Scotia Capital Inc. Buys 5,320 Shares of Crh Plc (NYSE:CRH)

Scotia Capital Inc. raised its stake in Crh Plc (NYSE:CRH) by 8.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 67,941 shares of the construction company’s stock after buying an additional 5,320 shares during the quarter. Scotia Capital Inc.’s holdings in CRH were worth $5,977,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CRH. World Investment Advisors increased its stake in shares of CRH by 13.4% in the 4th quarter. World Investment Advisors now owns 2,558 shares of the construction company’s stock valued at $237,000 after acquiring an additional 302 shares during the last quarter. Prudential PLC grew its holdings in CRH by 9.8% during the fourth quarter. Prudential PLC now owns 17,009 shares of the construction company’s stock valued at $1,574,000 after purchasing an additional 1,525 shares during the period. Envestnet Asset Management Inc. increased its stake in CRH by 0.6% in the fourth quarter. Envestnet Asset Management Inc. now owns 1,063,540 shares of the construction company’s stock valued at $98,399,000 after purchasing an additional 6,734 shares in the last quarter. Aster Capital Management DIFC Ltd increased its stake in CRH by 569.9% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 3,162 shares of the construction company’s stock valued at $293,000 after purchasing an additional 2,690 shares in the last quarter. Finally, Cerity Partners LLC raised its holdings in CRH by 43.0% in the fourth quarter. Cerity Partners LLC now owns 169,248 shares of the construction company’s stock worth $15,667,000 after purchasing an additional 50,881 shares during the period. Institutional investors own 62.50% of the company’s stock.

CRH Stock Performance

Shares of NYSE CRH opened at $98.24 on Tuesday. The stock has a 50 day moving average price of $93.32 and a 200 day moving average price of $94.81. The stock has a market capitalization of $66.38 billion, a PE ratio of 20.81, a price-to-earnings-growth ratio of 1.23 and a beta of 1.26. Crh Plc has a 52 week low of $74.03 and a 52 week high of $110.97.

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

Analyst Ratings Changes

Several equities analysts have recently issued reports on CRH shares. Sanford C. Bernstein began coverage on shares of CRH in a report on Tuesday, May 13th. They issued an “outperform” rating and a $115.00 price target for the company. DA Davidson reissued a “neutral” rating and issued a $105.00 target price (down from $120.00) on shares of CRH in a research note on Thursday, July 10th. Morgan Stanley restated an “overweight” rating on shares of CRH in a report on Wednesday, May 7th. The Goldman Sachs Group reiterated a “neutral” rating on shares of CRH in a report on Tuesday, May 6th. Finally, Royal Bank Of Canada decreased their price objective on CRH from $127.00 to $108.00 and set an “outperform” rating for the company in a research report on Monday, April 14th. Two research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, CRH currently has an average rating of “Moderate Buy” and a consensus target price of $112.82.

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.