ABN AMRO Bank N.V. Boosts Stock Holdings in Crh Plc $CRH

ABN AMRO Bank N.V. lifted its holdings in Crh Plc (NYSE:CRH) by 22.0% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 719,926 shares of the construction company’s stock after purchasing an additional 129,967 shares during the period. ABN AMRO Bank N.V. owned about 0.11% of CRH worth $85,609,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. L2 Asset Management LLC raised its stake in CRH by 3.0% in the second quarter. L2 Asset Management LLC now owns 3,028 shares of the construction company’s stock worth $278,000 after buying an additional 89 shares in the last quarter. UMB Bank n.a. increased its holdings in shares of CRH by 34.8% in the 3rd quarter. UMB Bank n.a. now owns 356 shares of the construction company’s stock valued at $43,000 after acquiring an additional 92 shares during the period. Mission Wealth Management LP raised its position in shares of CRH by 1.1% in the 2nd quarter. Mission Wealth Management LP now owns 9,548 shares of the construction company’s stock worth $877,000 after acquiring an additional 107 shares in the last quarter. Sound View Wealth Advisors Group LLC lifted its stake in shares of CRH by 3.7% during the 2nd quarter. Sound View Wealth Advisors Group LLC now owns 2,982 shares of the construction company’s stock worth $274,000 after purchasing an additional 107 shares during the last quarter. Finally, Physician Wealth Advisors Inc. boosted its position in CRH by 60.6% during the third quarter. Physician Wealth Advisors Inc. now owns 350 shares of the construction company’s stock valued at $42,000 after purchasing an additional 132 shares in the last quarter. 62.50% of the stock is currently owned by institutional investors.

CRH Stock Performance

Shares of CRH opened at $123.08 on Thursday. The stock has a 50-day moving average of $124.52 and a two-hundred day moving average of $116.29. The stock has a market cap of $82.50 billion, a P/E ratio of 24.52, a P/E/G ratio of 1.79 and a beta of 1.33. Crh Plc has a one year low of $76.75 and a one year high of $131.55.

CRH (NYSE:CRH) last announced its quarterly earnings data on Wednesday, November 5th. The construction company reported $2.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.94 by $0.27. The firm had revenue of $11.07 billion during the quarter, compared to analysts’ expectations of $10.15 billion. CRH had a return on equity of 16.25% and a net margin of 9.30%.The company’s revenue for the quarter was up 5.3% compared to the same quarter last year. During the same period last year, the business posted $1.97 earnings per share. Analysts predict that Crh Plc will post 5.47 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Weiss Ratings reiterated a “buy (b-)” rating on shares of CRH in a report on Monday, December 22nd. DA Davidson boosted their price objective on shares of CRH from $110.00 to $116.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 12th. Exane BNP Paribas upgraded shares of CRH to a “strong-buy” rating in a research note on Friday, January 23rd. UBS Group upped their price target on CRH from $138.00 to $147.00 and gave the stock a “buy” rating in a research report on Thursday, January 8th. Finally, Barclays raised their price objective on CRH from $110.00 to $131.00 and gave the stock an “overweight” rating in a research report on Monday, October 20th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $135.87.

About CRH

CRH plc, originally formed as Cement Roadstone Holdings in 1970 and headquartered in Dublin, Ireland, is a global building materials group. The company has grown from its Irish roots into one of the largest international suppliers of construction materials, expanding primarily through acquisitions and regional business development. CRH operates an integrated network of manufacturing and distribution businesses that serve both public and private construction markets.

CRH’s core activities include the production and distribution of aggregates, cement, asphalt, ready-mixed concrete and other bulk materials, together with a broad range of value-added building products such as precast concrete, masonry, bricks, roofing products, pipe and drainage systems, and construction accessories.