Advisors Asset Management Inc. raised its position in CRH PLC (NYSE:CRH) by 8.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 144,457 shares of the construction company’s stock after buying an additional 11,046 shares during the period. Advisors Asset Management Inc.’s holdings in CRH PLC were worth $5,124,000 as of its most recent filing with the SEC.
Several other hedge funds have also modified their holdings of CRH. Parametric Portfolio Associates LLC increased its stake in shares of CRH PLC by 25.6% in the first quarter. Parametric Portfolio Associates LLC now owns 559,914 shares of the construction company’s stock worth $19,692,000 after buying an additional 114,087 shares during the last quarter. Wetherby Asset Management Inc. boosted its position in shares of CRH PLC by 14.0% in the first quarter. Wetherby Asset Management Inc. now owns 13,049 shares of the construction company’s stock worth $459,000 after buying an additional 1,606 shares during the period. Greenleaf Trust purchased a new position in shares of CRH PLC during the first quarter worth approximately $270,000. Princeton Alpha Management LP boosted its position in shares of CRH PLC by 7.7% in the first quarter. Princeton Alpha Management LP now owns 9,477 shares of the construction company’s stock worth $333,000 after buying an additional 680 shares during the period. Finally, Wellington Management Group LLP boosted its position in shares of CRH PLC by 32.7% in the first quarter. Wellington Management Group LLP now owns 1,197,807 shares of the construction company’s stock worth $42,127,000 after buying an additional 294,945 shares during the period. 4.09% of the stock is owned by hedge funds and other institutional investors.
CRH PLC (NYSE CRH) opened at 34.69 on Friday. The stock has a market capitalization of $28.88 billion, a PE ratio of 19.70 and a beta of 0.96. The company’s 50-day moving average price is $35.36 and its 200-day moving average price is $35.44. CRH PLC has a one year low of $31.55 and a one year high of $38.04.
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A number of equities analysts recently commented on CRH shares. Bank of America Corporation upgraded CRH PLC from a “neutral” rating to a “buy” rating in a report on Friday, April 21st. BidaskClub cut CRH PLC from a “hold” rating to a “sell” rating in a report on Monday, July 24th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $39.00.
CRH PLC Company Profile
CRH public limited company (CRH plc) is a building materials company. The Company’s segments include Europe Heavyside, Europe Lightside, Europe Distribution, Americas Materials, Americas Products, Americas Distribution and Asia. Europe Heavyside segment is engaged in the manufacturing and supply of aggregates, asphalt, cement, readymixed and precast concrete and landscaping products.
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