Crh Plc $CRH Shares Bought by Krilogy Financial LLC

Krilogy Financial LLC lifted its position in shares of Crh Plc (NYSE:CRH) by 37.8% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 21,262 shares of the construction company’s stock after purchasing an additional 5,835 shares during the period. Krilogy Financial LLC’s holdings in CRH were worth $2,459,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. NewEdge Advisors LLC lifted its stake in CRH by 158.5% in the first quarter. NewEdge Advisors LLC now owns 8,670 shares of the construction company’s stock valued at $763,000 after buying an additional 5,316 shares during the last quarter. Empowered Funds LLC raised its position in CRH by 5.3% in the 1st quarter. Empowered Funds LLC now owns 13,178 shares of the construction company’s stock valued at $1,159,000 after purchasing an additional 658 shares during the last quarter. Sivia Capital Partners LLC boosted its stake in CRH by 58.5% during the 2nd quarter. Sivia Capital Partners LLC now owns 4,279 shares of the construction company’s stock worth $393,000 after purchasing an additional 1,579 shares during the period. Aberdeen Group plc grew its position in CRH by 48.9% during the 2nd quarter. Aberdeen Group plc now owns 109,934 shares of the construction company’s stock worth $10,134,000 after purchasing an additional 36,105 shares during the last quarter. Finally, Sequoia Financial Advisors LLC increased its stake in CRH by 50.5% in the second quarter. Sequoia Financial Advisors LLC now owns 14,346 shares of the construction company’s stock valued at $1,317,000 after purchasing an additional 4,813 shares during the period. 62.50% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on CRH shares. Barclays raised their price target on CRH from $110.00 to $131.00 and gave the stock an “overweight” rating in a report on Monday, October 20th. UBS Group lifted their target price on CRH from $138.00 to $147.00 and gave the company a “buy” rating in a research note on Thursday, January 8th. Morgan Stanley boosted their target price on CRH from $131.00 to $140.00 and gave the company an “overweight” rating in a report on Wednesday, December 10th. Citigroup increased their price target on CRH from $142.00 to $155.00 and gave the stock a “buy” rating in a report on Thursday, January 8th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of CRH in a research note on Monday, December 22nd. Two analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, CRH has a consensus rating of “Moderate Buy” and a consensus target price of $135.87.

CRH Stock Performance

Shares of NYSE CRH opened at $127.75 on Thursday. Crh Plc has a one year low of $76.75 and a one year high of $131.55. The firm has a market capitalization of $85.62 billion, a P/E ratio of 25.45, a PEG ratio of 1.89 and a beta of 1.33. The company’s fifty day moving average is $125.17 and its two-hundred day moving average is $117.33.

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.