Strs Ohio Cuts Stock Position in Crh Plc $CRH

Strs Ohio trimmed its holdings in Crh Plc (NYSE:CRH) by 15.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 159,877 shares of the construction company’s stock after selling 28,878 shares during the period. Strs Ohio’s holdings in CRH were worth $19,169,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in CRH. Creekmur Asset Management LLC bought a new stake in CRH during the 2nd quarter valued at approximately $27,000. Park Place Capital Corp grew its holdings in CRH by 59.9% during the 2nd quarter. Park Place Capital Corp now owns 307 shares of the construction company’s stock valued at $29,000 after buying an additional 115 shares in the last quarter. Riggs Asset Managment Co. Inc. raised its position in shares of CRH by 1,835.3% during the second quarter. Riggs Asset Managment Co. Inc. now owns 329 shares of the construction company’s stock valued at $30,000 after buying an additional 312 shares during the last quarter. Salomon & Ludwin LLC purchased a new position in shares of CRH in the third quarter worth $32,000. Finally, Cullen Frost Bankers Inc. lifted its holdings in shares of CRH by 255.0% in the second quarter. Cullen Frost Bankers Inc. now owns 426 shares of the construction company’s stock worth $39,000 after buying an additional 306 shares in the last quarter. Institutional investors own 62.50% of the company’s stock.

CRH Stock Performance

NYSE CRH opened at $122.85 on Friday. The business’s 50 day moving average price is $122.73 and its 200-day moving average price is $114.69. Crh Plc has a fifty-two week low of $76.75 and a fifty-two week high of $131.55. The company has a market cap of $82.34 billion, a P/E ratio of 24.47, a P/E/G ratio of 1.80 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 EPS for the quarter, topping the consensus estimate of $1.94 by $0.27. CRH had a net margin of 9.30% and a return on equity of 16.25%. The company had revenue of $11.07 billion during the quarter, compared to analyst estimates of $10.15 billion. During the same period in the previous year, the firm earned $1.97 earnings per share. CRH’s quarterly revenue was up 5.3% compared to the same quarter last year. CRH has set its FY 2025 guidance at 5.490-5.720 EPS. As a group, equities analysts predict that Crh Plc will post 5.47 EPS for the current year.

CRH Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 17th. Investors of record on Friday, November 21st were given a $0.37 dividend. 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 dividend payout ratio is 22.11%.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the stock. Morgan Stanley lifted their price target on shares of CRH from $131.00 to $140.00 and gave the company an “overweight” rating in a report on Wednesday, December 10th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of CRH in a report on Monday, December 22nd. Royal Bank Of Canada dropped their price target on CRH from $152.00 to $150.00 and set an “outperform” rating for the company in a research note on Friday, November 7th. Wells Fargo & Company restated an “equal weight” rating and set a $138.00 price target (up previously from $133.00) on shares of CRH in a report on Tuesday, January 13th. Finally, Truist Financial upped their price objective on CRH from $125.00 to $140.00 and gave the stock a “buy” rating in a report on Thursday, October 2nd. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, CRH has a consensus rating of “Moderate Buy” and a consensus target price of $136.20.

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.