Crh Plc (NYSE:CRH) Shares Bought by US Bancorp DE

US Bancorp DE grew its holdings in shares of Crh Plc (NYSE:CRH) by 1.7% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 84,948 shares of the construction company’s stock after purchasing an additional 1,384 shares during the period. US Bancorp DE’s holdings in CRH were worth $7,473,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Brentview Investment Management LLC increased its holdings in shares of CRH by 5.3% in the 1st quarter. Brentview Investment Management LLC now owns 45,846 shares of the construction company’s stock worth $4,033,000 after acquiring an additional 2,295 shares during the period. Natixis Advisors LLC increased its holdings in shares of CRH by 87.9% in the 1st quarter. Natixis Advisors LLC now owns 521,233 shares of the construction company’s stock worth $45,853,000 after acquiring an additional 243,802 shares during the period. Pacific Capital Partners Ltd acquired a new stake in shares of CRH in the 1st quarter worth about $6,598,000. Independence Financial Advisors LLC acquired a new stake in shares of CRH in the 1st quarter worth about $467,000. Finally, Brucke Financial Inc. increased its holdings in shares of CRH by 8.1% in the 1st quarter. Brucke Financial Inc. now owns 6,643 shares of the construction company’s stock worth $634,000 after acquiring an additional 500 shares during the period. 62.50% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

CRH has been the topic of a number of analyst reports. The Goldman Sachs Group reaffirmed a “neutral” rating on shares of CRH in a report on Tuesday, May 6th. Loop Capital initiated coverage on shares of CRH in a report on Wednesday, April 9th. They issued a “buy” rating and a $114.00 price objective on the stock. Royal Bank Of Canada dropped their price objective on shares of CRH from $127.00 to $108.00 and set an “outperform” rating on the stock in a report on Monday, April 14th. DA Davidson reiterated a “neutral” rating and issued a $105.00 target price (down previously from $120.00) on shares of CRH in a research report on Thursday, July 10th. Finally, Sanford C. Bernstein initiated coverage on shares of CRH in a research report on Tuesday, May 13th. They issued an “outperform” rating and a $115.00 target price for the company. Two equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $112.82.

CRH Stock Performance

CRH stock opened at $98.24 on Tuesday. The firm has a market cap of $66.38 billion, a price-to-earnings ratio of 20.81, a price-to-earnings-growth ratio of 1.23 and a beta of 1.26. Crh Plc has a 1 year low of $74.03 and a 1 year high of $110.97. The firm’s 50 day moving average price is $93.32 and its two-hundred day moving average price is $94.81.

CRH (NYSE:CRH) last issued its earnings results on Monday, May 5th. The construction company reported ($0.12) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.06). The company had revenue of $6.76 billion during the quarter, compared to analyst estimates of $6.77 billion. CRH had a return on equity of 15.88% and a net margin of 9.17%. As a group, equities analysts predict that Crh Plc will post 5.47 EPS for the current fiscal year.

CRH Company Profile

CRH plc, together with its subsidiaries, provides building materials solutions in Ireland and internationally. It operates through four segments: Americas Materials Solutions, Americas Building Solutions, Europe Materials Solutions, and Europe Building Solutions. The company provides solutions for the construction and maintenance of public infrastructure and commercial and residential buildings; and produces and sells aggregates, cement, readymixed concrete, and asphalt, as well as provides paving and construction services.