Transatlantique Private Wealth LLC Lowers Stock Position in Crh Plc $CRH

Transatlantique Private Wealth LLC lessened its holdings in Crh Plc (NYSE:CRH) by 70.3% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 3,759 shares of the construction company’s stock after selling 8,904 shares during the period. Transatlantique Private Wealth LLC’s holdings in CRH were worth $346,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the business. Ninety One UK Ltd lifted its position in CRH by 13.1% during 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 during the last quarter. GSA Capital Partners LLP purchased a new stake in CRH during the first quarter valued at 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 valued at $39,318,000 after acquiring an additional 226,602 shares during 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 valued at $906,424,000 after acquiring an additional 3,108,416 shares during 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 valued at $189,492,000 after acquiring an additional 170,702 shares during the last quarter. Hedge funds and other institutional investors own 62.50% of the company’s stock.

Wall Street Analyst Weigh In

CRH has been the subject of a number of analyst reports. Vertical Research raised shares of CRH to a “strong-buy” rating in a research report on Friday, August 1st. Morgan Stanley set a $134.00 target price on shares of CRH in a research report on Thursday, October 9th. Jefferies Financial Group raised shares of CRH to a “strong-buy” rating in a research report on Monday, September 22nd. Barclays raised their price target on shares of CRH from $110.00 to $131.00 and gave the stock an “overweight” rating in a report on Monday, October 20th. Finally, Bank of America initiated coverage on shares of CRH in a report on Friday, September 26th. They issued a “buy” rating and a $128.00 price target for the company. Four equities research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, CRH presently has a consensus rating of “Buy” and an average target price of $127.71.

CRH Stock Down 0.8%

Shares of NYSE CRH opened at $117.49 on Wednesday. The business’s 50 day moving average price is $115.68 and its 200 day moving average price is $103.23. The firm has a market cap 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. Crh Plc has a 52 week low of $76.75 and a 52 week high of $121.99.

CRH (NYSE:CRH) last issued 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). The firm had revenue of $10.21 billion during the quarter, compared to analysts’ expectations of $10.27 billion. CRH had a net margin of 9.09% and a return on equity of 15.68%. CRH’s quarterly revenue was up 5.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.88 EPS. As a group, research analysts expect that Crh Plc will post 5.47 earnings per share for the current year.

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.