Azzad Asset Management Inc. ADV Buys 7,257 Shares of Crh Plc $CRH

Azzad Asset Management Inc. ADV grew its stake in shares of Crh Plc (NYSE:CRH) by 107.3% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 14,021 shares of the construction company’s stock after purchasing an additional 7,257 shares during the quarter. Azzad Asset Management Inc. ADV’s holdings in CRH were worth $1,681,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. NewEdge Advisors LLC boosted its position in CRH by 158.5% during the 1st quarter. NewEdge Advisors LLC now owns 8,670 shares of the construction company’s stock valued at $763,000 after buying an additional 5,316 shares during the period. Empowered Funds LLC raised its stake in shares of CRH by 5.3% during the first quarter. Empowered Funds LLC now owns 13,178 shares of the construction company’s stock valued at $1,159,000 after acquiring an additional 658 shares during the last quarter. Sivia Capital Partners LLC boosted its holdings in shares of CRH by 58.5% during the second quarter. Sivia Capital Partners LLC now owns 4,279 shares of the construction company’s stock worth $393,000 after purchasing an additional 1,579 shares during the period. Callan Family Office LLC boosted its holdings in shares of CRH by 153.5% during the second quarter. Callan Family Office LLC now owns 7,794 shares of the construction company’s stock worth $715,000 after purchasing an additional 4,720 shares during the period. Finally, Aberdeen Group plc grew its stake in shares of CRH by 48.9% in the second quarter. Aberdeen Group plc now owns 109,934 shares of the construction company’s stock worth $10,134,000 after purchasing an additional 36,105 shares during the last quarter. 62.50% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have weighed in on CRH. Longbow Research began coverage on CRH in a report on Tuesday, December 16th. They issued a “buy” rating and a $160.00 price objective for the company. Morgan Stanley upped their target price on CRH from $131.00 to $140.00 and gave the company an “overweight” rating in a report on Wednesday, December 10th. Royal Bank Of Canada cut their price target on shares of CRH from $152.00 to $150.00 and set an “outperform” rating on the stock in a report on Friday, November 7th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of CRH in a report on Monday, December 8th. Finally, Jefferies Financial Group reissued a “buy” rating on shares of CRH in a research report on Monday, December 1st. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $135.87.

CRH Stock Performance

Shares of CRH opened at $127.16 on Monday. Crh Plc has a fifty-two week low of $76.75 and a fifty-two week high of $131.55. The firm’s 50-day simple moving average is $124.70 and its two-hundred day simple moving average is $116.84. The stock has a market cap of $85.23 billion, a PE ratio of 25.33, a price-to-earnings-growth ratio of 1.86 and a beta of 1.33.

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.