CRH plc (NYSE:CRH) Shares Bought by Citigroup Inc.

Citigroup Inc. lifted its holdings in shares of CRH plc (NYSE:CRH) by 185.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 146,262 shares of the construction company’s stock after buying an additional 94,971 shares during the period. Citigroup Inc.’s holdings in CRH were worth $7,440,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Boston Partners boosted its position in CRH by 6.4% during the 4th quarter. Boston Partners now owns 7,950,338 shares of the construction company’s stock worth $319,532,000 after acquiring an additional 475,402 shares during the period. Dimensional Fund Advisors LP lifted its holdings in CRH by 3.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 4,424,551 shares of the construction company’s stock worth $176,054,000 after purchasing an additional 159,400 shares during the period. Morgan Stanley grew its position in CRH by 7.1% in the 4th quarter. Morgan Stanley now owns 2,279,433 shares of the construction company’s stock valued at $90,699,000 after buying an additional 151,014 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in CRH by 8.6% during the 2nd quarter. Goldman Sachs Group Inc. now owns 1,107,024 shares of the construction company’s stock valued at $38,546,000 after buying an additional 87,855 shares during the period. Finally, Invesco Ltd. raised its position in shares of CRH by 5.7% during the 1st quarter. Invesco Ltd. now owns 881,505 shares of the construction company’s stock worth $35,313,000 after buying an additional 47,797 shares in the last quarter. 8.21% of the stock is owned by institutional investors.

CRH Trading Up 0.4 %

Shares of CRH opened at $57.57 on Friday. CRH plc has a 12-month low of $31.22 and a 12-month high of $60.72. The firm’s 50 day moving average is $57.27 and its 200-day moving average is $52.04. The company has a quick ratio of 0.96, a current ratio of 1.34 and a debt-to-equity ratio of 0.35.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the stock. StockNews.com upgraded shares of CRH from a “buy” rating to a “strong-buy” rating in a research note on Monday. Redburn Partners began coverage on CRH in a research note on Thursday, June 15th. They issued a “buy” rating and a $6.50 price objective on the stock.

About CRH

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.