Raymond James Trust N.A. Sells 1,718 Shares of CRH plc (NYSE:CRH)

Sep 29, 2023

Raymond James Trust N.A. trimmed its holdings in CRH plc (NYSE:CRH - Free Report) by 26.5% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,773 shares of the construction company's stock after selling 1,718 shares during the quarter. Raymond James Trust N.A.'s holdings in CRH were worth $243,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in CRH. JPMorgan Chase & Co. raised its holdings in shares of CRH by 0.3% in the first quarter. JPMorgan Chase & Co. now owns 269,338 shares of the construction company's stock valued at $10,790,000 after buying an additional 724 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in CRH by 0.8% during the 1st quarter. Bank of New York Mellon Corp now owns 262,579 shares of the construction company's stock worth $10,519,000 after purchasing an additional 2,011 shares during the last quarter. American Century Companies Inc. bought a new stake in CRH during the 1st quarter worth about $1,541,000. Bank of Montreal Can raised its holdings in CRH by 3.1% during the 1st quarter. Bank of Montreal Can now owns 27,121 shares of the construction company's stock worth $1,113,000 after purchasing an additional 816 shares during the last quarter. Finally, Prudential Financial Inc. raised its holdings in CRH by 24.6% during the 1st quarter. Prudential Financial Inc. now owns 8,328 shares of the construction company's stock worth $334,000 after purchasing an additional 1,643 shares during the last quarter. 6.03% of the stock is owned by institutional investors.

Shares of CRH stock opened at $58.69 on Thursday. The company has a quick ratio of 1.19, a current ratio of 1.67 and a debt-to-equity ratio of 0.36. The stock has a 50-day moving average of $54.03 and a 200-day moving average of $50.37. CRH plc has a one year low of $31.22 and a one year high of $60.72.

Several analysts have weighed in on the company. Redburn Partners assumed coverage on CRH in a report on Thursday, June 15th. They set 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 report on Monday.

Read 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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