Advisors Asset Management Inc. Purchases 6,367 Shares of Crh Plc $CRH

Advisors Asset Management Inc. boosted its position in shares of Crh Plc (NYSE:CRH) by 7.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 88,421 shares of the construction company’s stock after purchasing an additional 6,367 shares during the period. Advisors Asset Management Inc.’s holdings in CRH were worth $10,602,000 as of its most recent SEC filing.

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

CRH Price Performance

Shares of NYSE CRH opened at $127.75 on Thursday. Crh Plc has a 1 year low of $76.75 and a 1 year high of $131.55. The stock has a market cap of $85.62 billion, a PE ratio of 25.45, a price-to-earnings-growth ratio of 1.89 and a beta of 1.33. The firm has a fifty day moving average price of $125.17 and a 200-day moving average price of $117.33.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on CRH. Royal Bank Of Canada cut their price objective on CRH from $152.00 to $150.00 and set an “outperform” rating on the stock in a report on Friday, November 7th. Citigroup boosted their price objective on CRH from $142.00 to $155.00 and gave the company a “buy” rating in a research report on Thursday, January 8th. Wells Fargo & Company cut their target price on shares of CRH from $138.00 to $133.00 and set an “equal weight” rating for the company in a research note on Thursday, January 29th. BNP Paribas Exane raised CRH to a “strong-buy” rating in a research note on Friday, January 23rd. Finally, Morgan Stanley raised their target price on shares of CRH from $131.00 to $140.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 10th. 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 stock. According to MarketBeat, CRH currently has an average rating of “Moderate Buy” and a consensus price target of $135.87.

CRH Profile

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.