CRH (NYSE:CRH) Shares Gap Down to $54.77

CRH plc (NYSE:CRH)’s share price gapped down prior to trading on Monday . The stock had previously closed at $54.77, but opened at $53.48. CRH shares last traded at $53.29, with a volume of 1,252,203 shares.

Analyst Ratings Changes

CRH has been the subject of a number of research analyst reports. StockNews.com upgraded CRH from a “buy” rating to a “strong-buy” rating in a report on Monday, August 28th. Redburn Partners initiated coverage on CRH in a report on Thursday, June 15th. They issued a “buy” rating and a $6.50 target price for the company.

CRH Stock Down 2.7 %

The company has a fifty day moving average price of $57.41 and a 200 day moving average price of $52.73. The company has a current ratio of 1.34, a quick ratio of 0.96 and a debt-to-equity ratio of 0.35.

Institutional Investors Weigh In On CRH

Institutional investors have recently bought and sold shares of the stock. Private Trust Co. NA grew its holdings in CRH by 670.0% during the first quarter. Private Trust Co. NA now owns 539 shares of the construction company’s stock worth $27,000 after buying an additional 469 shares in the last quarter. Allworth Financial LP boosted its position in CRH by 68.5% in the second quarter. Allworth Financial LP now owns 487 shares of the construction company’s stock worth $27,000 after purchasing an additional 198 shares during the last quarter. Heritage Wealth Management LLC boosted its position in CRH by 100.0% in the fourth quarter. Heritage Wealth Management LLC now owns 700 shares of the construction company’s stock worth $28,000 after purchasing an additional 350 shares during the last quarter. KB Financial Partners LLC purchased a new position in CRH in the first quarter worth $30,000. Finally, Hexagon Capital Partners LLC boosted its position in CRH by 37.6% in the second quarter. Hexagon Capital Partners LLC now owns 809 shares of the construction company’s stock worth $45,000 after purchasing an additional 221 shares during the last quarter. Institutional investors own 8.21% of the company’s stock.

CRH Company Profile

CRH plc, through its subsidiaries, manufactures and distributes building materials in Ireland and internationally. It operates through 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, kerbs, retaining walls, and related patio products; It also offers precast concrete and polymer-based products, such as underground vaults, drainage pipes and structures, utility enclosures, and modular precast structures to the water, energy, communication, transportation, and building structures markets; and construction accessories, such as engineered anchoring, fixing, and connection solutions, as well as lifting systems, formwork accessories, and other accessories used in construction applications.