Crh Plc $CRH Stock: Stockman Wealth Management Inc. Increases Position

Stockman Wealth Management Inc. grew its holdings in Crh Plc (NYSE:CRH) by 11.3% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 146,606 shares of the construction company’s stock after buying an additional 14,882 shares during the quarter. Stockman Wealth Management Inc.’s holdings in CRH were worth $12,139,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. QRG Capital Management Inc. increased its position in CRH by 7.7% during the 2nd quarter. QRG Capital Management Inc. now owns 196,860 shares of the construction company’s stock valued at $21,064,000 after purchasing an additional 14,091 shares during the period. Handelsbanken Fonder AB increased its position in shares of CRH by 13.0% during the second quarter. Handelsbanken Fonder AB now owns 332,198 shares of the construction company’s stock valued at $35,545,000 after buying an additional 38,141 shares during the period. Lazard Asset Management LLC increased its position in shares of CRH by 4.1% during the first quarter. Lazard Asset Management LLC now owns 2,336,754 shares of the construction company’s stock valued at $245,460,000 after buying an additional 93,106 shares during the period. Davis Rea LTD. increased its position in shares of CRH by 1,292.9% during the third quarter. Davis Rea LTD. now owns 70,135 shares of the construction company’s stock valued at $5,807,000 after buying an additional 65,100 shares during the period. Finally, Commerzbank Aktiengesellschaft FI bought a new position in CRH in the second quarter worth about $2,229,000. 62.50% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

CRH has been the topic of several research reports. Deutsche Bank Aktiengesellschaft set a $118.00 price target on CRH in a research report on Friday, October 9th. Royal Bank Of Canada reduced their price target on CRH from $165.00 to $135.00 and set an “outperform” rating on the stock in a research note on Friday, October 9th. Barclays decreased their price objective on CRH from $131.00 to $110.00 and set an “overweight” rating for the company in a report on Monday, October 19th. Morgan Stanley began coverage on CRH in a research report on Friday, September 11th. They set an “overweight” rating and a $139.00 price objective for the company. Finally, Rothschild & Co Redburn dropped their target price on shares of CRH from $135.00 to $120.00 and set a “buy” rating on the stock in a report on Thursday, October 1st. One research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, CRH presently has an average rating of “Buy” and a consensus price target of $126.50.

CRH Stock Performance

Shares of NYSE CRH opened at $86.49 on Thursday. The company has a 50 day simple moving average of $87.32 and a two-hundred day simple moving average of $104.64. Crh Plc has a fifty-two week low of $78.62 and a fifty-two week high of $131.55. The company has a market capitalization of $57.54 billion, a price-to-earnings ratio of 15.25, a P/E/G ratio of 1.54 and a beta of 1.31.

CRH (NYSE:CRH) last issued its quarterly earnings results on Friday, July 31st. The construction company reported $2.21 EPS for the quarter, topping analysts’ consensus estimates of $2.02 by $0.19. The firm had revenue of $10.78 billion for the quarter, compared to analysts’ expectations of $10.68 billion. CRH had a return on equity of 15.76% and a net margin of 9.93%. The business’s revenue for the quarter was up 5.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.94 EPS. On average, analysts forecast that Crh Plc will post 5.83 earnings per share for the current fiscal year.

CRH Company Profile

CRH plc is a global building materials company that supplies products and solutions used in residential, commercial and infrastructure construction. Its activities include the production and distribution of aggregates, asphalt, ready-mixed concrete, cement and other construction materials, as well as value-added products such as precast concrete, architectural products and site-development solutions.

The company serves customers across North America and Europe, including contractors, construction companies, infrastructure developers, distributors and public-sector organizations.