Groupe la Francaise Cuts Stock Position in Crh Plc $CRH

Groupe la Francaise reduced its stake in CRH Plc by 9.5% in Q2, now holding 1,044,598 shares. CRH is 1.5% of their portfolio, valued at $95.9M. Other investors adjusted their positions in CRH. Analysts have given CRH a "Moderate Buy" rating, with a price target of $129.54. CRH's Q3 earnings exceeded expectations, with $2.21 EPS and $11.07B revenue. A quarterly dividend of $0.37 per share was announced, payable on December 17th.

Groupe la Francaise lessened its stake in shares of Crh Plc (NYSE:CRH - Free Report) by 9.5% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,044,598 shares of the construction company's stock after selling 110,205 shares during the period. CRH makes up about 1.5% of Groupe la Francaise's investment portfolio, making the stock its 17th largest holding. Groupe la Francaise owned 0.15% of CRH worth $95,922,000 as of its most recent filing with the Securities & Exchange Commission.

Should You Bring The Luck Of The Irish To Your Investmets?

A number of other large investors have also added to or reduced their stakes in the stock. Creekmur Asset Management LLC bought a new position in shares of CRH during the second quarter valued at $27,000. Park Place Capital Corp grew its position in CRH by 59.9% during the 2nd 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 during the last quarter. Cullen Frost Bankers Inc. increased its stake in CRH by 255.0% during the 2nd 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. Ransom Advisory Ltd bought a new stake in CRH during the 1st quarter valued at about $47,000. Finally, Richardson Financial Services Inc. raised its holdings in CRH by 29.4% in the second quarter. Richardson Financial Services Inc. now owns 678 shares of the construction company's stock worth $63,000 after buying an additional 154 shares during the last quarter. Hedge funds and other institutional investors own 62.50% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on CRH. Barclays increased their price target on shares of CRH from $110.00 to $131.00 and gave the company an "overweight" rating in a report on Monday, October 20th. Weiss Ratings reiterated a "buy (b-)" rating on shares of CRH in a research note on Wednesday, November 19th. Jefferies Financial Group reissued a "buy" rating on shares of CRH in a report on Monday. JPMorgan Chase & Co. upped their price target on CRH from $130.00 to $135.00 and gave the company an "overweight" rating in a report on Tuesday, November 11th. Finally, Truist Financial lifted their price objective on CRH from $125.00 to $140.00 and gave the stock a "buy" rating in a report on Thursday, October 2nd. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, CRH has a consensus rating of "Moderate Buy" and an average price target of $129.54.

Check Out Our Latest Report on CRH

CRH Price Performance

CRH stock opened at $119.71 on Tuesday. Crh Plc has a 1 year low of $76.75 and a 1 year high of $121.99. The company has a market cap of $80.24 billion, a P/E ratio of 25.04, a price-to-earnings-growth ratio of 1.68 and a beta of 1.32. The stock's fifty day moving average price is $116.10 and its 200-day moving average price is $105.89.

CRH (NYSE:CRH - Get Free Report) last announced its earnings results on Wednesday, November 5th. The construction company reported $2.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.94 by $0.27. The business had revenue of $11.07 billion for the quarter, compared to analysts' expectations of $10.15 billion. CRH had a return on equity of 15.68% and a net margin of 9.09%.The business's revenue for the quarter was up 5.3% on a year-over-year basis. During the same period last year, the firm posted $1.97 earnings per share. CRH has set its FY 2025 guidance at 5.490-5.720 EPS. As a group, analysts expect that Crh Plc will post 5.47 earnings per share for the current year.

CRH Announces Dividend

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