Crh Plc $CRH Shares Bought by Bank of Montreal Can

Bank of Montreal Can raised its holdings in Crh Plc (NYSE:CRH) by 151.1% during the 2nd quarter, Holdings Channel reports. The firm owned 1,063,066 shares of the construction company’s stock after buying an additional 639,625 shares during the quarter. Bank of Montreal Can’s holdings in CRH were worth $97,589,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of CRH. Ninety One UK Ltd lifted its position in shares of CRH by 13.1% in the second quarter. Ninety One UK Ltd now owns 3,143,490 shares of the construction company’s stock valued at $288,572,000 after acquiring an additional 364,319 shares in the last quarter. GSA Capital Partners LLP purchased a new position in CRH during the first quarter worth approximately $744,000. Hsbc Holdings PLC lifted its position in CRH by 100.2% during the first quarter. Hsbc Holdings PLC now owns 452,776 shares of the construction company’s stock worth $39,318,000 after buying an additional 226,602 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its position in CRH by 43.2% during the first quarter. Massachusetts Financial Services Co. MA now owns 10,303,788 shares of the construction company’s stock worth $906,424,000 after buying an additional 3,108,416 shares in the last quarter. Finally, National Pension Service lifted its position in CRH by 8.6% during the first quarter. National Pension Service now owns 2,154,053 shares of the construction company’s stock worth $189,492,000 after buying an additional 170,702 shares in the last quarter. 62.50% of the stock is owned by institutional investors and hedge funds.

CRH Stock Down 0.8%

NYSE:CRH opened at $117.49 on Wednesday. Crh Plc has a 52 week low of $76.75 and a 52 week high of $121.99. The company has a market capitalization of $79.03 billion, a P/E ratio of 24.58, a P/E/G ratio of 1.68 and a beta of 1.32. The stock’s fifty day moving average is $115.68 and its two-hundred day moving average is $103.23.

CRH (NYSE:CRH) last posted its earnings results on Wednesday, August 6th. The construction company reported $1.94 EPS for the quarter, missing analysts’ consensus estimates of $2.06 by ($0.12). CRH had a net margin of 9.09% and a return on equity of 15.68%. The business had revenue of $10.21 billion during the quarter, compared to analysts’ expectations of $10.27 billion. During the same quarter in the prior year, the firm earned $1.88 EPS. CRH’s revenue for the quarter was up 5.7% compared to the same quarter last year. Sell-side analysts anticipate that Crh Plc will post 5.47 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Truist Financial lifted their price objective on CRH from $125.00 to $140.00 and gave the stock a “buy” rating in a research report on Thursday, October 2nd. Barclays lifted their price objective on CRH from $110.00 to $131.00 and gave the stock an “overweight” rating in a research report on Monday, October 20th. Sanford C. Bernstein lifted their price objective on CRH from $115.00 to $130.00 and gave the stock an “outperform” rating in a research report on Thursday, September 11th. Royal Bank Of Canada lifted their price objective on CRH from $112.00 to $152.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 1st. Finally, JPMorgan Chase & Co. assumed coverage on CRH in a research report on Friday, October 24th. They set an “overweight” rating on the stock. Four investment analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $127.71.

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.