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Aug 11, 2023Raymond James Trust N.A. Sells 1,718 Shares of CRH plc (NYSE:CRH)
![Sep 29, 2023](/themes/hestia/images/news-details-icon1.webp)
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.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected].
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