Marks Group Wealth Management Inc Sells 500 Shares of CRH plc (NYSE:CRH)

Marks Group Wealth Management Inc lessened its stake in CRH plc (NYSE:CRH) by 4.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 11,860 shares of the construction company’s stock after selling 500 shares during the quarter. Marks Group Wealth Management Inc’s holdings in CRH were worth $1,100,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the company. UMB Bank n.a. boosted its position in CRH by 72.7% during the third quarter. UMB Bank n.a. now owns 297 shares of the construction company’s stock worth $28,000 after purchasing an additional 125 shares during the period. GHP Investment Advisors Inc. lifted its position in shares of CRH by 336.4% during the second quarter. GHP Investment Advisors Inc. now owns 336 shares of the construction company’s stock worth $25,000 after acquiring an additional 259 shares in the last quarter. Rothschild Investment LLC purchased a new stake in shares of CRH during the second quarter worth $43,000. Quarry LP bought a new position in shares of CRH in the second quarter worth $49,000. Finally, Bruce G. Allen Investments LLC grew its position in shares of CRH by 391.3% in the third quarter. Bruce G. Allen Investments LLC now owns 737 shares of the construction company’s stock valued at $68,000 after purchasing an additional 587 shares in the last quarter. Hedge funds and other institutional investors own 62.50% of the company’s stock.

Analyst Ratings Changes

CRH has been the subject of several analyst reports. DA Davidson raised their target price on CRH from $100.00 to $110.00 and gave the stock a “buy” rating in a research note on Friday, August 9th. Truist Financial boosted their price objective on shares of CRH from $100.00 to $110.00 and gave the company a “buy” rating in a research note on Friday, August 9th. Barclays began coverage on shares of CRH in a research note on Tuesday, October 29th. They issued an “overweight” rating and a $110.00 target price on the stock. StockNews.com lowered shares of CRH from a “buy” rating to a “hold” rating in a research report on Friday, August 16th. Finally, Citigroup lowered their price objective on CRH from $109.00 to $99.00 and set a “buy” rating on the stock in a research report on Thursday, July 11th. Two investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $100.90.

CRH Stock Up 3.1 %

Shares of CRH stock opened at $99.91 on Thursday. The business has a 50-day moving average price of $91.00 and a two-hundred day moving average price of $83.83. CRH plc has a 12-month low of $57.45 and a 12-month high of $101.60.

CRH (NYSE:CRH) last released its earnings results on Thursday, August 8th. The construction company reported $1.85 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.85. The firm had revenue of $9.65 billion during the quarter, compared to the consensus estimate of $10.16 billion. On average, sell-side analysts forecast that CRH plc will post 5.44 EPS for the current year.

About CRH

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.