Aberdeen Group plc Grows Position in Crh Plc $CRH

Aberdeen Group plc boosted its holdings in shares of Crh Plc (NYSE:CRH) by 179.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 307,221 shares of the construction company’s stock after acquiring an additional 197,287 shares during the period. Aberdeen Group plc’s holdings in CRH were worth $36,665,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of CRH. Creekmur Asset Management LLC purchased a new position in CRH during the second quarter valued at approximately $27,000. United Community Bank lifted its holdings in CRH by 359.6% during the third 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 period. Riggs Asset Managment Co. Inc. boosted its position in CRH by 1,835.3% during the 2nd quarter. Riggs Asset Managment Co. Inc. now owns 329 shares of the construction company’s stock valued at $30,000 after acquiring an additional 312 shares in the last quarter. Cornerstone Planning Group LLC increased its holdings in shares of CRH by 139.3% in the 3rd quarter. Cornerstone Planning Group LLC now owns 268 shares of the construction company’s stock valued at $31,000 after acquiring an additional 156 shares during the period. Finally, Salomon & Ludwin LLC bought a new position in shares of CRH in the 3rd quarter worth $32,000. Institutional investors own 62.50% of the company’s stock.

CRH Trading Up 2.6%

NYSE:CRH opened at $125.99 on Tuesday. The company has a market capitalization of $84.44 billion, a P/E ratio of 25.10, a PEG ratio of 1.85 and a beta of 1.33. Crh Plc has a 12 month low of $76.75 and a 12 month high of $131.55. The firm has a fifty day simple moving average of $125.32 and a 200-day simple moving average of $118.06.

Wall Street Analyst Weigh In

CRH has been the topic of a number of recent research reports. BNP Paribas Exane raised CRH to a “strong-buy” rating in a research report on Friday, January 23rd. Citigroup raised their price target on shares of CRH from $142.00 to $155.00 and gave the company a “buy” rating in a report on Thursday, January 8th. Jefferies Financial Group reiterated a “buy” rating on shares of CRH in a research note on Monday, December 1st. JPMorgan Chase & Co. raised their target price on shares of CRH from $130.00 to $135.00 and gave the company an “overweight” rating in a research note on Tuesday, November 11th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of CRH in a report on Monday, December 22nd. Two research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and three have given a Hold rating to the company. According to data from 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.