Truist Financial Corp Lowers Holdings in CRH plc (NYSE:CRH)
May 26, 2023
Truist Financial Corp decreased its position in CRH plc (NYSE:CRH - Free Report) by 14.4% in the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 23,335 shares of the construction company's stock after selling 3,931 shares during the period. Truist Financial Corp's holdings in CRH were worth $1,187,000 at the end of the most recent quarter.
Other large investors have also recently modified their holdings of the company. MQS Management LLC purchased a new stake in shares of CRH in the first quarter valued at approximately $231,000. Janney Montgomery Scott LLC bought a new position in CRH in the first quarter worth approximately $368,000. Assetmark Inc. raised its stake in CRH by 2,014.3% in the first quarter. Assetmark Inc. now owns 6,639 shares of the construction company's stock worth $338,000 after buying an additional 6,325 shares in the last quarter. Inspire Investing LLC bought a new position in CRH in the first quarter worth approximately $533,000. Finally, Ritholtz Wealth Management raised its stake in CRH by 21.7% in the first quarter. Ritholtz Wealth Management now owns 26,665 shares of the construction company's stock worth $1,356,000 after buying an additional 4,759 shares in the last quarter. Hedge funds and other institutional investors own 6.03% of the company's stock.
A number of equities analysts recently commented on CRH shares. Redburn Partners started coverage on shares of CRH in a research note on Thursday, June 15th. They issued a "buy" rating and a $6.50 price objective for the company. StockNews.com started coverage on shares of CRH in a research note on Thursday. They issued a "buy" rating for the company.
Check Out Our Latest Analysis on CRH
Shares of CRH stock opened at $56.44 on Monday. The business's fifty day simple moving average is $56.37 and its 200-day simple moving average is $51.46. The company has a quick ratio of 1.19, a current ratio of 1.67 and a debt-to-equity ratio of 0.36. CRH plc has a 12-month low of $31.22 and a 12-month high of $60.72.
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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