Comerica Bank Has $2.50 Million Stock Holdings in CRH plc (NYSE:CRH)

Comerica Bank boosted its stake in shares of CRH plc (NYSE:CRH) by 0.8% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 48,984 shares of the construction company’s stock after buying an additional 405 shares during the period. Comerica Bank’s holdings in CRH were worth $2,504,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. JPMorgan Chase & Co. raised its holdings in CRH by 148.2% during the 2nd quarter. JPMorgan Chase & Co. now owns 431,905 shares of the construction company’s stock worth $21,958,000 after buying an additional 257,914 shares during the period. Morgan Stanley raised its holdings in CRH by 60.1% during the 1st quarter. Morgan Stanley now owns 630,872 shares of the construction company’s stock worth $29,638,000 after buying an additional 236,856 shares during the period. Toronto Dominion Bank acquired a new stake in CRH during the 2nd quarter worth approximately $381,000. Rockefeller Capital Management L.P. raised its holdings in CRH by 32.3% during the 2nd quarter. Rockefeller Capital Management L.P. now owns 70,250 shares of the construction company’s stock worth $3,571,000 after buying an additional 17,153 shares during the period. Finally, FDx Advisors Inc. raised its holdings in CRH by 27.2% during the 2nd quarter. FDx Advisors Inc. now owns 35,163 shares of the construction company’s stock worth $1,788,000 after buying an additional 7,517 shares during the period. Hedge funds and other institutional investors own 4.38% of the company’s stock.

NYSE:CRH opened at $51.11 on Thursday. CRH plc has a 1-year low of $39.08 and a 1-year high of $53.99. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.88 and a quick ratio of 1.47. The firm has a fifty day simple moving average of $48.66 and a 200 day simple moving average of $50.28.

The company also recently announced a dividend, which was paid on Friday, September 10th. Investors of record on Friday, September 10th were paid a $0.23 dividend. The ex-dividend date was Thursday, September 9th.

CRH has been the topic of several research analyst reports. Berenberg Bank restated a “buy” rating on shares of CRH in a report on Wednesday. Barclays reiterated an “underweight” rating on shares of CRH in a report on Friday, August 27th. UBS Group reiterated a “buy” rating on shares of CRH in a report on Wednesday. Credit Suisse Group reiterated an “outperform” rating on shares of CRH in a report on Wednesday, August 18th. Finally, JPMorgan Chase & Co. reiterated an “overweight” rating on shares of CRH in a report on Wednesday. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, CRH presently has an average rating of “Hold” and an average price target of $28.39.

About CRH

CRH Plc manufactures and distributes building materials and products for the construction industry. It operates business through the following segments: Europe Heavyside, Lightside, and Distribution; Americas Materials and Products and Asia. The Europe Heavyside and Americas Materials segments produce and sell primary materials, including cement, aggregates, ready mixed concrete, asphalt, agricultural and chemical lime.

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Institutional Ownership by Quarter for CRH (NYSE:CRH)

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