Quantinno Capital Management LP Acquires 2,781 Shares of CRH plc (NYSE:CRH)

Quantinno Capital Management LP increased its holdings in shares of CRH plc (NYSE:CRHFree Report) by 21.5% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,728 shares of the construction company’s stock after acquiring an additional 2,781 shares during the period. Quantinno Capital Management LP’s holdings in CRH were worth $800,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the business. Shepherd Financial Partners LLC bought a new stake in CRH during the 1st quarter worth approximately $2,093,000. Csenge Advisory Group bought a new stake in CRH during the 1st quarter worth approximately $210,000. CWM LLC grew its position in CRH by 18.9% during the 1st quarter. CWM LLC now owns 1,538 shares of the construction company’s stock worth $78,000 after acquiring an additional 244 shares during the last quarter. Signaturefd LLC boosted its position in CRH by 2.9% in the 1st quarter. Signaturefd LLC now owns 9,816 shares of the construction company’s stock valued at $499,000 after buying an additional 276 shares during the last quarter. Finally, Janney Montgomery Scott LLC bought a new position in CRH in the 1st quarter valued at $368,000. 6.03% of the stock is currently owned by institutional investors.

CRH Price Performance

NYSE:CRH opened at $60.08 on Friday. CRH plc has a 12-month low of $31.22 and a 12-month high of $60.72. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.19 and a current ratio of 1.67. The stock’s fifty day simple moving average is $53.40 and its 200-day simple moving average is $50.07.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on CRH shares. StockNews.com upgraded CRH from a “buy” rating to a “strong-buy” rating in a research report on Saturday, June 3rd. Redburn Partners started coverage on CRH in a research report on Thursday, June 15th. They issued a “buy” rating and a $6.50 price objective on the stock.

About CRH

(Free Report)

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.

See Also

Institutional Ownership by Quarter for CRH (NYSE:CRH)

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