Crh Plc (CRH) Shares Bought by GMT Capital Corp
GMT Capital Corp boosted its position in Crh Plc (NYSE:CRH) by 32.7% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 738,600 shares of the construction company’s stock after purchasing an additional 182,200 shares during the period. GMT Capital Corp owned approximately 0.09% of CRH worth $26,110,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Signaturefd LLC acquired a new stake in shares of CRH during the 1st quarter valued at $142,000. Checchi Capital Advisers LLC acquired a new stake in shares of CRH during the 2nd quarter valued at $202,000. Atria Investments LLC acquired a new stake in shares of CRH during the 2nd quarter valued at $220,000. M&T Bank Corp acquired a new stake in shares of CRH during the 1st quarter valued at $217,000. Finally, Raymond James Trust N.A. lifted its position in shares of CRH by 23.6% during the 2nd quarter. Raymond James Trust N.A. now owns 8,494 shares of the construction company’s stock valued at $300,000 after acquiring an additional 1,624 shares during the last quarter. Hedge funds and other institutional investors own 4.60% of the company’s stock.
CRH opened at $31.80 on Monday. The company has a quick ratio of 0.93, a current ratio of 1.35 and a debt-to-equity ratio of 0.54. Crh Plc has a 12-month low of $31.38 and a 12-month high of $39.32. The firm has a market capitalization of $26.69 billion, a PE ratio of 12.72, a price-to-earnings-growth ratio of 1.86 and a beta of 0.91.
A number of brokerages have recently commented on CRH. JPMorgan Chase & Co. set a $37.00 price objective on CRH and gave the company a “buy” rating in a research report on Wednesday, May 23rd. Bank of America reiterated a “buy” rating on shares of CRH in a research report on Friday, August 31st. Finally, ValuEngine downgraded CRH from a “hold” rating to a “sell” rating in a research report on Thursday, August 2nd. One research analyst has rated the stock with a sell rating, one has issued a hold rating and seven have issued a buy rating to the company. CRH has an average rating of “Buy” and a consensus price target of $38.50.
CRH plc, through its subsidiaries, manufactures and distributes building materials. It operates through six segments: Europe Heavyside, Europe Lightside, Europe Distribution, Americas Materials, Americas Products, and Asia. The company manufactures and supplies cement, aggregates, asphalt, lime, and readymixed concrete and concrete products; and construction accessories, network access and perimeter protection products, shutters and awnings, and architectural products.
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