LGT Financial Advisors LLC Lowers Holdings in CRH plc (NYSE:CRH)

LGT Financial Advisors LLC lowered its position in shares of CRH plc (NYSE:CRH) by 45.9% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 510 shares of the construction company’s stock after selling 433 shares during the period. LGT Financial Advisors LLC’s holdings in CRH were worth $47,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in CRH. Grove Bank & Trust boosted its position in CRH by 9.5% during the third quarter. Grove Bank & Trust now owns 1,419 shares of the construction company’s stock valued at $132,000 after purchasing an additional 123 shares in the last quarter. UMB Bank n.a. raised its stake in CRH by 72.7% in the third quarter. UMB Bank n.a. now owns 297 shares of the construction company’s stock valued at $28,000 after buying an additional 125 shares during the last quarter. CVA Family Office LLC boosted its holdings in CRH by 2.1% in the third quarter. CVA Family Office LLC now owns 6,116 shares of the construction company’s stock worth $567,000 after acquiring an additional 128 shares in the last quarter. Gallacher Capital Management LLC grew its stake in shares of CRH by 3.2% during the second quarter. Gallacher Capital Management LLC now owns 5,997 shares of the construction company’s stock worth $450,000 after acquiring an additional 188 shares during the last quarter. Finally, Farther Finance Advisors LLC increased its holdings in shares of CRH by 10.3% during the third quarter. Farther Finance Advisors LLC now owns 2,172 shares of the construction company’s stock valued at $201,000 after acquiring an additional 202 shares in the last quarter. 62.50% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

CRH Stock Performance

CRH stock opened at $99.91 on Thursday. The stock’s 50 day simple moving average is $91.00 and its two-hundred day simple moving average is $83.83. CRH plc has a 12 month low of $57.45 and a 12 month high of $101.60.

CRH (NYSE:CRH) last posted its earnings results on Thursday, August 8th. The construction company reported $1.85 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.85. The firm had revenue of $9.65 billion for the quarter, compared to analysts’ expectations of $10.16 billion. As a group, equities research analysts expect that CRH plc will post 5.44 earnings per share for the current year.

About CRH

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.