Advisory Resource Group Sells 1,105 Shares of CRH plc (NYSE:CRH)

Advisory Resource Group lowered its stake in CRH plc (NYSE:CRH) by 9.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 10,958 shares of the construction company’s stock after selling 1,105 shares during the period. Advisory Resource Group’s holdings in CRH were worth $1,014,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of CRH. Deseret Mutual Benefit Administrators bought a new position in CRH in the third quarter valued at about $25,000. UMB Bank n.a. boosted its position in shares of CRH by 72.7% in the 3rd quarter. UMB Bank n.a. now owns 297 shares of the construction company’s stock worth $28,000 after purchasing an additional 125 shares during the last quarter. Heck Capital Advisors LLC acquired a new stake in shares of CRH during the fourth quarter worth $32,000. Meeder Asset Management Inc. bought a new stake in CRH in the third quarter valued at about $35,000. Finally, Baillie Gifford & Co. lifted 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 buying an additional 162 shares during the period. Institutional investors own 62.50% of the company’s stock.

CRH Trading Down 1.7 %

CRH stock opened at $103.44 on Friday. The company has a market capitalization of $70.25 billion, a price-to-earnings ratio of 20.69, a PEG ratio of 1.18 and a beta of 1.30. CRH plc has a 12 month low of $71.18 and a 12 month high of $105.58. The stock’s 50 day moving average is $97.10 and its 200-day moving average is $92.86.

Analysts Set New Price Targets

A number of brokerages have recently commented on CRH. Barclays assumed coverage on CRH in a research note on Tuesday, October 29th. They issued an “overweight” rating and a $110.00 price target for the company. DA Davidson increased their target price on shares of CRH from $110.00 to $120.00 and gave the stock a “buy” rating in a report on Monday, November 11th. Truist Financial boosted their price target on shares of CRH from $110.00 to $120.00 and gave the company a “buy” rating in a report on Friday, November 8th. HSBC began coverage on CRH in a research note on Monday, November 11th. They set a “buy” rating and a $116.00 price objective on the stock. Finally, Citigroup cut their price objective on CRH from $120.00 to $115.00 and set a “buy” rating on the stock in a report on Monday, January 6th. 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. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target 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.