Crh Plc $CRH Shares Sold by Transatlantique Private Wealth LLC

Transatlantique Private Wealth LLC trimmed its stake in shares of Crh Plc (NYSE:CRH) by 70.3% during the 2nd quarter, Holdings Channel reports. The fund owned 3,759 shares of the construction company’s stock after selling 8,904 shares during the quarter. Transatlantique Private Wealth LLC’s holdings in CRH were worth $346,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Ninety One UK Ltd grew its holdings 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 worth $288,572,000 after acquiring an additional 364,319 shares during the period. GSA Capital Partners LLP acquired a new stake in CRH during the first quarter valued at $744,000. Hsbc Holdings PLC grew 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 buying an additional 226,602 shares during the period. Massachusetts Financial Services Co. MA grew 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 buying an additional 3,108,416 shares during the period. Finally, National Pension Service grew 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 buying an additional 170,702 shares during the period. 62.50% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. Barclays raised their price target on shares of CRH from $110.00 to $131.00 and gave the company an “overweight” rating in a research report on Monday, October 20th. Morgan Stanley set a $134.00 price target on shares of CRH in a research report on Thursday, October 9th. JPMorgan Chase & Co. assumed coverage on shares of CRH in a research report on Friday, October 24th. They set an “overweight” rating on the stock. Bank of America initiated coverage on shares of CRH in a research report on Friday, September 26th. They set a “buy” rating and a $128.00 price target on the stock. Finally, DA Davidson reiterated a “neutral” rating and issued a $105.00 target price (down previously from $120.00) on shares of CRH in a research report on Thursday, July 10th. Four investment analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, CRH currently has an average rating of “Buy” and a consensus target price of $127.71.

CRH Stock Down 0.8%

Shares of NYSE CRH opened at $117.49 on Wednesday. The company’s 50-day simple moving average is $115.68 and its 200-day simple moving average is $103.23. Crh Plc has a 52-week low of $76.75 and a 52-week high of $121.99. The firm has a market cap of $79.03 billion, a price-to-earnings ratio of 24.58, a price-to-earnings-growth ratio of 1.68 and a beta of 1.32.

CRH (NYSE:CRH) last announced its earnings results on Wednesday, August 6th. The construction company reported $1.94 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.06 by ($0.12). CRH had a net margin of 9.09% and a return on equity of 15.68%. The company had revenue of $10.21 billion during the quarter, compared to analyst estimates of $10.27 billion. During the same quarter last year, the business earned $1.88 EPS. The firm’s revenue for the quarter was up 5.7% compared to the same quarter last year. Equities research analysts anticipate that Crh Plc will post 5.47 EPS for the current fiscal 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.