Crh Plc $CRH is Alphinity Investment Management Pty Ltd’s 4th Largest Position

Alphinity Investment Management Pty Ltd lowered its holdings in shares of Crh Plc (NYSE:CRH) by 19.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,200,399 shares of the construction company’s stock after selling 1,046,493 shares during the quarter. CRH accounts for about 4.9% of Alphinity Investment Management Pty Ltd’s portfolio, making the stock its 4th largest position. Alphinity Investment Management Pty Ltd owned about 0.62% of CRH worth $503,628,000 as of its most recent SEC filing.

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

CRH Stock Up 4.4%

Shares of CRH stock opened at $127.16 on Friday. Crh Plc has a 52-week low of $76.75 and a 52-week high of $131.55. The company’s 50 day moving average is $124.70 and its 200 day moving average is $116.70. The firm has a market cap of $85.23 billion, a price-to-earnings ratio of 25.33, a PEG ratio of 1.86 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, topping analysts’ consensus estimates 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 firm’s quarterly revenue was up 5.3% on a year-over-year basis. During the same period in the prior year, the business posted $1.97 EPS. Analysts anticipate that Crh Plc will post 5.47 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Morgan Stanley increased their price objective 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. Longbow Research started coverage on CRH in a report on Tuesday, December 16th. They set a “buy” rating and a $160.00 price objective for the company. Jefferies Financial Group reiterated a “buy” rating on shares of CRH in a research note on Monday, December 1st. DA Davidson upped their target price 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. Finally, UBS Group lifted their price target on shares of CRH from $138.00 to $147.00 and gave the company a “buy” rating in a research note on Thursday, January 8th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus 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.