Cetera Investment Advisers Cuts Stock Position in Crh Plc $CRH

Cetera Investment Advisers decreased its holdings in shares of Crh Plc (NYSE:CRH) by 7.6% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 111,763 shares of the construction company’s stock after selling 9,257 shares during the quarter. Cetera Investment Advisers’ holdings in CRH were worth $11,749,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Militia Capital Management LLC purchased a new position in CRH in the first quarter valued at about $631,000. First Trust Advisors LP boosted its position in shares of CRH by 120.4% in the first quarter. First Trust Advisors LP now owns 355,255 shares of the construction company’s stock worth $37,345,000 after buying an additional 194,088 shares during the period. Saturna Capital Corp grew its stake in shares of CRH by 51.4% in the first quarter. Saturna Capital Corp now owns 264,355 shares of the construction company’s stock valued at $27,789,000 after buying an additional 89,750 shares in the last quarter. Himension Capital Singapore PTE. LTD. raised its holdings in shares of CRH by 67.5% during the 1st quarter. Himension Capital Singapore PTE. LTD. now owns 37,087 shares of the construction company’s stock valued at $3,899,000 after buying an additional 14,947 shares during the period. Finally, ABN Amro Investment Solutions purchased a new stake in shares of CRH during the 1st quarter valued at about $10,177,000. 62.50% of the stock is owned by hedge funds and other institutional investors.

CRH Stock Performance

NYSE:CRH opened at $99.67 on Thursday. The stock has a market cap of $66.60 billion, a price-to-earnings ratio of 18.46, a price-to-earnings-growth ratio of 1.78 and a beta of 1.32. Crh Plc has a one year low of $93.58 and a one year high of $131.55. The business’s 50-day simple moving average is $105.46 and its 200 day simple moving average is $111.72.

CRH (NYSE:CRH) last issued its quarterly earnings data on Thursday, April 30th. The construction company reported ($0.20) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.22) by $0.02. CRH had a return on equity of 15.37% and a net margin of 9.65%.The firm had revenue of $7.37 billion during the quarter, compared to analyst estimates of $7.07 billion. The business’s revenue for the quarter was up 9.1% on a year-over-year basis. On average, equities research analysts predict that Crh Plc will post 5.96 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on CRH shares. Sanford C. Bernstein restated an “outperform” rating on shares of CRH in a report on Tuesday, June 23rd. Jefferies Financial Group lifted their price objective on shares of CRH from $149.00 to $165.60 and gave the company a “buy” rating in a research note on Friday, June 26th. Morgan Stanley reissued an “overweight” rating and set a $139.00 target price on shares of CRH in a research report on Wednesday, April 15th. Wells Fargo & Company decreased their target price on shares of CRH from $135.00 to $132.00 and set an “overweight” rating for the company in a research note on Wednesday, July 8th. Finally, Weiss Ratings lowered shares of CRH from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, June 18th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, CRH currently has an average rating of “Buy” and an average price target of $141.19.

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.