Oppenheimer Asset Management Inc. reduced its position in CRH plc (NYSE:CRH – Free Report) by 40.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 18,169 shares of the construction company’s stock after selling 12,498 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in CRH were worth $924,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. CWM LLC raised its holdings in shares of CRH by 18.9% in the 1st quarter. CWM LLC now owns 1,538 shares of the construction company’s stock worth $78,000 after purchasing an additional 244 shares during the period. Cerity Partners LLC raised its holdings in CRH by 2.8% in the fourth quarter. Cerity Partners LLC now owns 9,905 shares of the construction company’s stock valued at $394,000 after buying an additional 266 shares during the period. Signaturefd LLC lifted its position in CRH by 2.9% during the first quarter. Signaturefd LLC now owns 9,816 shares of the construction company’s stock valued at $499,000 after buying an additional 276 shares in the last quarter. Parallel Advisors LLC grew its stake in CRH by 19.0% during the first quarter. Parallel Advisors LLC now owns 1,881 shares of the construction company’s stock worth $96,000 after buying an additional 300 shares during the period. Finally, Heritage Wealth Management LLC increased its position in shares of CRH by 100.0% in the fourth quarter. Heritage Wealth Management LLC now owns 700 shares of the construction company’s stock worth $28,000 after acquiring an additional 350 shares in the last quarter. Institutional investors and hedge funds own 6.03% of the company’s stock.
Analyst Upgrades and Downgrades
Several analysts recently issued reports on the company. StockNews.com assumed coverage on CRH in a report on Thursday, August 17th. They issued a “buy” rating for the company. Redburn Partners started coverage on shares of CRH in a research note on Thursday, June 15th. They set a “buy” rating and a $6.50 price objective on the stock.
CRH Trading Up 0.8 %
Shares of NYSE:CRH opened at $57.30 on Friday. The company has a fifty day simple moving average of $56.93 and a 200 day simple moving average of $51.77. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.19 and a current ratio of 1.67. CRH plc has a 12-month low of $31.22 and a 12-month high of $60.72.
CRH Company Profile
CRH plc, through its subsidiaries, manufactures and distributes building materials in Ireland and internationally. It operates through 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; It also offers precast concrete and polymer-based products, such as underground vaults, drainage pipes and structures, utility enclosures, and modular precast structures to the water, energy, communication, transportation, and building structures markets; and construction accessories, such as engineered anchoring, fixing, and connection solutions, as well as lifting systems, formwork accessories, and other accessories used in construction applications.
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