Appleton Partners Inc. MA Reduces Stock Position in CRH plc (NYSE:CRH)

Appleton Partners Inc. MA decreased its position in CRH plc (NYSE:CRH) by 2.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 37,027 shares of the construction company’s stock after selling 1,045 shares during the quarter. Appleton Partners Inc. MA’s holdings in CRH were worth $3,426,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of CRH. Deseret Mutual Benefit Administrators bought a new stake in shares of CRH in the third quarter worth about $25,000. UMB Bank n.a. lifted its holdings in 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 buying an additional 125 shares during the period. Heck Capital Advisors LLC bought a new stake in shares of CRH in the 4th quarter worth approximately $32,000. Meeder Asset Management Inc. purchased a new position in shares of CRH during the third quarter valued at approximately $35,000. Finally, Baillie Gifford & Co. raised its holdings in shares of CRH by 70.7% during 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 in the last quarter. 62.50% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

CRH has been the topic of a number of research analyst reports. StockNews.com raised shares of CRH from a “hold” rating to a “buy” rating in a research report on Monday, November 11th. HSBC started coverage on shares of CRH in a research report on Monday, November 11th. They set a “buy” rating and a $116.00 price target on the stock. Citigroup lowered their price objective on shares of CRH from $120.00 to $115.00 and set a “buy” rating for the company in a report on Monday, January 6th. Truist Financial upped their target price on CRH from $110.00 to $120.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Finally, Hsbc Global Res upgraded CRH to a “strong-buy” rating in a research note on Monday, November 11th. One research analyst has rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $107.75.

CRH Trading Down 1.7 %

CRH stock opened at $103.44 on Friday. CRH plc has a 12 month low of $71.18 and a 12 month high of $105.58. The business’s fifty day simple moving average is $97.08 and its two-hundred day simple moving average is $92.71. 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.

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.