Vanguard Group Inc. Buys 88,925 Shares of Crh Plc $CRH

Vanguard Group Inc. grew its stake in shares of Crh Plc (NYSE:CRH) by 0.1% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 64,493,991 shares of the construction company’s stock after purchasing an additional 88,925 shares during the quarter. Vanguard Group Inc. owned about 0.10% of CRH worth $7,732,830,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Creekmur Asset Management LLC acquired a new position in CRH during the second quarter worth $27,000. United Community Bank grew its position in shares of CRH by 359.6% in the 3rd quarter. United Community Bank now owns 239 shares of the construction company’s stock valued at $29,000 after acquiring an additional 187 shares during the period. Riggs Asset Managment Co. Inc. increased its stake in shares of CRH by 1,835.3% during the 2nd quarter. Riggs Asset Managment Co. Inc. now owns 329 shares of the construction company’s stock worth $30,000 after purchasing an additional 312 shares during the last quarter. Cornerstone Planning Group LLC raised its holdings in shares of 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 purchasing an additional 156 shares during the period. Finally, Salomon & Ludwin LLC acquired a new stake in CRH in the 3rd quarter valued at about $32,000. 62.50% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on CRH shares. Jefferies Financial Group reissued a “buy” rating on shares of CRH in a research report on Monday, December 1st. BNP Paribas Exane upgraded CRH to a “strong-buy” rating in a research note on Friday, January 23rd. Wells Fargo & Company reduced their price objective on shares of CRH from $138.00 to $133.00 and set an “equal weight” rating for the company in a research report on Thursday, January 29th. UBS Group increased their price objective on shares of CRH from $138.00 to $147.00 and gave the company a “buy” rating in a research report on Thursday, January 8th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of CRH in a research note on Monday, December 8th. Two analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, CRH presently has a consensus rating of “Moderate Buy” and a consensus price target of $135.87.

CRH Stock Performance

NYSE:CRH opened at $125.99 on Tuesday. Crh Plc has a 52 week low of $76.75 and a 52 week high of $131.55. The firm has a market cap of $84.44 billion, a price-to-earnings ratio of 25.10, a P/E/G ratio of 1.85 and a beta of 1.33. The firm’s 50-day simple moving average is $125.32 and its 200 day simple moving average is $118.06.

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.