Keudell Morrison Wealth Management Buys Shares of 2,230 CRH plc (NYSE:CRH)

Keudell Morrison Wealth Management bought a new stake in CRH plc (NYSE:CRH) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 2,230 shares of the construction company’s stock, valued at approximately $207,000.

Several other large investors also recently bought and sold shares of the company. Janney Montgomery Scott LLC boosted its stake in shares of CRH by 211.8% during the first quarter. Janney Montgomery Scott LLC now owns 38,683 shares of the construction company’s stock valued at $3,337,000 after acquiring an additional 26,276 shares during the last quarter. Cetera Advisors LLC acquired a new stake in shares of CRH during the first quarter valued at $1,277,000. SG Americas Securities LLC boosted its stake in shares of CRH by 510.9% during the first quarter. SG Americas Securities LLC now owns 22,751 shares of the construction company’s stock valued at $1,963,000 after acquiring an additional 19,027 shares during the last quarter. LGT Group Foundation boosted its stake in shares of CRH by 8,189.3% during the second quarter. LGT Group Foundation now owns 1,599,827 shares of the construction company’s stock valued at $119,955,000 after acquiring an additional 1,580,527 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its position in CRH by 30.6% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 6,651 shares of the construction company’s stock worth $574,000 after buying an additional 1,558 shares during the period. Institutional investors and hedge funds own 62.50% of the company’s stock.

Analyst Upgrades and Downgrades

CRH has been the topic of several recent analyst reports. Citigroup reduced 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. Truist Financial increased their target price on CRH from $100.00 to $110.00 and gave the stock a “buy” rating in a research report on Friday, August 9th. DA Davidson increased their target price on CRH from $100.00 to $110.00 and gave the stock a “buy” rating in a research report on Friday, August 9th. Barclays assumed coverage on CRH in a report on Tuesday, October 29th. They issued an “overweight” rating and a $110.00 price objective on the stock. Finally, StockNews.com downgraded CRH from a “buy” rating to a “hold” rating in a report on Friday, August 16th. Two research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $100.90.

CRH Stock Performance

Shares of NYSE CRH opened at $100.67 on Friday. CRH plc has a fifty-two week low of $58.00 and a fifty-two week high of $102.45. The business has a 50 day moving average price of $91.00 and a two-hundred day moving average price of $83.83.

CRH (NYSE:CRH) last issued its quarterly earnings data on Thursday, August 8th. The construction company reported $1.85 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.85. The business had revenue of $9.65 billion for the quarter, compared to analyst estimates of $10.16 billion. As a group, sell-side analysts expect that CRH plc will post 5.45 EPS for the current fiscal year.

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.