StockNews.com Begins Coverage on CRH (NYSE:CRH)

Equities research analysts at StockNews.com began coverage on shares of CRH (NYSE:CRH – Get Rating) in a research report issued on Thursday. The brokerage set a “strong-buy” rating on the construction company’s stock.

CRH Trading Up 1.1 %

Shares of CRH opened at $49.68 on Thursday. The stock has a 50 day simple moving average of $49.16 and a two-hundred day simple moving average of $45.10. The company has a quick ratio of 1.19, a current ratio of 1.67 and a debt-to-equity ratio of 0.36. CRH has a 1 year low of $31.22 and a 1 year high of $52.20.

Institutional Trading of CRH

Several large investors have recently added to or reduced their stakes in CRH. Private Trust Co. NA lifted its position in CRH by 670.0% during the first quarter. Private Trust Co. NA now owns 539 shares of the construction company’s stock valued at $27,000 after buying an additional 469 shares during the period. Heritage Wealth Management LLC increased its holdings in CRH by 100.0% in the 4th quarter. Heritage Wealth Management LLC now owns 700 shares of the construction company’s stock worth $28,000 after buying an additional 350 shares in the last quarter. KB Financial Partners LLC bought a new stake in CRH in the 1st quarter worth about $30,000. Ronald Blue Trust Inc. increased its holdings in CRH by 116.1% in the 4th quarter. Ronald Blue Trust Inc. now owns 1,275 shares of the construction company’s stock worth $41,000 after buying an additional 685 shares in the last quarter. Finally, EverSource Wealth Advisors LLC increased its holdings in CRH by 53.6% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,029 shares of the construction company’s stock worth $41,000 after buying an additional 359 shares in the last quarter. Institutional investors own 5.51% of the company’s stock.

CRH Company Profile

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CRH Plc manufactures and distributes building materials and products for the construction industry. It operates business through the following segments: Americas Materials, Europe Materials, and Building Products. The Americas Materials segment provides asphalt paving services and produces materials such as cement, aggregates, ready mixed concrete, and asphalt.