Janney Montgomery Scott LLC Takes Position in CRH plc (NYSE:CRH)

Oct 28, 2023

Janney Montgomery Scott LLC purchased a new stake in shares of CRH plc (NYSE:CRH - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 7,239 shares of the construction company's stock, valued at approximately $368,000.

Several other institutional investors and hedge funds have also recently modified their holdings of CRH. Private Trust Co. NA increased its holdings in CRH by 670.0% in the 1st quarter. Private Trust Co. NA now owns 539 shares of the construction company's stock worth $27,000 after buying an additional 469 shares in the last quarter. Heritage Wealth Management LLC increased its holdings in CRH by 100.0% in the 4th quarter. Heritage Wealth Management LLC now owns 700 shares of the construction company's stock worth $28,000 after buying an additional 350 shares in the last quarter. EverSource Wealth Advisors LLC increased its holdings in CRH by 53.6% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,029 shares of the construction company's stock worth $41,000 after buying an additional 359 shares in the last quarter. CWM LLC increased its holdings in CRH by 81.2% in the 4th quarter. CWM LLC now owns 1,294 shares of the construction company's stock worth $51,000 after buying an additional 580 shares in the last quarter. Finally, Hollencrest Capital Management bought a new stake in CRH in the 4th quarter worth about $54,000. 6.03% of the stock is currently owned by institutional investors.

Shares of NYSE:CRH opened at $60.04 on Tuesday. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.67 and a quick ratio of 1.19. The stock's 50-day simple moving average is $54.45 and its two-hundred day simple moving average is $50.61. 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 research analyst reports. Redburn Partners started coverage on CRH in a report on Thursday, June 15th. They issued a "buy" rating and a $6.50 price objective for the company. StockNews.com cut CRH from a "strong-buy" rating to a "buy" rating in a research report on Monday, July 31st.

Get Our Latest Report on CRH

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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