Raleigh Capital Management Inc. Takes Position in Crh Plc $CRH

Raleigh Capital Management Inc. purchased a new position in shares of Crh Plc (NYSE:CRH) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 4,455 shares of the construction company’s stock, valued at approximately $534,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. United Community Bank lifted its stake in CRH by 359.6% in the third quarter. United Community Bank now owns 239 shares of the construction company’s stock valued at $29,000 after buying an additional 187 shares in the last quarter. Salomon & Ludwin LLC acquired a new stake in shares of CRH during the third quarter worth $32,000. Creekmur Asset Management LLC acquired a new stake in shares of CRH during the second quarter worth $27,000. Riggs Asset Managment Co. Inc. lifted its position in CRH by 1,835.3% in the 2nd quarter. Riggs Asset Managment Co. Inc. now owns 329 shares of the construction company’s stock valued at $30,000 after acquiring an additional 312 shares in the last quarter. Finally, UMB Bank n.a. boosted its stake in CRH by 34.8% in the 3rd 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 period. Institutional investors and hedge funds own 62.50% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on CRH. Wells Fargo & Company decreased their price target on shares of CRH from $138.00 to $133.00 and set an “equal weight” rating for the company in a research note on Thursday. 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 research report on Thursday, January 8th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of CRH in a research note on Monday, December 8th. JPMorgan Chase & Co. increased their price objective on shares of CRH from $130.00 to $135.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 11th. Finally, Morgan Stanley lifted their target price on CRH from $131.00 to $140.00 and gave the company an “overweight” rating in a research report on Wednesday, December 10th. Two analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $135.87.

CRH Stock Performance

Shares of CRH stock opened at $124.80 on Tuesday. Crh Plc has a 52-week low of $76.75 and a 52-week high of $131.55. The stock has a market cap of $83.65 billion, a price-to-earnings ratio of 24.86, a PEG ratio of 1.79 and a beta of 1.33. The firm’s 50-day moving average is $124.33 and its 200-day moving average is $116.04.

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

CRH Dividend Announcement

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 $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date was Friday, November 21st. CRH’s dividend payout ratio is 22.11%.

About CRH

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.