New York State Common Retirement Fund Sells 44,600 Shares of Crh Plc $CRH

New York State Common Retirement Fund decreased its stake in shares of Crh Plc (NYSE:CRH) by 6.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 658,781 shares of the construction company’s stock after selling 44,600 shares during the period. New York State Common Retirement Fund owned about 0.10% of CRH worth $78,988,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CRH. NewEdge Advisors LLC lifted its holdings in shares of CRH by 158.5% during the 1st quarter. NewEdge Advisors LLC now owns 8,670 shares of the construction company’s stock valued at $763,000 after buying an additional 5,316 shares during the period. Empowered Funds LLC grew its holdings in shares of CRH by 5.3% in the first quarter. Empowered Funds LLC now owns 13,178 shares of the construction company’s stock worth $1,159,000 after acquiring an additional 658 shares during the period. Sivia Capital Partners LLC increased its position in CRH by 58.5% during the second quarter. Sivia Capital Partners LLC now owns 4,279 shares of the construction company’s stock valued at $393,000 after acquiring an additional 1,579 shares during the last quarter. Park Place Capital Corp lifted its holdings in 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 acquiring an additional 115 shares during the period. Finally, Trivium Point Advisory LLC purchased a new position in CRH in the second quarter worth about $231,000. Hedge funds and other institutional investors own 62.50% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on CRH shares. UBS Group upped their price target 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 reaffirmed a “buy” rating on shares of CRH in a report on Monday, December 8th. JPMorgan Chase & Co. lifted their price target 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. Royal Bank Of Canada reduced their price objective on CRH from $152.00 to $150.00 and set an “outperform” rating for the company in a research note on Friday, November 7th. Finally, Wells Fargo & Company decreased their target price on CRH from $138.00 to $133.00 and set an “equal weight” rating on the stock in a report on Thursday. Two research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, CRH presently has an average rating of “Moderate Buy” and a consensus price target of $135.87.

CRH Stock Performance

CRH opened at $123.59 on Friday. The stock has a market cap of $82.84 billion, a price-to-earnings ratio of 24.62, a price-to-earnings-growth ratio of 1.79 and a beta of 1.34. The firm’s fifty day moving average is $123.85 and its 200 day moving average is $115.32. Crh Plc has a fifty-two week low of $76.75 and a fifty-two week high of $131.55.

CRH (NYSE:CRH) last posted 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. CRH had a return on equity of 16.25% and a net margin of 9.30%.The business had revenue of $11.07 billion for the quarter, compared to analysts’ expectations of $10.15 billion. During the same period last year, the firm earned $1.97 earnings per share. The business’s quarterly revenue was up 5.3% on a year-over-year basis. CRH has set its FY 2025 guidance at 5.490-5.720 EPS. On average, equities research analysts predict that Crh Plc will post 5.47 earnings per share for the current year.

CRH Announces Dividend

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