CRH plc (NYSE:CRH) Shares Purchased by Global Retirement Partners LLC

Global Retirement Partners LLC grew its stake in CRH plc (NYSE:CRH) by 77.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,929 shares of the construction company’s stock after acquiring an additional 1,715 shares during the quarter. Global Retirement Partners LLC’s holdings in CRH were worth $363,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in CRH. Deseret Mutual Benefit Administrators acquired a new position in shares of CRH in the third quarter valued at approximately $25,000. Heck Capital Advisors LLC purchased a new stake in CRH in the 4th quarter worth approximately $32,000. Meeder Asset Management Inc. acquired a new position in CRH in the 3rd quarter valued at $35,000. Baillie Gifford & Co. lifted its stake in shares of CRH by 70.7% during the 3rd quarter. Baillie Gifford & Co. now owns 391 shares of the construction company’s stock worth $36,000 after purchasing an additional 162 shares during the period. Finally, Spire Wealth Management acquired a new stake in shares of CRH during the fourth quarter worth $57,000. Institutional investors and hedge funds own 62.50% of the company’s stock.

Analyst Ratings Changes

CRH has been the subject of several analyst reports. Morgan Stanley upped their target price on CRH from $95.00 to $104.00 and gave the company an “overweight” rating in a research note on Monday, November 11th. StockNews.com downgraded shares of CRH from a “buy” rating to a “hold” rating in a research note on Wednesday, February 19th. Barclays assumed coverage on shares of CRH in a research report on Tuesday, October 29th. They issued an “overweight” rating and a $110.00 target price on the stock. JPMorgan Chase & Co. upped their price target on shares of CRH from $114.00 to $116.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 20th. Finally, HSBC initiated coverage on shares of CRH in a report on Monday, November 11th. They issued a “buy” rating and a $116.00 price target on the stock. Two investment 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 stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $107.75.

CRH Price Performance

Shares of CRH opened at $100.36 on Tuesday. CRH plc has a 12 month low of $71.18 and a 12 month high of $110.97. The stock’s 50-day moving average is $98.02 and its two-hundred day moving average is $94.89. The stock has a market cap of $68.16 billion, a PE ratio of 20.07, a P/E/G ratio of 1.15 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.