Generate Investment Management Ltd Cuts Stake in Crh Plc $CRH

Generate Investment Management Ltd cut its position in Crh Plc (NYSE:CRH) by 50.3% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 242,516 shares of the construction company’s stock after selling 245,500 shares during the period. CRH makes up about 1.5% of Generate Investment Management Ltd’s investment portfolio, making the stock its 21st largest holding. Generate Investment Management Ltd’s holdings in CRH were worth $29,078,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in CRH. Sivia Capital Partners LLC raised its holdings in CRH by 25.4% in the 3rd quarter. Sivia Capital Partners LLC now owns 5,366 shares of the construction company’s stock worth $643,000 after acquiring an additional 1,087 shares during the last quarter. Diversified Trust Co boosted its stake in CRH by 38.5% during the 3rd quarter. Diversified Trust Co now owns 18,374 shares of the construction company’s stock valued at $2,203,000 after purchasing an additional 5,108 shares during the last quarter. LVW Advisors LLC bought a new stake in shares of CRH in the 3rd quarter worth $204,000. Ethic Inc. raised its stake in shares of CRH by 344.7% in the third quarter. Ethic Inc. now owns 32,083 shares of the construction company’s stock worth $3,847,000 after purchasing an additional 24,868 shares during the last quarter. Finally, Traveka Wealth LLC bought a new position in shares of CRH during the third quarter valued at $261,000. Hedge funds and other institutional investors own 62.50% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on CRH shares. Barclays lifted their price objective on CRH from $110.00 to $131.00 and gave the stock an “overweight” rating in a report on Monday, October 20th. Sanford C. Bernstein lifted their price target on shares of CRH from $115.00 to $130.00 and gave the stock an “outperform” rating in a research note on Thursday, September 11th. Truist Financial increased their price objective on shares of CRH from $125.00 to $140.00 and gave the company a “buy” rating in a research report on Thursday, October 2nd. Wells Fargo & Company dropped their target price on shares of CRH from $135.00 to $133.00 and set an “overweight” rating on the stock in a report on Friday, November 7th. Finally, UBS Group began coverage on CRH in a report on Tuesday, October 14th. They set a “buy” rating and a $138.00 price target on the stock. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, CRH has an average rating of “Moderate Buy” and a consensus target price of $132.60.

CRH Stock Down 1.2%

Shares of CRH stock opened at $125.80 on Wednesday. Crh Plc has a twelve month low of $76.75 and a twelve month high of $129.28. The business has a 50-day moving average price of $119.52 and a 200-day moving average price of $110.61. The firm has a market cap of $84.32 billion, a price-to-earnings ratio of 25.06, a PEG ratio of 2.06 and a beta of 1.35.

CRH (NYSE:CRH) last announced its quarterly earnings results 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 company had revenue of $11.07 billion during 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 firm’s revenue was up 5.3% on a year-over-year basis. During the same period in the prior year, the company earned $1.97 earnings per share. CRH has set its FY 2025 guidance at 5.490-5.720 EPS. On average, equities analysts expect that Crh Plc will post 5.47 EPS for the current fiscal year.

CRH Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 17th. Shareholders of record on Friday, November 21st were paid a $0.37 dividend. The ex-dividend date of this dividend was Friday, November 21st. This represents a $1.48 annualized dividend and a yield of 1.2%. CRH’s dividend payout ratio (DPR) 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.