Stockman Wealth Management Inc. Trims Stake in CRH plc (NYSE:CRH)

Stockman Wealth Management Inc. trimmed its stake in CRH plc (NYSE:CRH) by 0.9% in the 4th quarter, HoldingsChannel reports. The firm owned 123,973 shares of the construction company’s stock after selling 1,140 shares during the period. CRH makes up 1.8% of Stockman Wealth Management Inc.’s portfolio, making the stock its 17th largest holding. Stockman Wealth Management Inc.’s holdings in CRH were worth $11,470,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Seelaus Asset Management LLC increased its stake in shares of CRH by 1.9% in the 4th quarter. Seelaus Asset Management LLC now owns 19,244 shares of the construction company’s stock worth $1,780,000 after purchasing an additional 350 shares in the last quarter. Wilmington Savings Fund Society FSB increased its stake in CRH by 28.5% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 6,103 shares of the construction company’s stock worth $565,000 after buying an additional 1,355 shares in the last quarter. TFG Advisers LLC increased its stake in CRH by 33.1% in the 4th quarter. TFG Advisers LLC now owns 4,157 shares of the construction company’s stock worth $385,000 after buying an additional 1,034 shares in the last quarter. Conning Inc. purchased a new stake in CRH in the 4th quarter worth $657,000. Finally, Exane Asset Management increased its stake in CRH by 73.8% in the 4th quarter. Exane Asset Management now owns 185,074 shares of the construction company’s stock worth $17,123,000 after buying an additional 78,559 shares in the last quarter. 62.50% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have issued reports on CRH shares. HSBC started coverage on CRH in a research note on Monday, November 11th. They issued a “buy” rating and a $116.00 price target for the company. Truist Financial increased their price target on CRH from $110.00 to $120.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. DA Davidson increased their price objective on shares of CRH from $110.00 to $120.00 and gave the company a “buy” rating in a report on Monday, November 11th. Citigroup dropped 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. Finally, Barclays began coverage on shares of CRH in a report on Tuesday, October 29th. They set an “overweight” rating and a $110.00 price objective for the company. One research analyst has rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $107.75.

CRH Stock Down 1.7 %

CRH stock opened at $103.44 on Friday. CRH plc has a 52-week low of $71.18 and a 52-week high of $105.58. The company’s 50 day moving average is $97.10 and its two-hundred day moving average is $92.86. The firm has a market cap of $70.26 billion, a PE ratio of 20.69, a price-to-earnings-growth ratio of 1.18 and a beta of 1.30.

About CRH

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.