Assetmark Inc. Raises Holdings in CRH plc (NYSE:CRH)

Assetmark Inc. lifted its holdings in shares of CRH plc (NYSE:CRH – Get Rating) by 86.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,526 shares of the construction company’s stock after purchasing an additional 707 shares during the period. Assetmark Inc.’s holdings in CRH were worth $49,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. Raymond James Trust N.A. grew its stake in CRH by 4.1% in the 2nd quarter. Raymond James Trust N.A. now owns 7,769 shares of the construction company’s stock worth $271,000 after acquiring an additional 308 shares during the period. Crossmark Global Holdings Inc. grew its stake in CRH by 0.7% in the 2nd quarter. Crossmark Global Holdings Inc. now owns 63,578 shares of the construction company’s stock worth $2,213,000 after acquiring an additional 424 shares during the period. Truist Financial Corp grew its stake in CRH by 1.6% in the 3rd quarter. Truist Financial Corp now owns 26,535 shares of the construction company’s stock worth $855,000 after acquiring an additional 428 shares during the period. Naviter Wealth LLC grew its stake in CRH by 6.8% in the 3rd quarter. Naviter Wealth LLC now owns 7,333 shares of the construction company’s stock worth $238,000 after acquiring an additional 465 shares during the period. Finally, Bank of Montreal Can grew its stake in CRH by 1.7% in the 2nd quarter. Bank of Montreal Can now owns 27,587 shares of the construction company’s stock worth $974,000 after acquiring an additional 466 shares during the period. 5.51% of the stock is owned by hedge funds and other institutional investors.

CRH Stock Performance

NYSE:CRH opened at $45.01 on Monday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.38 and a current ratio of 1.79. The firm’s fifty day simple moving average is $41.00 and its 200 day simple moving average is $37.72. CRH plc has a twelve month low of $31.22 and a twelve month high of $52.45.

Analysts Set New Price Targets

CRH has been the subject of several research reports. JPMorgan Chase & Co. lowered their price objective on shares of CRH from €50.00 ($54.35) to €48.00 ($52.17) and set an “overweight” rating for the company in a research note on Thursday, December 8th. Credit Suisse Group lowered their price objective on shares of CRH from €50.00 ($54.35) to €48.00 ($52.17) and set an “outperform” rating for the company in a research note on Wednesday, November 23rd. StockNews.com initiated coverage on shares of CRH in a research note on Wednesday, October 12th. They set a “strong-buy” rating for the company. Finally, Redburn Partners raised shares of CRH from a “neutral” rating to a “buy” rating in a research note on Tuesday, January 3rd. Six investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $48.00.

CRH Company Profile

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CRH plc, through its subsidiaries, manufactures and distributes building materials. It operates in three segments: Americas Materials, Europe Materials, and Building Products. The company manufactures and supplies cement, lime, aggregates, precast, ready mixed concrete, and asphalt products; concrete masonry and hardscape products comprising pavers, blocks and kerbs, retaining walls, and related patio products; and glass and glazing products, including architectural glass, custom-engineered curtain and window walls, architectural windows, storefront systems, doors, skylights, and architectural hardware.