Stephens Inc. AR Decreases Stock Position in CRH plc (NYSE:CRH)

Stephens Inc. AR cut its holdings in CRH plc (NYSE:CRH) by 4.1% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,617 shares of the construction company’s stock after selling 199 shares during the period. Stephens Inc. AR’s holdings in CRH were worth $427,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Deseret Mutual Benefit Administrators purchased a new position in CRH in the 3rd quarter valued at about $25,000. Heck Capital Advisors LLC acquired a new stake in shares of CRH in the fourth quarter worth approximately $32,000. Meeder Asset Management Inc. acquired a new stake in shares of CRH in the third quarter worth approximately $35,000. Baillie Gifford & Co. boosted its position in shares of CRH by 70.7% in the third quarter. Baillie Gifford & Co. now owns 391 shares of the construction company’s stock worth $36,000 after acquiring an additional 162 shares during the last quarter. Finally, Spire Wealth Management acquired a new stake in shares of CRH in the fourth quarter worth approximately $57,000. 62.50% of the stock is currently owned by hedge funds and other institutional investors.

CRH Stock Up 1.7 %

CRH opened at $108.31 on Friday. The firm has a market capitalization of $73.57 billion, a P/E ratio of 21.66, a P/E/G ratio of 1.18 and a beta of 1.30. The firm’s 50 day moving average is $97.30 and its 200-day moving average is $93.69. CRH plc has a 52-week low of $71.18 and a 52-week high of $108.39.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on CRH shares. JPMorgan Chase & Co. raised their target price on shares of CRH from $114.00 to $116.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 20th. Citigroup cut their price target on shares of CRH from $120.00 to $115.00 and set a “buy” rating on the stock in a report on Monday, January 6th. Hsbc Global Res upgraded shares of CRH to a “strong-buy” rating in a report on Monday, November 11th. HSBC started coverage on shares of CRH in a report on Monday, November 11th. They issued a “buy” rating and a $116.00 price target on the stock. Finally, Morgan Stanley raised their price target on shares of CRH from $95.00 to $104.00 and gave the company an “overweight” rating in a report on Monday, November 11th. One analyst has rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, CRH currently has a consensus rating of “Buy” and a consensus target price of $107.75.

CRH 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.