Crh Plc $CRH Position Lessened by 12th Street Asset Management Company LLC

12th Street Asset Management Company LLC lowered its holdings in Crh Plc (NYSE:CRH) by 1.7% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 334,446 shares of the construction company’s stock after selling 5,737 shares during the period. CRH comprises 6.8% of 12th Street Asset Management Company LLC’s portfolio, making the stock its 3rd largest position. 12th Street Asset Management Company LLC’s holdings in CRH were worth $40,100,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. L2 Asset Management LLC grew its position in shares of CRH by 3.0% during the 2nd quarter. L2 Asset Management LLC now owns 3,028 shares of the construction company’s stock valued at $278,000 after buying an additional 89 shares during the last quarter. UMB Bank n.a. boosted its stake in CRH by 34.8% in 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 period. Mission Wealth Management LP grew its holdings in shares of CRH by 1.1% during the second 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 grew its holdings in shares of CRH by 3.7% during the second quarter. Sound View Wealth Advisors Group LLC now owns 2,982 shares of the construction company’s stock valued at $274,000 after purchasing an additional 107 shares during the last quarter. Finally, Physician Wealth Advisors Inc. raised its position in shares of CRH by 60.6% during 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 during the period. 62.50% of the stock is currently owned by hedge funds and other institutional investors.

CRH Stock Performance

Shares of CRH stock opened at $122.75 on Friday. Crh Plc has a 1 year low of $76.75 and a 1 year high of $131.55. The business’s fifty day moving average is $125.21 and its 200-day moving average is $117.37. The stock has a market cap of $82.27 billion, a PE ratio of 24.45, a price-to-earnings-growth ratio of 1.87 and a beta of 1.33.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on CRH shares. BNP Paribas Exane upgraded CRH to a “strong-buy” rating in a research report on Friday, January 23rd. Wells Fargo & Company cut their target price on CRH from $138.00 to $133.00 and set an “equal weight” rating on the stock in a research note on Thursday, January 29th. Longbow Research began coverage on shares of CRH in a research report on Tuesday, December 16th. They set a “buy” rating and a $160.00 price target for the company. Morgan Stanley lifted their price objective on shares of CRH from $131.00 to $140.00 and gave the company an “overweight” rating in a research report on Wednesday, December 10th. Finally, Jefferies Financial Group reissued a “buy” rating on shares of CRH in a research note on Monday, December 1st. Two research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average 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.