Manning & Napier Advisors LLC raised its position in Crh Plc (NYSE:CRH) by 31.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 111,526 shares of the construction company’s stock after buying an additional 26,607 shares during the period. Manning & Napier Advisors LLC’s holdings in Crh Plc were worth $3,954,000 as of its most recent SEC filing.
A number of other hedge funds have also added to or reduced their stakes in the company. Parametric Portfolio Associates LLC raised its stake in Crh Plc by 25.6% in the first quarter. Parametric Portfolio Associates LLC now owns 559,914 shares of the construction company’s stock worth $19,692,000 after buying an additional 114,087 shares during the period. Garde Capital Inc. purchased a new position in shares of Crh Plc during the fourth quarter worth approximately $244,000. Capstone Asset Management Co. increased its position in shares of Crh Plc by 10.4% in the first quarter. Capstone Asset Management Co. now owns 85,223 shares of the construction company’s stock worth $2,997,000 after buying an additional 8,020 shares in the last quarter. Renaissance Technologies LLC purchased a new position in shares of Crh Plc during the fourth quarter worth approximately $5,604,000. Finally, Wetherby Asset Management Inc. increased its position in shares of Crh Plc by 14.0% in the first quarter. Wetherby Asset Management Inc. now owns 13,049 shares of the construction company’s stock worth $459,000 after buying an additional 1,606 shares in the last quarter. 4.09% of the stock is owned by institutional investors.
Shares of Crh Plc (NYSE CRH) traded down 1.04% during trading on Friday, reaching $34.33. 497,440 shares of the company traded hands. The company has a market capitalization of $28.58 billion, a price-to-earnings ratio of 19.49 and a beta of 0.96. Crh Plc has a 1-year low of $31.55 and a 1-year high of $38.04. The stock’s 50 day moving average is $35.33 and its 200 day moving average is $35.43.
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A number of brokerages have commented on CRH. BidaskClub upgraded shares of Crh Plc from a “strong sell” rating to a “sell” rating in a report on Thursday. Bank of America Corporation upgraded shares of Crh Plc from a “neutral” rating to a “buy” rating in a report on Friday, April 21st. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the stock. Crh Plc has an average rating of “Hold” and a consensus target price of $39.00.
About Crh Plc
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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