Posted by admin on Jul 25th, 2022
Parallel Advisors LLC lowered its stake in CRH plc (NYSE:CRH – Get Rating) by 47.2% during the 1st quarter, Holdings Channel reports. The institutional investor owned 763 shares of the construction company’s stock after selling 683 shares during the period. Parallel Advisors LLC’s holdings in CRH were worth $31,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently modified their holdings of the company. CWM LLC purchased a new stake in CRH during the 4th quarter valued at $26,000. Standard Family Office LLC bought a new position in CRH in the fourth quarter worth $27,000. Glassman Wealth Services lifted its position in CRH by 65.2% during the fourth quarter. Glassman Wealth Services now owns 651 shares of the construction company’s stock valued at $34,000 after buying an additional 257 shares during the period. UMB Bank N A MO purchased a new position in CRH during the fourth quarter valued at $35,000. Finally, Harbor Investment Advisory LLC boosted its holdings in shares of CRH by 188.4% during the 1st quarter. Harbor Investment Advisory LLC now owns 1,246 shares of the construction company’s stock valued at $50,000 after buying an additional 814 shares in the last quarter. Institutional investors own 12.67% of the company’s stock.
A number of brokerages recently issued reports on CRH. JPMorgan Chase & Co. lifted their price target on shares of CRH from €58.00 ($58.59) to €59.00 ($59.60) and gave the company an “overweight” rating in a research report on Friday, April 22nd. Citigroup reissued a “buy” rating on shares of CRH in a report on Friday, June 17th. Berenberg Bank cut their target price on shares of CRH from €56.00 ($56.57) to €46.00 ($46.46) in a research report on Monday, June 13th. Deutsche Bank Aktiengesellschaft lowered their price target on CRH from €56.00 ($56.57) to €50.00 ($50.51) and set a “buy” rating on the stock in a report on Tuesday, April 19th. Finally, StockNews.com raised CRH from a “buy” rating to a “strong-buy” rating in a report on Friday, July 1st. Two research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, CRH currently has a consensus rating of “Moderate Buy” and a consensus price target of $51.75.
Shares of CRH opened at $36.00 on Monday. CRH plc has a 52 week low of $33.13 and a 52 week high of $54.54. The business has a 50-day simple moving average of $37.23 and a two-hundred day simple moving average of $42.07. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.38 and a current ratio of 1.85.
CRH plc, through its subsidiaries, manufactures and distributes building materials. It operates in three segments: Americas Materials, Europe Materials, and Building Products. The company manufactures and supplies cement, lime, aggregates, precast, ready mixed concrete, and asphalt products; concrete masonry and hardscape products comprising pavers, blocks and kerbs, retaining walls, and related patio products; and glass and glazing products, including architectural glass, custom-engineered curtain and window walls, architectural windows, storefront systems, doors, skylights, and architectural hardware.
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