Triglav Investments D.O.O. Buys New Shares in Crh Plc $CRH

Triglav Investments D.O.O. purchased a new position in shares of Crh Plc (NYSE:CRH) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 10,000 shares of the construction company’s stock, valued at approximately $1,199,000.

Other hedge funds also recently made changes to their positions in the company. United Community Bank increased its holdings in shares of CRH by 359.6% during the 3rd quarter. United Community Bank now owns 239 shares of the construction company’s stock worth $29,000 after buying an additional 187 shares during the last quarter. Salomon & Ludwin LLC purchased a new stake in CRH during the third quarter valued at about $32,000. Cornerstone Planning Group LLC increased its stake in CRH by 139.3% during the third quarter. Cornerstone Planning Group LLC now owns 268 shares of the construction company’s stock worth $31,000 after acquiring an additional 156 shares during the last quarter. Creekmur Asset Management LLC purchased a new position in shares of CRH in the 2nd quarter worth about $27,000. Finally, Riggs Asset Managment Co. Inc. lifted its stake in shares of CRH by 1,835.3% in the 2nd quarter. Riggs Asset Managment Co. Inc. now owns 329 shares of the construction company’s stock valued at $30,000 after purchasing an additional 312 shares in the last quarter. Institutional investors and hedge funds own 62.50% of the company’s stock.

CRH Stock Performance

Shares of NYSE CRH opened at $123.08 on Thursday. Crh Plc has a 1 year low of $76.75 and a 1 year high of $131.55. The stock’s 50-day simple moving average is $124.52 and its 200-day simple moving average is $116.29. The firm has a market cap of $82.50 billion, a price-to-earnings ratio of 24.52, a PEG ratio of 1.79 and a beta of 1.33.

CRH (NYSE:CRH) last issued its quarterly earnings data on Wednesday, November 5th. The construction company reported $2.21 earnings per share for the quarter, beating analysts’ consensus estimates of $1.94 by $0.27. CRH had a return on equity of 16.25% and a net margin of 9.30%.The firm had revenue of $11.07 billion during the quarter, compared to analyst estimates of $10.15 billion. During the same quarter last year, the firm earned $1.97 EPS. CRH’s quarterly revenue was up 5.3% on a year-over-year basis. As a group, research analysts predict that Crh Plc will post 5.47 EPS for the current year.

Wall Street Analysts Forecast Growth

CRH has been the subject of a number of research analyst reports. Exane BNP Paribas raised shares of CRH to a “strong-buy” rating in a research report on Friday, January 23rd. Longbow Research started coverage on shares of CRH in a research report on Tuesday, December 16th. They issued a “buy” rating and a $160.00 price objective for the company. DA Davidson lifted their target price on shares of CRH from $110.00 to $116.00 and gave the company a “neutral” rating in a report on Wednesday, November 12th. Morgan Stanley upped their price target on shares of CRH from $131.00 to $140.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 10th. Finally, Jefferies Financial Group reiterated a “buy” rating on shares of CRH in a report on Monday, December 1st. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price 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.