West Family Investments Inc. Invests $244,000 in Crh Plc $CRH

West Family Investments Inc. acquired 2,659 shares of Crh Plc, valued at $244,000, in the second quarter. This investment is part of a broader trend, with several hedge funds increasing their stakes in CRH. Analysts have set a consensus "Buy" rating for CRH, with a target price of $129.54. CRH reported strong quarterly earnings, with a 5.3% revenue increase year-over-year, and announced a quarterly dividend of $0.37 per share.

West Family Investments Inc. bought a new stake in shares of Crh Plc (NYSE:CRH - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 2,659 shares of the construction company's stock, valued at approximately $244,000.

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Several other hedge funds have also recently bought and sold shares of the business. Vanguard Group Inc. raised its stake in CRH by 1.0% during the 2nd quarter. Vanguard Group Inc. now owns 64,405,066 shares of the construction company's stock valued at $5,912,385,000 after purchasing an additional 649,598 shares during the last quarter. Massachusetts Financial Services Co. MA increased its stake in shares of CRH by 24.3% in the second quarter. Massachusetts Financial Services Co. MA now owns 12,803,346 shares of the construction company's stock valued at $1,175,347,000 after buying an additional 2,499,558 shares in the last quarter. Norges Bank bought a new position in shares of CRH in the second quarter worth about $1,007,932,000. Boston Partners raised its position in shares of CRH by 9.4% during the second quarter. Boston Partners now owns 9,654,828 shares of the construction company's stock worth $888,810,000 after acquiring an additional 832,027 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in CRH by 4.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 9,185,200 shares of the construction company's stock worth $843,201,000 after acquiring an additional 354,711 shares during the period. 62.50% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CRH has been the subject of several recent analyst reports. Wells Fargo & Company lowered their target price on shares of CRH from $135.00 to $133.00 and set an "overweight" rating for the company in a research note on Friday, November 7th. Morgan Stanley set a $134.00 price target on CRH in a research report on Thursday, October 9th. Jefferies Financial Group upgraded shares of CRH to a "strong-buy" rating in a research note on Monday, September 22nd. DA Davidson raised their price target on CRH from $110.00 to $116.00 and gave the company a "neutral" rating in a report on Wednesday, November 12th. Finally, UBS Group started coverage on CRH in a report on Tuesday, October 14th. They set a "buy" rating and a $138.00 price target for the company. Two analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, CRH has a consensus rating of "Buy" and a consensus target price of $129.54.

Read Our Latest Research Report on CRH

CRH Stock Performance

NYSE CRH opened at $119.96 on Monday. The stock has a market cap of $80.41 billion, a PE ratio of 25.10, a PEG ratio of 1.68 and a beta of 1.32. Crh Plc has a fifty-two week low of $76.75 and a fifty-two week high of $121.99. The firm's fifty day moving average price is $116.00 and its two-hundred day moving average price is $105.73.

CRH (NYSE:CRH - Get Free Report) last released its quarterly earnings results on Wednesday, November 5th. The construction company reported $2.21 earnings per share for the quarter, topping the consensus estimate of $1.94 by $0.27. CRH had a return on equity of 15.68% and a net margin of 9.09%.The company had revenue of $11.07 billion for the quarter, compared to analysts' expectations of $10.15 billion. During the same period in the previous year, the business posted $1.97 earnings per share. The business'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, sell-side analysts predict that Crh Plc will post 5.47 earnings per share for the current fiscal year.

CRH Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 17th. Investors of record on Friday, November 21st will be issued a $0.37 dividend. The ex-dividend date is Friday, November 21st. This represents a $1.48 annualized dividend and a yield of 1.2%. CRH's dividend payout ratio is presently 22.11%.

CRH Company Profile

(Free Report)

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.

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