Bank of New York Mellon Corp increased its holdings in shares of Crh Plc (NYSE:CRH) by 1.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 561,248 shares of the construction company’s stock after purchasing an additional 10,152 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.07% of CRH worth $21,249,000 at the end of the most recent reporting period.
Several other large investors have also added to or reduced their stakes in the stock. Crossmark Global Holdings Inc. purchased a new position in CRH during the 3rd quarter valued at approximately $3,583,000. Aperio Group LLC grew its holdings in CRH by 7.9% during the 3rd quarter. Aperio Group LLC now owns 345,763 shares of the construction company’s stock valued at $13,091,000 after buying an additional 25,400 shares in the last quarter. Eqis Capital Management Inc. grew its holdings in CRH by 22.0% during the 3rd quarter. Eqis Capital Management Inc. now owns 10,630 shares of the construction company’s stock valued at $402,000 after buying an additional 1,919 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in CRH during the 2nd quarter valued at approximately $420,000. Finally, Tower Research Capital LLC TRC grew its holdings in CRH by 781.6% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,791 shares of the construction company’s stock valued at $134,000 after buying an additional 3,361 shares in the last quarter. Hedge funds and other institutional investors own 3.43% of the company’s stock.
Several equities analysts have weighed in on CRH shares. Jefferies Group started coverage on CRH in a report on Wednesday, September 27th. They set a “buy” rating for the company. Morgan Stanley upgraded CRH from an “underweight” rating to an “equal weight” rating and raised their price target for the company from $30.50 to $32.50 in a report on Wednesday, September 13th. Finally, Zacks Investment Research cut CRH from a “hold” rating to a “sell” rating in a report on Tuesday, November 28th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $32.50.
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CRH Company Profile
CRH public limited company (CRH plc) is a building materials company. The Company’s segments include Europe Heavyside, Europe Lightside, Europe Distribution, Americas Materials, Americas Products, Americas Distribution and Asia. Europe Heavyside segment is engaged in the manufacturing and supply of aggregates, asphalt, cement, readymixed and precast concrete and landscaping products.
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