Kornitzer Capital Management Inc. KS boosted its holdings in CRH plc (NYSE:CRH – Free Report) by 1.7% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 239,356 shares of the construction company’s stock after purchasing an additional 4,095 shares during the period. Kornitzer Capital Management Inc. KS’s holdings in CRH were worth $22,198,000 at the end of the most recent quarter.
Several other institutional investors have also added to or reduced their stakes in CRH. Janney Montgomery Scott LLC increased its position in shares of CRH by 211.8% during the first quarter. Janney Montgomery Scott LLC now owns 38,683 shares of the construction company’s stock valued at $3,337,000 after buying an additional 26,276 shares during the period. Cetera Advisors LLC bought a new position in CRH during the 1st quarter valued at about $1,277,000. SG Americas Securities LLC boosted its holdings in shares of CRH by 510.9% during the 1st quarter. SG Americas Securities LLC now owns 22,751 shares of the construction company’s stock valued at $1,963,000 after acquiring an additional 19,027 shares during the last quarter. LGT Group Foundation increased its position in shares of CRH by 8,189.3% during the 2nd quarter. LGT Group Foundation now owns 1,599,827 shares of the construction company’s stock valued at $119,955,000 after purchasing an additional 1,580,527 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its stake in shares of CRH by 30.6% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 6,651 shares of the construction company’s stock worth $574,000 after purchasing an additional 1,558 shares during the period. 62.50% of the stock is currently owned by hedge funds and other institutional investors.
CRH Stock Up 1.3 %
Shares of CRH traded up $1.29 during mid-day trading on Thursday, hitting $101.25. 1,475,351 shares of the stock were exchanged, compared to its average volume of 4,881,434. The firm has a 50-day moving average of $91.00 and a two-hundred day moving average of $83.83. CRH plc has a 52-week low of $58.00 and a 52-week high of $102.45.
Analysts Set New Price Targets
A number of analysts have commented on CRH shares. Citigroup reduced their price target on CRH from $109.00 to $99.00 and set a “buy” rating for the company in a research report on Thursday, July 11th. Truist Financial upped their price target on shares of CRH from $100.00 to $110.00 and gave the stock a “buy” rating in a research report on Friday, August 9th. Barclays initiated coverage on shares of CRH in a research report on Tuesday, October 29th. They set an “overweight” rating and a $110.00 price objective on the stock. StockNews.com downgraded shares of CRH from a “buy” rating to a “hold” rating in a report on Friday, August 16th. Finally, DA Davidson upped their price objective on CRH from $100.00 to $110.00 and gave the stock a “buy” rating in a research note on Friday, August 9th. Two investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $100.90.
Read Our Latest Stock Analysis on CRH
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.
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