Kornitzer Capital Management Inc. KS Has $22.20 Million Stock Holdings in CRH plc (NYSE:CRH)

Kornitzer Capital Management Inc. KS increased its stake in CRH plc (NYSE:CRH) by 1.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 239,356 shares of the construction company’s stock after purchasing an additional 4,095 shares during the period. Kornitzer Capital Management Inc. KS’s holdings in CRH were worth $22,198,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of CRH. GHP Investment Advisors Inc. lifted its stake in shares of CRH by 336.4% during the 2nd quarter. GHP Investment Advisors Inc. now owns 336 shares of the construction company’s stock worth $25,000 after buying an additional 259 shares during the last quarter. Deseret Mutual Benefit Administrators acquired a new position in shares of CRH in the third quarter valued at about $25,000. UMB Bank n.a. increased its position in CRH by 72.7% during the third quarter. UMB Bank n.a. now owns 297 shares of the construction company’s stock worth $28,000 after acquiring an additional 125 shares during the period. Rothschild Investment LLC bought a new stake in CRH in the 2nd quarter valued at about $43,000. Finally, Quarry LP acquired a new position in shares of CRH during the 2nd quarter worth approximately $49,000. 62.50% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have recently commented on CRH. Citigroup dropped their target price on shares of CRH from $109.00 to $99.00 and set a “buy” rating for the company in a research report on Thursday, July 11th. StockNews.com lowered CRH from a “buy” rating to a “hold” rating in a research note on Friday, August 16th. Truist Financial upped their price objective on CRH from $100.00 to $110.00 and gave the stock a “buy” rating in a research report on Friday, August 9th. Barclays started coverage on shares of CRH in a research report on Tuesday, October 29th. They set an “overweight” rating and a $110.00 price objective for the company. Finally, DA Davidson boosted their target price on shares of CRH from $100.00 to $110.00 and gave the stock a “buy” rating in a research note on Friday, August 9th. Two investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $100.90.

CRH Stock Performance

Shares of NYSE CRH traded up $1.29 during midday trading on Thursday, hitting $101.25. The company’s stock had a trading volume of 1,475,351 shares, compared to its average volume of 4,881,434. CRH plc has a one year low of $58.00 and a one year high of $102.45. The stock has a fifty day moving average price of $91.00 and a 200 day moving average price of $83.83.

CRH (NYSE:CRH) last released its quarterly earnings results on Thursday, August 8th. The construction company reported $1.85 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.85. The firm had revenue of $9.65 billion for the quarter, compared to analysts’ expectations of $10.16 billion. Sell-side analysts predict that CRH plc will post 5.44 earnings per share for the current year.

CRH Company Profile

CRH plc, together with its subsidiaries, provides building materials solutions in Ireland and internationally. It operates through four segments: Americas Materials Solutions, Americas Building Solutions, Europe Materials Solutions, and Europe Building Solutions. The company provides solutions for the construction and maintenance of public infrastructure and commercial and residential buildings; and produces and sells aggregates, cement, readymixed concrete, and asphalt, as well as provides paving and construction services.