 shares of the construction company’s stock worth $661,000 after buying an additional 1,185 shares in the last quarter. Martin Investment Management LLC bought a new position in CRH during the third quarter valued at approximately $263,000. Finally, Independent Advisor Alliance bought a new position in CRH during the third quarter valued at approximately $236,000. 62.50% of the stock is currently owned by institutional investors.

CRH Trading Down 1.1%

CRH stock opened at $122.33 on Friday. Crh Plc has a 12-month low of $76.75 and a 12-month high of $131.55. The firm has a 50-day moving average price of $124.09 and a 200-day moving average price of $115.66. The firm has a market capitalization of $82.00 billion, a PE ratio of 24.37, a price-to-earnings-growth ratio of 1.81 and a beta of 1.34.

CRH (NYSE:CRH) last posted its quarterly earnings data on Wednesday, November 5th. The construction company reported $2.21 earnings per share for the quarter, topping analysts’ consensus estimates of $1.94 by $0.27. The company had revenue of $11.07 billion for 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%. The firm’s revenue for the quarter was up 5.3% on a year-over-year basis. During the same period in the prior year, the company posted $1.97 EPS. CRH has set its FY 2025 guidance at 5.490-5.720 EPS. As a group, sell-side analysts predict that Crh Plc will post 5.47 earnings per share for the current fiscal year.

CRH Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 17th. Investors of record on Friday, November 21st were paid 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%.

Analyst Ratings Changes

A number of analysts have issued reports on CRH shares. Royal Bank Of Canada reduced their price objective on CRH from $152.00 to $150.00 and set an “outperform” rating on the stock in a research note on Friday, November 7th. UBS Group raised their target price on shares of CRH from $138.00 to $147.00 and gave the company a “buy” rating in a report on Thursday, January 8th. Citigroup upped their price target on shares of CRH from $142.00 to $155.00 and gave the company a “buy” rating in a research note on Thursday, January 8th. Exane BNP Paribas upgraded shares of CRH to a “strong-buy” rating in a research report on Friday, January 23rd. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of CRH in a report on Monday, December 8th. Two analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, CRH has a consensus rating of “Moderate Buy” and an average target price of $135.87.

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.