Bessemer Group Inc. Has $441.84 Million Holdings in Crh Plc $CRH

Bessemer Group Inc. grew its stake in Crh Plc (NYSE:CRH) by 0.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,685,092 shares of the construction company’s stock after acquiring an additional 7,250 shares during the period. CRH accounts for about 0.7% of Bessemer Group Inc.’s investment portfolio, making the stock its 29th biggest position. Bessemer Group Inc. owned approximately 0.55% of CRH worth $441,841,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of CRH. L2 Asset Management LLC raised its position in CRH by 3.0% in the 2nd quarter. L2 Asset Management LLC now owns 3,028 shares of the construction company’s stock worth $278,000 after purchasing an additional 89 shares during the last quarter. UMB Bank n.a. increased its stake in shares of CRH by 34.8% in the 3rd quarter. UMB Bank n.a. now owns 356 shares of the construction company’s stock valued at $43,000 after buying an additional 92 shares during the period. Mission Wealth Management LP raised its position in shares of CRH by 1.1% during the second quarter. Mission Wealth Management LP now owns 9,548 shares of the construction company’s stock worth $877,000 after acquiring an additional 107 shares during the last quarter. Sound View Wealth Advisors Group LLC lifted its stake in shares of CRH by 3.7% during the second quarter. Sound View Wealth Advisors Group LLC now owns 2,982 shares of the construction company’s stock valued at $274,000 after acquiring an additional 107 shares during the period. Finally, Physician Wealth Advisors Inc. boosted its holdings in CRH by 60.6% in the third quarter. Physician Wealth Advisors Inc. now owns 350 shares of the construction company’s stock valued at $42,000 after acquiring an additional 132 shares during the last quarter. 62.50% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on CRH shares. Barclays boosted their price objective on CRH from $110.00 to $131.00 and gave the stock an “overweight” rating in a report on Monday, October 20th. JPMorgan Chase & Co. boosted their price target on shares of CRH from $130.00 to $135.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 11th. Royal Bank Of Canada cut their price objective on shares of CRH from $152.00 to $150.00 and set an “outperform” rating on the stock in a report on Friday, November 7th. Wells Fargo & Company lowered 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. Finally, Deutsche Bank Aktiengesellschaft reissued 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 given a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, CRH currently has an average rating of “Moderate Buy” and a consensus price target of $135.87.

CRH Stock Performance

Shares of NYSE:CRH opened at $123.08 on Thursday. The company has a 50 day moving average price of $124.52 and a two-hundred day moving average price of $116.29. The company has a market capitalization of $82.50 billion, a PE ratio of 24.52, a PEG ratio of 1.79 and a beta of 1.33. Crh Plc has a 52 week low of $76.75 and a 52 week high of $131.55.

CRH (NYSE:CRH) last announced its quarterly 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 company had revenue of $11.07 billion during the quarter, compared to analyst estimates of $10.15 billion. During the same quarter in the previous year, the business earned $1.97 EPS. The firm’s revenue was up 5.3% on a year-over-year basis. On average, sell-side analysts forecast that Crh Plc will post 5.47 earnings per share for the current year.

About CRH

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.