Nordea Investment Management AB Sells 236,611 Shares of Crh Plc $CRH

by · The Cerbat Gem

Nordea Investment Management AB lowered its position in shares of Crh Plc (NYSE:CRH – Free Report) by 7.0% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,132,648 shares of the construction company’s stock after selling 236,611 shares during the quarter. Nordea Investment Management AB owned 0.47% of CRH worth $374,696,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the company. Creekmur Asset Management LLC acquired a new stake in CRH during the second quarter worth approximately $27,000. Park Place Capital Corp grew its stake 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 worth $29,000 after purchasing an additional 115 shares during the last quarter. Riggs Asset Managment Co. Inc. lifted its position in shares of CRH by 1,835.3% during the 2nd quarter. Riggs Asset Managment Co. Inc. now owns 329 shares of the construction company’s stock valued at $30,000 after acquiring an additional 312 shares during the period. Salomon & Ludwin LLC bought a new position in CRH in the third quarter worth approximately $32,000. Finally, Cullen Frost Bankers Inc. increased its position in shares of CRH by 255.0% during the second quarter. Cullen Frost Bankers Inc. now owns 426 shares of the construction company’s stock worth $39,000 after acquiring 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 $131.41 on Tuesday. Crh Plc has a one year low of $76.75 and a one year high of $131.55. The company has a market cap of $88.08 billion, a P/E ratio of 26.18, a P/E/G ratio of 1.93 and a beta of 1.34. The business has a fifty day moving average price of $121.03 and a 200 day moving average price of $112.99.

CRH (NYSE:CRH – Get Free Report) last posted its earnings results on Wednesday, November 5th. The construction company reported $2.21 earnings per share for the quarter, beating 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 during the quarter, compared to the consensus estimate of $10.15 billion. During the same quarter last year, the firm earned $1.97 EPS. The firm’s revenue for the quarter was up 5.3% on a year-over-year basis. CRH has set its FY 2025 guidance at 5.490-5.720 EPS. As a group, sell-side analysts predict that Crh Plc will post 5.47 EPS for the current fiscal year.

CRH Dividend Announcement

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 was Friday, November 21st. This represents a $1.48 dividend on an annualized basis and a yield of 1.1%. CRH’s payout ratio is currently 22.11%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on CRH shares. Weiss Ratings restated a “buy (b-)” rating on shares of CRH in a research report on Monday, December 22nd. Longbow Research initiated coverage on CRH in a research note on Tuesday, December 16th. They issued a “buy” rating and a $160.00 price objective for the company. Morgan Stanley boosted their price objective on CRH from $131.00 to $140.00 and gave the company an “overweight” rating in a research report on Wednesday, December 10th. Citigroup lifted their target price on CRH from $142.00 to $155.00 and gave the stock a “buy” rating in a report on Thursday. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of CRH in a research report on Monday, December 8th. One research 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 stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $135.87.

Get Our Latest Stock Analysis on CRH

About CRH

(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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