Ascent Group LLC Makes New $281,000 Investment in CRH plc (NYSE:CRH)

Sep 01, 2023

Ascent Group LLC bought a new stake in CRH plc (NYSE:CRH - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 5,526 shares of the construction company's stock, valued at approximately $281,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Private Trust Co. NA boosted its position in shares of CRH by 670.0% during the 1st quarter. Private Trust Co. NA now owns 539 shares of the construction company's stock valued at $27,000 after acquiring an additional 469 shares during the last quarter. Heritage Wealth Management LLC boosted its position in shares of CRH by 100.0% during the 4th quarter. Heritage Wealth Management LLC now owns 700 shares of the construction company's stock valued at $28,000 after acquiring an additional 350 shares during the last quarter. EverSource Wealth Advisors LLC boosted its position in shares of CRH by 53.6% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,029 shares of the construction company's stock valued at $41,000 after acquiring an additional 359 shares during the last quarter. CWM LLC boosted its position in shares of CRH by 81.2% during the 4th quarter. CWM LLC now owns 1,294 shares of the construction company's stock valued at $51,000 after acquiring an additional 580 shares during the last quarter. Finally, Tower Research Capital LLC TRC boosted its position in shares of CRH by 146.2% during the 1st quarter. Tower Research Capital LLC TRC now owns 1,029 shares of the construction company's stock valued at $52,000 after acquiring an additional 611 shares during the last quarter. 6.03% of the stock is owned by institutional investors and hedge funds.

CRH has been the topic of several recent research reports. StockNews.com began coverage on shares of CRH in a research report on Thursday, August 17th. They set a "buy" rating on the stock. Redburn Partners initiated coverage on CRH in a research note on Thursday, June 15th. They set a "buy" rating and a $6.50 price target on the stock.

View Our Latest Stock Analysis on CRH

CRH stock opened at $56.55 on Tuesday. The company has a current ratio of 1.67, a quick ratio of 1.19 and a debt-to-equity ratio of 0.36. CRH plc has a 52-week low of $31.22 and a 52-week high of $60.72. The company's 50 day moving average is $56.50 and its two-hundred day moving average is $51.52.

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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