Vanguard Group Inc. Has $7.73 Billion Stake in Crh Plc $CRH

Vanguard Group Inc. raised its stake in shares of Crh Plc (NYSE:CRH) by 0.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 64,493,991 shares of the construction company’s stock after buying an additional 88,925 shares during the quarter. Vanguard Group Inc. owned about 9.59% of CRH worth $7,732,830,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. United Community Bank increased its stake in CRH by 359.6% in the third quarter. United Community Bank now owns 239 shares of the construction company’s stock valued at $29,000 after purchasing an additional 187 shares in the last quarter. Salomon & Ludwin LLC bought a new stake in shares of CRH in the 3rd quarter valued at $32,000. Cornerstone Planning Group LLC raised its stake in CRH by 139.3% during the 3rd quarter. Cornerstone Planning Group LLC now owns 268 shares of the construction company’s stock worth $31,000 after buying an additional 156 shares during the period. Creekmur Asset Management LLC acquired a new stake in CRH during the 2nd quarter worth $27,000. Finally, Riggs Asset Managment Co. Inc. lifted its holdings in CRH by 1,835.3% during the second quarter. Riggs Asset Managment Co. Inc. now owns 329 shares of the construction company’s stock worth $30,000 after acquiring an additional 312 shares in the last quarter. 62.50% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on CRH. Royal Bank Of Canada lowered their price target on CRH from $152.00 to $150.00 and set an “outperform” rating for the company in a report on Friday, November 7th. Weiss Ratings reissued a “buy (b-)” rating on shares of CRH in a research note on Monday, December 22nd. Jefferies Financial Group reaffirmed a “buy” rating on shares of CRH in a research note on Monday, December 1st. DA Davidson increased their price objective on shares of CRH from $110.00 to $116.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 12th. Finally, Barclays boosted their price objective 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. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, CRH has an average rating of “Moderate Buy” and a consensus target price of $135.87.

CRH Trading Up 2.6%

Shares of CRH opened at $125.99 on Tuesday. The stock has a market capitalization of $84.44 billion, a price-to-earnings ratio of 25.10, a PEG ratio of 1.85 and a beta of 1.33. Crh Plc has a 12 month low of $76.75 and a 12 month high of $131.55. The firm has a fifty day simple moving average of $125.32 and a 200 day simple moving average of $118.06.

CRH 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.