RFG Bristol Wealth Advisors LLC Decreases Stock Position in Crh Plc $CRH

RFG Bristol Wealth Advisors LLC cut its position in Crh Plc (NYSE:CRH) by 12.5% in the 2nd quarter, Holdings Channel.com reports. The firm owned 9,021 shares of the construction company’s stock after selling 1,288 shares during the quarter. RFG Bristol Wealth Advisors LLC’s holdings in CRH were worth $828,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Mission Wealth Management LP raised its holdings in CRH by 1.1% in the second quarter. Mission Wealth Management LP now owns 9,548 shares of the construction company’s stock valued at $877,000 after acquiring an additional 107 shares in the last quarter. Park Place Capital Corp raised its holdings in CRH by 59.9% in the second quarter. Park Place Capital Corp now owns 307 shares of the construction company’s stock valued at $29,000 after acquiring an additional 115 shares in the last quarter. Diversify Advisory Services LLC raised its holdings in CRH by 5.0% in the first quarter. Diversify Advisory Services LLC now owns 2,572 shares of the construction company’s stock valued at $240,000 after acquiring an additional 123 shares in the last quarter. Callan Family Office LLC raised its holdings in CRH by 4.4% in the first quarter. Callan Family Office LLC now owns 3,074 shares of the construction company’s stock valued at $270,000 after acquiring an additional 129 shares in the last quarter. Finally, LRI Investments LLC raised its holdings in CRH by 9.2% in the second quarter. LRI Investments LLC now owns 1,669 shares of the construction company’s stock valued at $153,000 after acquiring an additional 140 shares in the last quarter. 62.50% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on CRH. DA Davidson reaffirmed a “neutral” rating and issued a $105.00 price target (down from $120.00) on shares of CRH in a report on Thursday, July 10th. Truist Financial upped their price target on shares of CRH from $125.00 to $140.00 and gave the company a “buy” rating in a report on Thursday, October 2nd. Royal Bank Of Canada boosted their target price on shares of CRH from $112.00 to $152.00 and gave the company an “outperform” rating in a research note on Wednesday, October 1st. Bank of America started coverage on shares of CRH in a report on Friday, September 26th. They set a “buy” rating and a $128.00 target price on the stock. Finally, UBS Group started coverage on shares of CRH in a report on Tuesday, October 14th. They set a “buy” rating and a $138.00 target price on the stock. Four equities research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $127.71.

CRH Stock Performance

Shares of NYSE:CRH opened at $117.49 on Wednesday. The stock has a market capitalization of $79.03 billion, a price-to-earnings ratio of 24.58, a price-to-earnings-growth ratio of 1.68 and a beta of 1.32. Crh Plc has a 1-year low of $76.75 and a 1-year high of $121.99. The company’s fifty day moving average is $115.68 and its two-hundred day moving average is $103.23.

CRH (NYSE:CRH) last issued its earnings results on Wednesday, August 6th. The construction company reported $1.94 earnings per share for the quarter, missing analysts’ consensus estimates of $2.06 by ($0.12). The business had revenue of $10.21 billion for the quarter, compared to analyst estimates of $10.27 billion. CRH had a return on equity of 15.68% and a net margin of 9.09%.The firm’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same period last year, the company posted $1.88 earnings per share. Sell-side analysts expect that Crh Plc will post 5.47 EPS for the current fiscal year.

About CRH

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.