CRH (NYSE:CRH) Lifted to “Overweight” at Morgan Stanley

Morgan Stanley upgraded shares of CRH (NYSE:CRH) from an equal weight rating to an overweight rating in a research report report published on Friday, November 17th, The Fly reports.

A number of other research analysts have also recently weighed in on CRH. BidaskClub cut shares of CRH from a hold rating to a sell rating in a research note on Monday, July 24th. Jefferies Group began coverage on shares of CRH in a research note on Wednesday, September 27th. They set a buy rating on the stock. Two analysts have rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the stock. The company currently has a consensus rating of Hold and an average price target of $32.50.

Shares of CRH (NYSE:CRH) traded down $0.26 during mid-day trading on Friday, reaching $34.48. 913,205 shares of the company’s stock were exchanged, compared to its average volume of 573,862. The company has a quick ratio of 1.10, a current ratio of 1.60 and a debt-to-equity ratio of 0.57. CRH has a twelve month low of $32.82 and a twelve month high of $38.06.

Several hedge funds have recently added to or reduced their stakes in CRH. Huntington National Bank grew its holdings in shares of CRH by 5.0% during the 2nd quarter. Huntington National Bank now owns 2,842 shares of the construction company’s stock valued at $101,000 after purchasing an additional 135 shares during the last quarter. Tower Research Capital LLC TRC grew its holdings in shares of CRH by 781.6% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,791 shares of the construction company’s stock valued at $134,000 after purchasing an additional 3,361 shares during the last quarter. Acrospire Investment Management LLC bought a new position in shares of CRH during the 2nd quarter valued at $149,000. Advisor Group Inc. boosted its position in CRH by 38.6% during the 2nd quarter. Advisor Group Inc. now owns 4,520 shares of the construction company’s stock valued at $160,000 after buying an additional 1,259 shares during the period. Finally, Grove Bank & Trust boosted its position in CRH by 69.3% during the 2nd quarter. Grove Bank & Trust now owns 4,910 shares of the construction company’s stock valued at $174,000 after buying an additional 2,010 shares during the period. 3.43% of the stock is currently owned by institutional investors.

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About CRH

CRH public limited company (CRH plc) is a building materials company. The Company’s segments include Europe Heavyside, Europe Lightside, Europe Distribution, Americas Materials, Americas Products, Americas Distribution and Asia. Europe Heavyside segment is engaged in the manufacturing and supply of aggregates, asphalt, cement, readymixed and precast concrete and landscaping products.

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