Summit Trail Advisors LLC Takes Position in CRH plc (NYSE:CRH)

Summit Trail Advisors LLC purchased a new position in shares of CRH plc (NYSE:CRH) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 2,238 shares of the construction company’s stock, valued at approximately $207,000.

Several other large investors have also recently added to or reduced their stakes in the stock. Deseret Mutual Benefit Administrators purchased a new stake in shares of CRH in the third quarter worth about $25,000. UMB Bank n.a. lifted its position in CRH by 72.7% during the 3rd quarter. UMB Bank n.a. now owns 297 shares of the construction company’s stock worth $28,000 after acquiring an additional 125 shares in the last quarter. Heck Capital Advisors LLC purchased a new position in CRH in the 4th quarter worth approximately $32,000. Meeder Asset Management Inc. acquired a new stake in CRH in the third quarter valued at approximately $35,000. Finally, Baillie Gifford & Co. lifted its position in shares of CRH by 70.7% during the third quarter. Baillie Gifford & Co. now owns 391 shares of the construction company’s stock worth $36,000 after purchasing an additional 162 shares in the last quarter. 62.50% of the stock is currently owned by institutional investors and hedge funds.

CRH Price Performance

CRH stock opened at $104.33 on Thursday. CRH plc has a 12 month low of $71.18 and a 12 month high of $105.58. The company has a fifty day moving average price of $97.10 and a two-hundred day moving average price of $93.34. The company has a market cap of $70.86 billion, a PE ratio of 20.87, a P/E/G ratio of 1.18 and a beta of 1.30.

Wall Street Analyst Weigh In

CRH has been the subject of a number of recent analyst reports. Truist Financial raised 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. JPMorgan Chase & Co. raised their target price on CRH from $114.00 to $116.00 and gave the company an “overweight” rating in a research note on Wednesday, November 20th. DA Davidson boosted their price target on CRH from $110.00 to $120.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. HSBC began coverage on CRH in a report on Monday, November 11th. They issued a “buy” rating and a $116.00 price target for the company. Finally, Barclays began coverage on CRH in a report on Tuesday, October 29th. They set an “overweight” rating and a $110.00 price objective on the stock. One research analyst has rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $107.75.

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.