Shepherd Financial Partners LLC Invests $2.09 Million in CRH plc (NYSE:CRH)

Shepherd Financial Partners LLC bought a new position in CRH plc (NYSE:CRH - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 41,147 shares of the construction company's stock, valued at approximately $2,093,000.

A number of other hedge funds have also modified their holdings of the stock. CWM LLC raised its holdings in shares of CRH by 18.9% in the 1st quarter. CWM LLC now owns 1,538 shares of the construction company's stock worth $78,000 after buying an additional 244 shares in the last quarter. Cerity Partners LLC grew its position in CRH by 2.8% during the 4th quarter. Cerity Partners LLC now owns 9,905 shares of the construction company's stock worth $394,000 after acquiring an additional 266 shares during the last quarter. Signaturefd LLC grew its position in CRH by 2.9% during the 1st quarter. Signaturefd LLC now owns 9,816 shares of the construction company's stock worth $499,000 after acquiring an additional 276 shares during the last quarter. Parallel Advisors LLC grew its position in CRH by 19.0% during the 1st quarter. Parallel Advisors LLC now owns 1,881 shares of the construction company's stock worth $96,000 after acquiring an additional 300 shares during the last quarter. Finally, Heritage Wealth Management LLC grew its position in CRH by 100.0% during the 4th quarter. Heritage Wealth Management LLC now owns 700 shares of the construction company's stock worth $28,000 after acquiring an additional 350 shares during the last quarter. 6.03% of the stock is owned by institutional investors and hedge funds.

CRH traded up $0.10 during mid-day trading on Wednesday, reaching $58.14. The stock had a trading volume of 626,837 shares, compared to its average volume of 905,407. CRH plc has a 52 week low of $31.22 and a 52 week high of $58.39. 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 firm's fifty day simple moving average is $51.87 and its two-hundred day simple moving average is $49.18.

A number of equities research analysts recently commented on the company. Redburn Partners initiated coverage on CRH in a research report on Thursday, June 15th. They set a "buy" rating and a $6.50 price target on the stock. StockNews.com upgraded CRH from a "buy" rating to a "strong-buy" rating in a research report on Saturday, June 3rd.

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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