Blue Trust Inc. Cuts Position in CRH plc (NYSE:CRH)

Blue Trust Inc. lowered its holdings in CRH plc (NYSE:CRH) by 52.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,362 shares of the construction company’s stock after selling 1,484 shares during the period. Blue Trust Inc.’s holdings in CRH were worth $126,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of CRH. Deseret Mutual Benefit Administrators purchased a new position in shares of CRH in the 3rd quarter worth about $25,000. Heck Capital Advisors LLC purchased a new position in shares of CRH in the 4th quarter worth about $32,000. Meeder Asset Management Inc. purchased a new position in shares of CRH in the 3rd quarter worth about $35,000. Baillie Gifford & Co. boosted its stake in CRH by 70.7% in the third quarter. Baillie Gifford & Co. now owns 391 shares of the construction company’s stock valued at $36,000 after acquiring an additional 162 shares during the last quarter. Finally, Spire Wealth Management purchased a new position in CRH in the fourth quarter valued at about $57,000. Hedge funds and other institutional investors own 62.50% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on CRH. Truist Financial upped their price objective on CRH from $110.00 to $120.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Hsbc Global Res raised CRH to a “strong-buy” rating in a research report on Monday, November 11th. DA Davidson upped their price target on CRH from $110.00 to $120.00 and gave the company a “buy” rating in a research report on Monday, November 11th. JPMorgan Chase & Co. upped their price target on shares of CRH from $114.00 to $116.00 and gave the company an “overweight” rating in a research note on Wednesday, November 20th. Finally, Morgan Stanley increased their target price on shares of CRH from $95.00 to $104.00 and gave the stock an “overweight” rating in a research note on Monday, November 11th. Two analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $107.75.

CRH Trading Down 2.3 %

NYSE CRH opened at $100.26 on Friday. The stock has a 50-day moving average of $97.97 and a 200-day moving average of $94.52. CRH plc has a 1-year low of $71.18 and a 1-year high of $110.97. The firm has a market cap of $68.09 billion, a PE ratio of 20.05, a price-to-earnings-growth ratio of 1.19 and a beta of 1.30.

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.