Krilogy Financial LLC Grows Stake in Crh Plc $CRH

Krilogy Financial LLC boosted its position in shares of Crh Plc (NYSE:CRH) by 37.8% during the third quarter, according to the company in 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 quarter. Krilogy Financial LLC’s holdings in CRH were worth $2,459,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. NewEdge Advisors LLC raised its stake in shares of CRH by 158.5% during the 1st quarter. NewEdge Advisors LLC now owns 8,670 shares of the construction company’s stock worth $763,000 after buying an additional 5,316 shares during the last quarter. Empowered Funds LLC boosted its stake in shares of CRH by 5.3% during the first quarter. Empowered Funds LLC now owns 13,178 shares of the construction company’s stock valued at $1,159,000 after acquiring an additional 658 shares during the last quarter. Sivia Capital Partners LLC increased its position 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 in the last quarter. Aberdeen Group plc raised its stake in CRH by 48.9% in the 2nd quarter. Aberdeen Group plc now owns 109,934 shares of the construction company’s stock valued at $10,134,000 after purchasing an additional 36,105 shares during the last quarter. Finally, Sequoia Financial Advisors LLC lifted its holdings in CRH by 50.5% in the 2nd 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 in the last quarter. Institutional investors and hedge funds own 62.50% of the company’s stock.

CRH Stock Down 1.1%

Shares of NYSE:CRH opened at $127.75 on Thursday. Crh Plc has a twelve month low of $76.75 and a twelve month high of $131.55. The business has a 50 day moving average price of $125.17 and a 200 day moving average price of $117.33. The company has a market cap of $85.62 billion, a price-to-earnings ratio of 25.45, a PEG ratio of 1.89 and a beta of 1.33.

Analysts Set New Price Targets

A number of brokerages have recently commented on CRH. UBS Group lifted their price target on shares of CRH from $138.00 to $147.00 and gave the stock a “buy” rating in a report on Thursday, January 8th. Weiss Ratings reissued a “buy (b-)” rating on shares of CRH in a research report on Monday, December 22nd. DA Davidson boosted their price target on shares of CRH from $110.00 to $116.00 and gave the company a “neutral” rating in a report on Wednesday, November 12th. Longbow Research assumed coverage on shares of CRH in a research note on Tuesday, December 16th. They set a “buy” rating and a $160.00 target price for the company. Finally, Royal Bank Of Canada reduced their price target on CRH from $152.00 to $150.00 and set an “outperform” rating for the company in a research report on Friday, November 7th. Two analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, CRH currently has an average rating of “Moderate Buy” and an average target price of $135.87.

About CRH

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.