TFG Advisers LLC Grows Stock Holdings in CRH plc (NYSE:CRH)

TFG Advisers LLC grew its holdings in shares of CRH plc (NYSE:CRH) by 33.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 4,157 shares of the construction company’s stock after purchasing an additional 1,034 shares during the quarter. TFG Advisers LLC’s holdings in CRH were worth $385,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in CRH. AQR Capital Management LLC purchased a new position in CRH during the second quarter worth about $628,000. GAMMA Investing LLC lifted its holdings in shares of CRH by 106.2% during the 3rd quarter. GAMMA Investing LLC now owns 1,291 shares of the construction company’s stock worth $120,000 after acquiring an additional 665 shares during the period. CWM LLC boosted its position in shares of CRH by 91.2% in the third quarter. CWM LLC now owns 4,064 shares of the construction company’s stock worth $377,000 after acquiring an additional 1,938 shares during the last quarter. UMB Bank n.a. grew its holdings in CRH by 72.7% in the third quarter. UMB Bank n.a. now owns 297 shares of the construction company’s stock valued at $28,000 after purchasing an additional 125 shares during the period. Finally, Boston Common Asset Management LLC acquired a new position in CRH during the third quarter worth approximately $12,295,000. Institutional investors and hedge funds own 62.50% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on CRH. Morgan Stanley lifted 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. StockNews.com upgraded CRH from a “hold” rating to a “buy” rating in a report on Monday, November 11th. Citigroup dropped their price target on CRH from $120.00 to $115.00 and set a “buy” rating for the company in a research note on Monday, January 6th. Barclays initiated coverage on CRH in a research note on Tuesday, October 29th. They issued an “overweight” rating and a $110.00 price objective on the stock. Finally, Truist Financial increased their target price on shares of CRH from $110.00 to $120.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. One investment 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 stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $107.75.

CRH Stock Down 1.7 %

Shares of NYSE:CRH opened at $103.44 on Friday. The company has a market capitalization of $70.26 billion, a price-to-earnings ratio of 20.69, a price-to-earnings-growth ratio of 1.08 and a beta of 1.30. The company has a 50 day moving average of $97.08 and a two-hundred day moving average of $92.71. CRH plc has a 52-week low of $71.18 and a 52-week high of $105.58.

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.