CRH (NYSE:CRH) public limited company, a leading global manufacturer of cement and other building materials with a market capitalization of $66.4 billion, reported on Friday that it has filed notifications of transactions by persons discharging managerial responsibilities.
The transactions were detailed in documents submitted to the U.S. Securities and Exchange Commission on December 13, 2024. According to InvestingPro data, management has been actively buying back shares, demonstrating confidence in the company's future.Want deeper insights? InvestingPro subscribers have access to 12 additional exclusive tips about CRH's performance and outlook.
The filings, which are standard procedure for publicly traded companies, provide transparency into the trading activities of senior management and other insiders within the company. Such disclosures are required to ensure fair and open markets and to prevent insider trading.
According to the documents, the transactions took place on December 10, 2024, and were reported in accordance with SEC regulations. The notifications, listed as Exhibits 99.1 and 99.2, include the specifics of the transactions, such as the names of the individuals involved and the nature of their transactions. This news comes as CRH's stock trades near its 52-week high, having delivered an impressive 50% return over the past year.
CRH public limited company, incorporated in Ireland, is listed on the New York Stock Exchange under the ticker symbol NYSE:CRH. The company also has securities in the form of guaranteed notes due in 2029, 2033, and 2034, which are traded on the same exchange under the symbols CRH/29, CRH/33A, and CRH/34 respectively.
The release of this information serves to maintain the integrity of the market by providing investors and the public with essential data regarding the financial dealings of company insiders. The details of the transactions are not disclosed in this article, but they are accessible through the SEC's filings for those interested in the specifics of the managerial transactions.
This news is based solely on the press release statement from CRH public limited company and the associated SEC filing, ensuring an unbiased and factual report of the events. The company maintains a "GREAT" Financial Health Score according to InvestingPro analysis, with analysts maintaining a bullish consensus recommendation.
For comprehensive insights, including detailed valuation metrics and growth prospects, access the full CRH Pro Research Report, available exclusively to InvestingPro subscribers.
In other recent news, CRH plc has been the subject of several analyst upgrades. JPMorgan (NYSE:JPM) increased its price target for the global building materials company to $116.00, maintaining an Overweight rating on the stock. This follows Goldman Sachs (NYSE:GS)' initiation of coverage on CRH shares with a Neutral rating. Both firms highlighted CRH's strong operational performance, with recent financial results showing a 4% increase in total revenues to $10.5 billion and a 12% rise in adjusted EBITDA to $2.5 billion.
On the other hand, Crawford & Company, a provider of insurance services, has chosen KPMG LLP as its new independent registered public accounting firm for the fiscal year ending December 31, 2025. The incumbent firm, Ernst & Young LLP, will continue to serve for the fiscal year ending December 31, 2024. This decision follows a competitive selection process and is currently pending KPMG's standard evaluation procedures.
Lastly, CRH recently experienced a mine safety order at its Indiana facility. The order was issued as a precautionary measure after a mechanic was found to be at risk due to being under a suspended load. The company took immediate corrective action and no injuries resulted from the incident.
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