Caprock Group LLC Takes Position in Crh Plc $CRH

Caprock Group LLC bought a new stake in Crh Plc (NYSE:CRH) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 19,500 shares of the construction company’s stock, valued at approximately $2,210,000.

Other large investors have also recently added to or reduced their stakes in the company. ING Groep NV grew its holdings in shares of CRH by 111.1% during the 3rd quarter. ING Groep NV now owns 551,400 shares of the construction company’s stock worth $66,113,000 after purchasing an additional 290,200 shares in the last quarter. Rhumbline Advisers boosted its stake in CRH by 0.6% during the third quarter. Rhumbline Advisers now owns 705,303 shares of the construction company’s stock worth $84,566,000 after buying an additional 4,380 shares in the last quarter. Impax Asset Management Group plc bought a new stake in CRH in the 3rd quarter valued at $1,623,000. Krilogy Financial LLC raised its stake in shares of CRH by 37.8% in the 3rd quarter. Krilogy Financial LLC now owns 21,262 shares of the construction company’s stock valued at $2,459,000 after buying an additional 5,835 shares in the last quarter. Finally, Advisors Asset Management Inc. lifted its holdings in shares of CRH by 7.8% during the 3rd quarter. Advisors Asset Management Inc. now owns 88,421 shares of the construction company’s stock worth $10,602,000 after acquiring an additional 6,367 shares during the period. Institutional investors and hedge funds own 62.50% of the company’s stock.

CRH Stock Up 2.6%

CRH stock opened at $125.99 on Friday. The stock has a 50-day simple moving average of $125.33 and a 200 day simple moving average of $117.56. The stock has a market capitalization of $84.44 billion, a price-to-earnings ratio of 25.10, a P/E/G ratio of 1.80 and a beta of 1.33. Crh Plc has a 12-month low of $76.75 and a 12-month high of $131.55.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on CRH shares. Barclays increased their price target on shares of CRH from $110.00 to $131.00 and gave the stock an “overweight” rating in a research report on Monday, October 20th. JPMorgan Chase & Co. raised their target price on CRH from $130.00 to $135.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 11th. BNP Paribas Exane upgraded CRH to a “strong-buy” rating in a research report on Friday, January 23rd. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of CRH in a report on Monday, December 8th. Finally, DA Davidson boosted their target price on shares of CRH from $110.00 to $116.00 and gave the company a “neutral” rating in a research note on Wednesday, November 12th. Two research 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 stock. Based on data from MarketBeat.com, CRH has an average rating of “Moderate Buy” and an average price target of $135.87.

CRH Company 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.