Standard Family Office LLC decreased its position in CRH plc (NYSE:CRH) by 38.3% in the first quarter, Holdings Channel.com reports. The firm owned 1,425 shares of the construction company’s stock after selling 886 shares during the quarter. Standard Family Office LLC’s holdings in CRH were worth $67,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently bought and sold shares of CRH. Cutler Group LP bought a new position in CRH in the first quarter worth $30,000. JJJ Advisors Inc. grew its stake in shares of CRH by 38.6% in the first quarter. JJJ Advisors Inc. now owns 811 shares of the construction company’s stock worth $38,000 after acquiring an additional 226 shares during the last quarter. Steward Partners Investment Advisory LLC grew its stake in shares of CRH by 121.0% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,870 shares of the construction company’s stock worth $80,000 after acquiring an additional 1,024 shares during the last quarter. Personal CFO Solutions LLC purchased a new stake in shares of CRH in the fourth quarter worth $204,000. Finally, German American Bancorp Inc. purchased a new stake in shares of CRH in the first quarter worth $204,000. Institutional investors and hedge funds own 4.63% of the company’s stock.
CRH stock opened at $52.14 on Friday. CRH plc has a fifty-two week low of $32.49 and a fifty-two week high of $53.28. The firm has a 50-day moving average price of $49.73. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.59 and a current ratio of 2.01. The company has a market capitalization of $40.86 billion, a P/E ratio of 36.72 and a beta of 1.03.
A number of equities research analysts have recently commented on CRH shares. Credit Suisse Group reissued an “outperform” rating on shares of CRH in a research note on Friday, March 5th. Citigroup raised CRH from a “neutral” rating to a “buy” rating in a research note on Wednesday, May 12th. JPMorgan Chase & Co. reissued an “overweight” rating on shares of CRH in a research note on Thursday, April 29th. Zacks Investment Research cut CRH from a “buy” rating to a “hold” rating in a research report on Tuesday, May 4th. Finally, Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell raised CRH from a “neutral” rating to a “buy” rating in a research report on Wednesday, May 12th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and ten have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $21.03.
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, 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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