California State Teachers Retirement System Sells 25,627 Shares of Crh Plc $CRH

California State Teachers Retirement System trimmed its holdings in Crh Plc (NYSE:CRH) by 3.2% in the first quarter, Holdings Channel reports. The institutional investor owned 776,790 shares of the construction company’s stock after selling 25,627 shares during the period. California State Teachers Retirement System’s holdings in CRH were worth $81,656,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the stock. Flagship Harbor Advisors LLC bought a new position in CRH during the 4th quarter worth $26,000. Riggs Asset Managment Co. Inc. lifted its position 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 valued at $30,000 after acquiring an additional 312 shares during the period. Bell Investment Advisors Inc grew its holdings in shares of CRH by 51.2% during the 1st quarter. Bell Investment Advisors Inc now owns 304 shares of the construction company’s stock worth $32,000 after purchasing an additional 103 shares in the last quarter. Kemnay Advisory Services Inc. acquired a new stake in shares of CRH during the 4th quarter worth $33,000. Finally, Elyxium Wealth LLC bought a new position in shares of CRH in the fourth quarter worth $37,000. 62.50% of the stock is currently owned by institutional investors.

CRH Price Performance

CRH stock opened at $99.67 on Thursday. The stock has a market cap of $66.60 billion, a price-to-earnings ratio of 18.46, a P/E/G ratio of 1.78 and a beta of 1.32. The company has a 50 day simple moving average of $105.46 and a 200 day simple moving average of $111.72. Crh Plc has a 1 year low of $93.58 and a 1 year high of $131.55.

CRH (NYSE:CRH) last posted its quarterly earnings data on Thursday, April 30th. The construction company reported ($0.20) EPS for the quarter, beating analysts’ consensus estimates of ($0.22) by $0.02. CRH had a net margin of 9.65% and a return on equity of 15.37%. The company had revenue of $7.37 billion for the quarter, compared to analyst estimates of $7.07 billion. CRH’s quarterly revenue was up 9.1% on a year-over-year basis. On average, equities research analysts anticipate that Crh Plc will post 5.96 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on CRH shares. Wells Fargo & Company cut their price objective on shares of CRH from $135.00 to $132.00 and set an “overweight” rating for the company in a research report on Wednesday, July 8th. Sanford C. Bernstein restated an “outperform” rating on shares of CRH in a research report on Tuesday, June 23rd. Morgan Stanley reaffirmed an “overweight” rating and set a $139.00 price target on shares of CRH in a report on Wednesday, April 15th. Jefferies Financial Group increased their price target on shares of CRH from $149.00 to $165.60 and gave the stock a “buy” rating in a research report on Friday, June 26th. Finally, Weiss Ratings cut shares of CRH from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, June 18th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, CRH has an average rating of “Buy” and a consensus price target of $141.19.

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.