Rhumbline Advisers Grows Holdings in Crh Plc $CRH

Rhumbline Advisers increased its position in shares of Crh Plc (NYSE:CRH) by 0.6% during the third quarter, Holdings Channel reports. The fund owned 705,303 shares of the construction company’s stock after acquiring an additional 4,380 shares during the quarter. Rhumbline Advisers’ holdings in CRH were worth $84,566,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of CRH. Creekmur Asset Management LLC acquired a new stake in shares of CRH during the second quarter worth $27,000. United Community Bank lifted its position in CRH by 359.6% during the third quarter. United Community Bank now owns 239 shares of the construction company’s stock worth $29,000 after buying an additional 187 shares during the period. Riggs Asset Managment Co. Inc. boosted its stake in CRH by 1,835.3% in the 2nd quarter. Riggs Asset Managment Co. Inc. now owns 329 shares of the construction company’s stock worth $30,000 after buying an additional 312 shares during the last quarter. Cornerstone Planning Group LLC grew its holdings in CRH by 139.3% in the 3rd quarter. Cornerstone Planning Group LLC now owns 268 shares of the construction company’s stock valued at $31,000 after buying an additional 156 shares during the period. Finally, Salomon & Ludwin LLC acquired a new position in shares of CRH during the 3rd quarter valued at about $32,000. 62.50% of the stock is currently owned by institutional investors and hedge funds.

CRH Trading Down 4.0%

NYSE CRH opened at $122.75 on Friday. The stock has a market cap of $82.27 billion, a P/E ratio of 24.45, a PEG ratio of 1.87 and a beta of 1.33. The company’s fifty day simple moving average is $125.21 and its 200-day simple moving average is $117.37. Crh Plc has a 52 week low of $76.75 and a 52 week high of $131.55.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on CRH shares. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of CRH in a report on Monday, December 8th. Weiss Ratings reissued a “buy (b-)” rating on shares of CRH in a research note on Monday, December 22nd. Jefferies Financial Group reaffirmed a “buy” rating on shares of CRH in a research report on Monday, December 1st. Longbow Research assumed coverage on CRH in a report on Tuesday, December 16th. They issued a “buy” rating and a $160.00 target price on the stock. Finally, DA Davidson upped their price target on CRH from $110.00 to $116.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 12th. Two 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’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $135.87.

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.