CRH (NYSE:CRH) Coverage Initiated by Analysts at StockNews.com
May 25, 2023
Stock analysts at StockNews.com assumed coverage on shares of CRH (NYSE:CRH - Get Free Report) in a research note issued to investors on Thursday. The firm set a "buy" rating on the construction company's stock.
Separately, Redburn Partners began coverage on shares of CRH in a report on Thursday, June 15th. They issued a "buy" rating and a $6.50 target price for the company.
Get Our Latest Report on CRH
CRH stock opened at $57.47 on Thursday. CRH has a 1 year low of $31.22 and a 1 year high of $60.72. The firm has a 50 day moving average price of $56.07 and a 200 day moving average price of $51.30. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.19 and a current ratio of 1.67.
Several institutional investors and hedge funds have recently made changes to their positions in the company. Imprint Wealth LLC acquired a new stake in CRH in the second quarter valued at $44,699,000. Natixis Advisors L.P. raised its holdings in CRH by 49.5% in the second quarter. Natixis Advisors L.P. now owns 297,611 shares of the construction company's stock valued at $16,586,000 after acquiring an additional 98,509 shares in the last quarter. Raymond James Trust N.A. raised its holdings in CRH by 50.8% in the second quarter. Raymond James Trust N.A. now owns 7,200 shares of the construction company's stock valued at $401,000 after acquiring an additional 2,427 shares in the last quarter. Y Intercept Hong Kong Ltd raised its holdings in CRH by 1,037.0% in the second quarter. Y Intercept Hong Kong Ltd now owns 55,109 shares of the construction company's stock valued at $3,071,000 after acquiring an additional 50,262 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its holdings in CRH by 6.9% in the second quarter. Goldman Sachs Group Inc. now owns 1,648,907 shares of the construction company's stock valued at $91,894,000 after acquiring an additional 105,949 shares in the last quarter. 6.03% of the stock is currently owned by hedge funds and other institutional investors.
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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