Crh Plc $CRH is Pacific Capital Partners Ltd’s 9th Largest Position

by · The Cerbat Gem

Pacific Capital Partners Ltd lessened its holdings in Crh Plc (NYSE:CRH – Free Report) by 20.7% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 29,750 shares of the construction company’s stock after selling 7,750 shares during the period. CRH comprises approximately 4.0% of Pacific Capital Partners Ltd’s holdings, making the stock its 9th biggest position. Pacific Capital Partners Ltd’s holdings in CRH were worth $3,567,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Norges Bank bought a new position in CRH in the second quarter worth approximately $1,007,932,000. Eleva Capital SAS purchased a new stake in shares of CRH in the 2nd quarter worth $250,562,000. Massachusetts Financial Services Co. MA increased its stake in shares of CRH by 24.3% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 12,803,346 shares of the construction company’s stock worth $1,175,347,000 after purchasing an additional 2,499,558 shares in the last quarter. Marshall Wace LLP raised its holdings in CRH by 45.3% in the 2nd quarter. Marshall Wace LLP now owns 6,031,903 shares of the construction company’s stock worth $553,729,000 after purchasing an additional 1,881,550 shares during the period. Finally, Baupost Group LLC MA lifted its position in CRH by 42.0% during the second quarter. Baupost Group LLC MA now owns 3,825,395 shares of the construction company’s stock valued at $351,171,000 after purchasing an additional 1,131,000 shares in the last quarter. 62.50% of the stock is currently owned by institutional investors.

CRH Price Performance

CRH stock opened at $127.38 on Wednesday. Crh Plc has a 1-year low of $76.75 and a 1-year high of $131.55. The business has a 50 day simple moving average of $121.22 and a two-hundred day simple moving average of $113.24. The company has a market capitalization of $85.38 billion, a price-to-earnings ratio of 25.37, a PEG ratio of 1.93 and a beta of 1.34.

CRH (NYSE:CRH – Get Free Report) last released its earnings results 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 firm had revenue of $11.07 billion for the quarter, compared to the consensus estimate of $10.15 billion. During the same quarter in the previous year, the firm earned $1.97 earnings per share. The company’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. Sell-side analysts anticipate that Crh Plc will post 5.47 EPS for the current fiscal year.

CRH Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 17th. Shareholders of record on Friday, November 21st were issued a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend 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 Analyst Weigh In

A number of analysts have commented on CRH shares. JPMorgan Chase & Co. upped their price target on CRH from $130.00 to $135.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 11th. Citigroup increased their target price on shares of CRH from $142.00 to $155.00 and gave the stock a “buy” rating in a report on Thursday, January 8th. Wells Fargo & Company restated an “equal weight” rating and set a $138.00 target price (up previously from $133.00) on shares of CRH in a research note on Tuesday. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of CRH in a research report on Monday, December 8th. Finally, Royal Bank Of Canada reduced their price objective on shares of CRH from $152.00 to $150.00 and set an “outperform” rating for the company in a research note on Friday, November 7th. One investment analyst has 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 data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $136.20.

Get Our Latest Research Report on CRH

CRH Company Profile

(Free Report)

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.

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