Crh Plc $CRH Shares Purchased by Savant Capital LLC

Savant Capital LLC increased its holdings in Crh Plc (NYSE:CRH) by 23.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 31,809 shares of the construction company’s stock after buying an additional 6,111 shares during the quarter. Savant Capital LLC’s holdings in CRH were worth $3,814,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of CRH. Vanguard Group Inc. increased its stake in shares of CRH by 1.0% in the second quarter. Vanguard Group Inc. now owns 64,405,066 shares of the construction company’s stock worth $5,912,385,000 after acquiring an additional 649,598 shares during the period. Massachusetts Financial Services Co. MA grew its position in CRH by 24.3% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 12,803,346 shares of the construction company’s stock worth $1,175,347,000 after purchasing an additional 2,499,558 shares during the period. Norges Bank purchased a new position in shares of CRH during the 2nd quarter valued at about $1,007,932,000. Bank of New York Mellon Corp lifted its holdings in shares of CRH by 6.6% in the 3rd quarter. Bank of New York Mellon Corp now owns 9,788,282 shares of the construction company’s stock valued at $1,173,615,000 after buying an additional 603,082 shares during the period. Finally, Boston Partners boosted its stake in shares of CRH by 9.4% in the second quarter. Boston Partners now owns 9,654,828 shares of the construction company’s stock worth $888,810,000 after buying an additional 832,027 shares during the last quarter. 62.50% of the stock is owned by hedge funds and other institutional investors.

CRH Stock Performance

NYSE:CRH opened at $127.16 on Friday. The stock has a market capitalization of $85.23 billion, a PE ratio of 25.33, a P/E/G ratio of 1.78 and a beta of 1.33. Crh Plc has a fifty-two week low of $76.75 and a fifty-two week high of $131.55. The company has a fifty day moving average of $124.70 and a two-hundred day moving average of $116.55.

CRH (NYSE:CRH) last announced its earnings results on Wednesday, November 5th. The construction company reported $2.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.94 by $0.27. CRH had a net margin of 9.30% and a return on equity of 16.25%. The business had revenue of $11.07 billion for the quarter, compared to analyst estimates of $10.15 billion. During the same quarter last year, the business earned $1.97 earnings per share. The company’s revenue for the quarter was up 5.3% compared to the same quarter last year. Research analysts forecast that Crh Plc will post 5.47 earnings per share for the current year.

Wall Street Analyst Weigh In

CRH has been the subject of several recent research reports. Morgan Stanley lifted their price target on CRH from $131.00 to $140.00 and gave the company an “overweight” rating in a research report on Wednesday, December 10th. Wells Fargo & Company cut their target price on shares of CRH from $138.00 to $133.00 and set an “equal weight” rating for the company in a report on Thursday, January 29th. Jefferies Financial Group reiterated a “buy” rating on shares of CRH in a research note on Monday, December 1st. Longbow Research began coverage on shares of CRH in a research report on Tuesday, December 16th. They set a “buy” rating and a $160.00 price target on the stock. Finally, Barclays upped their price objective 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. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price 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.