CRH plc (NYSE:CRH) Shares Acquired by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC boosted its stake in shares of CRH plc (NYSE:CRH) by 8.1% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,081 shares of the construction company’s stock after purchasing an additional 683 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in CRH were worth $842,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. UMB Bank n.a. boosted its position in CRH by 72.7% during the 3rd quarter. UMB Bank n.a. now owns 297 shares of the construction company’s stock valued at $28,000 after purchasing an additional 125 shares during the period. GHP Investment Advisors Inc. boosted its position in CRH by 336.4% during the 2nd quarter. GHP Investment Advisors Inc. now owns 336 shares of the construction company’s stock valued at $25,000 after purchasing an additional 259 shares during the period. Rothschild Investment LLC acquired a new position in CRH during the 2nd quarter valued at approximately $43,000. Quarry LP acquired a new position in CRH during the 2nd quarter valued at approximately $49,000. Finally, Bruce G. Allen Investments LLC boosted its position in CRH by 391.3% during the 3rd 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 during the period. Institutional investors and hedge funds own 62.50% of the company’s stock.

CRH Stock Performance

Shares of NYSE:CRH opened at $99.91 on Thursday. The business has a 50 day moving average price of $91.00 and a 200 day moving average price of $83.83. CRH plc has a twelve month low of $57.45 and a twelve month high of $101.60.

CRH (NYSE:CRH) last announced its quarterly earnings data on Thursday, August 8th. The construction company reported $1.85 EPS 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. Research analysts forecast that CRH plc will post 5.44 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

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

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.