Marks Group Wealth Management Inc Has $677,000 Stock Position in CRH plc (NYSE:CRH)

Dec 17, 2023

Marks Group Wealth Management Inc reduced its position in shares of CRH plc (NYSE:CRH - Free Report) by 20.2% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 13,309 shares of the construction company's stock after selling 3,368 shares during the quarter. Marks Group Wealth Management Inc's holdings in CRH were worth $677,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in CRH. Boston Partners raised its stake in CRH by 6.4% during the 4th quarter. Boston Partners now owns 7,950,338 shares of the construction company's stock worth $319,532,000 after buying an additional 475,402 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of CRH by 3.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 4,424,551 shares of the construction company's stock worth $176,054,000 after purchasing an additional 159,400 shares during the last quarter. Millennium Management LLC purchased a new stake in shares of CRH in the second quarter worth approximately $5,401,000. Morgan Stanley raised its stake in shares of CRH by 7.1% in the fourth quarter. Morgan Stanley now owns 2,279,433 shares of the construction company's stock worth $90,699,000 after purchasing an additional 151,014 shares during the last quarter. Finally, BlackRock Inc. raised its stake in shares of CRH by 23.7% in the third quarter. BlackRock Inc. now owns 656,315 shares of the construction company's stock worth $21,153,000 after purchasing an additional 125,816 shares during the last quarter. 6.03% of the stock is owned by institutional investors and hedge funds.

Shares of CRH traded up $0.70 on Friday, reaching $60.07. 1,150,468 shares of the company's stock traded hands, compared to its average volume of 929,461. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.19 and a current ratio of 1.67. The stock's 50 day simple moving average is $53.40 and its two-hundred day simple moving average is $50.02. CRH plc has a 52-week low of $31.22 and a 52-week high of $60.72.

CRH has been the subject of several analyst reports. StockNews.com raised CRH from a "buy" rating to a "strong-buy" rating in a research note on Saturday, June 3rd. Redburn Partners started coverage on CRH in a research note on Thursday, June 15th. They issued a "buy" rating and a $6.50 price objective for the company.

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.

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