Tema Etfs LLC Acquires Shares of 61,346 Crh Plc $CRH

Tema Etfs LLC acquired 61,346 shares of CRH Plc, valued at approximately $5.63 million, during the second quarter. CRH is now the 14th largest holding of Tema Etfs LLC. The construction company's stock performance has been strong, with a recent quarterly earnings report exceeding expectations. CRH also announced a quarterly dividend of $0.37 per share. Analysts have given CRH a "Moderate Buy" rating with a consensus price target of $129.54.

Tema Etfs LLC bought a new position in Crh Plc (NYSE:CRH - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 61,346 shares of the construction company's stock, valued at approximately $5,632,000. CRH makes up about 1.5% of Tema Etfs LLC's holdings, making the stock its 14th biggest holding.

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

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Commerce Bank bought a new stake in CRH in the 1st quarter valued at $284,000. PNC Financial Services Group Inc. grew its position in shares of CRH by 7.5% during the first quarter. PNC Financial Services Group Inc. now owns 11,826 shares of the construction company's stock valued at $1,040,000 after purchasing an additional 824 shares in the last quarter. Thoroughbred Financial Services LLC increased its holdings in shares of CRH by 10.5% in the first quarter. Thoroughbred Financial Services LLC now owns 10,960 shares of the construction company's stock worth $964,000 after purchasing an additional 1,039 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of CRH by 62.8% in the first quarter. Vanguard Group Inc. now owns 63,755,468 shares of the construction company's stock worth $5,608,567,000 after purchasing an additional 24,591,538 shares during the last quarter. Finally, ASR Vermogensbeheer N.V. purchased a new stake in shares of CRH in the first quarter worth about $1,165,000. Institutional investors own 62.50% of the company's stock.

CRH Stock Performance

NYSE CRH opened at $121.05 on Friday. The business's 50 day moving average price is $116.56 and its 200-day moving average price is $106.24. Crh Plc has a fifty-two week low of $76.75 and a fifty-two week high of $121.99. The company has a market cap of $81.14 billion, a P/E ratio of 24.11, a P/E/G ratio of 1.91 and a beta of 1.35.

CRH (NYSE:CRH - Get Free Report) last posted its quarterly earnings data 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 company had revenue of $11.07 billion during the quarter, compared to analyst estimates of $10.15 billion. During the same period in the previous year, the firm earned $1.97 earnings per share. CRH'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, equities analysts predict that Crh Plc will post 5.47 EPS for the current year.

CRH Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 17th. Investors of record on Friday, November 21st will be issued 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 dividend payout ratio is presently 22.11%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on CRH. 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. Weiss Ratings reiterated a "buy (b)" rating on shares of CRH in a research report on Monday. Jefferies Financial Group reissued a "buy" rating on shares of CRH in a report on Monday. Royal Bank Of Canada decreased their price target on shares of CRH from $152.00 to $150.00 and set an "outperform" rating on the stock in a research note on Friday, November 7th. Finally, Truist Financial increased their price objective on shares of CRH from $125.00 to $140.00 and gave the company a "buy" rating in a research report on Thursday, October 2nd. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, CRH has an average rating of "Moderate Buy" and a consensus price target of $129.54.

Check Out Our Latest Analysis on CRH

About CRH

(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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