Todd Asset Management LLC Sells 1,114 Shares of Crh Plc (NYSE:CRH)

Todd Asset Management LLC decreased its position in shares of Crh Plc (NYSE:CRH) by 0.2% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 493,603 shares of the construction company’s stock after selling 1,114 shares during the period. Todd Asset Management LLC’s holdings in CRH were worth $16,165,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Private Capital Group LLC raised its stake in CRH by 336.2% during the 1st quarter. Private Capital Group LLC now owns 916 shares of the construction company’s stock worth $28,000 after acquiring an additional 706 shares during the period. Cornerstone Advisors Inc. raised its stake in CRH by 102.9% during the 1st quarter. Cornerstone Advisors Inc. now owns 980 shares of the construction company’s stock worth $30,000 after acquiring an additional 497 shares during the period. Valeo Financial Advisors LLC raised its stake in CRH by 146.0% during the 2nd quarter. Valeo Financial Advisors LLC now owns 1,685 shares of the construction company’s stock worth $55,000 after acquiring an additional 1,000 shares during the period. Quantamental Technologies LLC bought a new stake in CRH during the 1st quarter worth approximately $62,000. Finally, Parallel Advisors LLC raised its stake in CRH by 143.1% during the 1st quarter. Parallel Advisors LLC now owns 2,018 shares of the construction company’s stock worth $63,000 after acquiring an additional 1,188 shares during the period. Institutional investors own 4.62% of the company’s stock.

CRH traded up $0.66 during trading on Friday, reaching $32.85. 1,889,126 shares of the company traded hands, compared to its average volume of 430,976. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.06 and a current ratio of 1.56. Crh Plc has a 12-month low of $24.62 and a 12-month high of $34.27. The firm has a fifty day simple moving average of $32.71 and a 200 day simple moving average of $32.16. The company has a market cap of $27.00 billion, a P/E ratio of 14.34 and a beta of 0.90.

A number of research firms have commented on CRH. Jefferies Financial Group restated a “buy” rating and set a $33.40 target price on shares of CRH in a research note on Tuesday, July 16th. Credit Suisse Group reaffirmed a “hold” rating and set a $32.00 price objective on shares of CRH in a report on Friday, July 5th. Barclays lowered shares of CRH from an “overweight” rating to an “equal weight” rating in a report on Monday, July 8th. Finally, Zacks Investment Research raised shares of CRH from a “strong sell” rating to a “hold” rating in a report on Wednesday, August 14th. Five research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $33.47.

CRH Company Profile

CRH plc, through its subsidiaries, manufactures and distributes building materials. It operates through three segments: Europe Materials, Americas Materials, and Building Products. The company manufactures and supplies cement, lime, aggregates, readymixed and precast concrete, and asphalt products; and construction accessories, architectural products, shutters and awnings, and perimeter protection and network access products.

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Institutional Ownership by Quarter for CRH (NYSE:CRH)

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