Anchor Capital Advisors LLC Cuts Stock Holdings in Crh Plc $CRH

Anchor Capital Advisors LLC lowered its position in Crh Plc (NYSE:CRH) by 2.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 673,104 shares of the construction company’s stock after selling 19,019 shares during the period. CRH accounts for about 1.8% of Anchor Capital Advisors LLC’s holdings, making the stock its 9th biggest position. Anchor Capital Advisors LLC owned approximately 0.10% of CRH worth $61,791,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Creekmur Asset Management LLC bought a new position in shares of CRH in the second quarter valued at approximately $27,000. Park Place Capital Corp lifted its holdings in shares of CRH by 59.9% in the second quarter. Park Place Capital Corp now owns 307 shares of the construction company’s stock valued at $29,000 after purchasing an additional 115 shares in the last quarter. 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 valued at $39,000 after purchasing an additional 306 shares in the last quarter. GW&K Investment Management LLC lifted its holdings in shares of CRH by 86.7% in the first quarter. GW&K Investment Management LLC now owns 448 shares of the construction company’s stock valued at $39,000 after purchasing an additional 208 shares in the last quarter. Finally, Ransom Advisory Ltd bought a new position in shares of CRH in the first quarter valued at approximately $47,000. Institutional investors own 62.50% of the company’s stock.

CRH Price Performance

CRH stock opened at $115.47 on Thursday. Crh Plc has a one year low of $76.75 and a one year high of $121.99. The business has a fifty day moving average price of $115.72 and a 200-day moving average price of $103.32. The firm has a market capitalization of $77.67 billion, a P/E ratio of 24.16, a PEG ratio of 1.68 and a beta of 1.32.

CRH (NYSE:CRH) last posted its quarterly earnings data on Wednesday, November 5th. The construction company reported $2.21 earnings per share (EPS) for the quarter, beating the consensus estimate 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 15.68% and a net margin of 9.09%. CRH has set its FY 2025 guidance at 5.490-5.720 EPS. Sell-side analysts expect that Crh Plc will post 5.47 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms have recently weighed in on CRH. Truist Financial raised their target price on CRH from $125.00 to $140.00 and gave the company a “buy” rating in a report on Thursday, October 2nd. Morgan Stanley set a $134.00 target price on CRH in a report on Thursday, October 9th. DA Davidson reiterated a “neutral” rating and set a $105.00 price target (down from $120.00) on shares of CRH in a report on Thursday, July 10th. Weiss Ratings reiterated a “buy (b)” rating on shares of CRH in a report on Wednesday, October 8th. Finally, UBS Group assumed coverage on CRH in a report on Tuesday, October 14th. They set a “buy” rating and a $138.00 price target on the stock. Four equities research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $127.71.

CRH Profile

CRH plc, together with its subsidiaries, provides building materials solutions in Ireland and internationally. It operates through four segments: Americas Materials Solutions, Americas Building Solutions, Europe Materials Solutions, and Europe Building Solutions. The company provides solutions for the construction and maintenance of public infrastructure and commercial and residential buildings; and produces and sells aggregates, cement, readymixed concrete, and asphalt, as well as provides paving and construction services.