Crh Plc $CRH Stock Position Boosted by Stockman Wealth Management Inc.

Stockman Wealth Management Inc. boosted its position in shares of Crh Plc (NYSE:CRH) by 11.3% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 146,606 shares of the construction company’s stock after purchasing an additional 14,882 shares during the period. Stockman Wealth Management Inc.’s holdings in CRH were worth $12,139,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Continuum Advisory LLC bought a new stake in shares of CRH during the second quarter valued at approximately $29,000. Cedar Mountain Advisors LLC bought a new stake in CRH in the 1st quarter worth approximately $38,000. Anchor Investment Management LLC purchased a new stake in CRH during the 2nd quarter valued at $40,000. Physician Wealth Advisors Inc. raised its stake in CRH by 42.3% during the 3rd quarter. Physician Wealth Advisors Inc. now owns 582 shares of the construction company’s stock valued at $48,000 after buying an additional 173 shares during the last quarter. Finally, Eastern Bank raised its stake in CRH by 36.5% during the 2nd quarter. Eastern Bank now owns 550 shares of the construction company’s stock valued at $59,000 after buying an additional 147 shares during the last quarter. 62.50% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

CRH has been the topic of several research analyst reports. Royal Bank Of Canada dropped their price target on CRH from $165.00 to $135.00 and set an “outperform” rating on the stock in a research note on Friday, October 9th. Truist Financial reduced their price objective on CRH from $130.00 to $105.00 and set a “buy” rating for the company in a research report on Monday, October 5th. Berenberg Bank set a $140.00 target price on CRH in a report on Tuesday, September 8th. UBS Group lowered their target price on CRH from $147.00 to $135.00 and set a “buy” rating on the stock in a report on Tuesday, September 22nd. Finally, DA Davidson started coverage on CRH in a research report on Monday, August 24th. They issued a “buy” rating and a $137.00 target price on the stock. One analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $126.50.

CRH Price Performance

Shares of CRH stock opened at $86.49 on Thursday. Crh Plc has a 1 year low of $78.62 and a 1 year high of $131.55. The firm has a fifty day moving average price of $87.32 and a 200-day moving average price of $104.64. The company has a market cap of $57.54 billion, a price-to-earnings ratio of 15.25, a PEG ratio of 1.54 and a beta of 1.31.

CRH (NYSE:CRH) last announced its earnings results on Friday, July 31st. The construction company reported $2.21 EPS for the quarter, topping analysts’ consensus estimates of $2.02 by $0.19. The company had revenue of $10.78 billion for the quarter, compared to analysts’ expectations of $10.68 billion. CRH had a return on equity of 15.76% and a net margin of 9.93%. CRH’s revenue for the quarter was up 5.6% compared to the same quarter last year. During the same period last year, the firm earned $1.94 EPS. Equities research analysts expect that Crh Plc will post 5.83 EPS for the current year.

About CRH

CRH plc is a global building materials company that supplies products and solutions used in residential, commercial and infrastructure construction. Its activities include the production and distribution of aggregates, asphalt, ready-mixed concrete, cement and other construction materials, as well as value-added products such as precast concrete, architectural products and site-development solutions.

The company serves customers across North America and Europe, including contractors, construction companies, infrastructure developers, distributors and public-sector organizations.