Outlook Wealth Advisors LLC Buys New Shares in Crh Plc $CRH

Outlook Wealth Advisors LLC purchased a new stake in shares of Crh Plc (NYSE:CRH) during the 3rd quarter, Holdings Channel reports. The institutional investor purchased 7,234 shares of the construction company’s stock, valued at approximately $867,000.

A number of other hedge funds also recently modified their holdings of CRH. Norges Bank acquired a new stake in shares of CRH during the 2nd quarter worth approximately $1,007,932,000. Eleva Capital SAS bought a new position in CRH in the second quarter worth $250,562,000. Massachusetts Financial Services Co. MA boosted its stake in CRH by 24.3% during the second quarter. Massachusetts Financial Services Co. MA now owns 12,803,346 shares of the construction company’s stock worth $1,175,347,000 after buying an additional 2,499,558 shares in the last quarter. Marshall Wace LLP raised its stake in shares of CRH by 45.3% in the 2nd quarter. Marshall Wace LLP now owns 6,031,903 shares of the construction company’s stock valued at $553,729,000 after buying an additional 1,881,550 shares in the last quarter. Finally, Baupost Group LLC MA increased its stake in CRH by 42.0% in the second quarter. Baupost Group LLC MA now owns 3,825,395 shares of the construction company’s stock valued at $351,171,000 after acquiring an additional 1,131,000 shares during the period. Institutional investors own 62.50% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on CRH. Jefferies Financial Group reaffirmed a “buy” rating on shares of CRH in a report on Monday, December 1st. Morgan Stanley raised their target price on CRH from $131.00 to $140.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 10th. Longbow Research initiated coverage on CRH in a research report on Tuesday, December 16th. They issued a “buy” rating and a $160.00 price target on the stock. JPMorgan Chase & Co. lifted their price objective on CRH from $130.00 to $135.00 and gave the company an “overweight” rating in a report on Tuesday, November 11th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of CRH in a report on Monday, December 22nd. One equities research 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’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $136.20.

CRH Price Performance

Shares of CRH stock opened at $120.97 on Thursday. The firm has a 50 day simple moving average of $122.20 and a 200 day simple moving average of $114.28. Crh Plc has a fifty-two week low of $76.75 and a fifty-two week high of $131.55. The firm has a market cap of $81.08 billion, a P/E ratio of 24.10, a P/E/G ratio of 1.77 and a beta of 1.34.

CRH (NYSE:CRH) last announced its quarterly earnings data on Wednesday, November 5th. The construction company reported $2.21 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 analyst estimates of $10.15 billion. CRH had a return on equity of 16.25% and a net margin of 9.30%.The business’s quarterly revenue was up 5.3% compared to the same quarter last year. During the same period last year, the company earned $1.97 EPS. CRH has set its FY 2025 guidance at 5.490-5.720 EPS. On average, sell-side analysts expect that Crh Plc will post 5.47 EPS for the current year.

CRH Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 17th. Stockholders of record on Friday, November 21st were given a dividend of $0.37 per share. The ex-dividend date was Friday, November 21st. This represents a $1.48 annualized dividend and a dividend yield of 1.2%. CRH’s payout ratio is currently 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.