CRH plc (NYSE:CRH) Shares Purchased by Boston Financial Mangement LLC

Boston Financial Mangement LLC raised its position in CRH plc (NYSE:CRH) by 1.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 270,768 shares of the construction company’s stock after purchasing an additional 3,531 shares during the quarter. Boston Financial Mangement LLC’s holdings in CRH were worth $25,051,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Deseret Mutual Benefit Administrators acquired a new position in CRH in the third quarter valued at approximately $25,000. Heck Capital Advisors LLC acquired a new position in shares of CRH in the 4th quarter valued at $32,000. Meeder Asset Management Inc. acquired a new position in shares of CRH in the 3rd quarter valued at $35,000. Baillie Gifford & Co. grew its holdings 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 position in CRH in the fourth quarter valued at about $57,000. Hedge funds and other institutional investors own 62.50% of the company’s stock.

CRH Stock Performance

CRH stock opened at $106.00 on Thursday. The company’s 50 day moving average price is $97.85 and its 200 day moving average price is $94.30. The firm has a market capitalization of $71.99 billion, a price-to-earnings ratio of 21.20, a PEG ratio of 1.21 and a beta of 1.30. CRH plc has a fifty-two week low of $71.18 and a fifty-two week high of $110.97.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. 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 research report on Monday, November 11th. DA Davidson increased their price objective on shares of CRH from $110.00 to $120.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. JPMorgan Chase & Co. boosted their target price on CRH from $114.00 to $116.00 and gave the company an “overweight” rating in a research report on Wednesday, November 20th. Hsbc Global Res upgraded CRH to a “strong-buy” rating in a research report on Monday, November 11th. Finally, Citigroup cut their price objective on CRH from $120.00 to $115.00 and set a “buy” rating on the stock in a report on Monday, January 6th. Two equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $107.75.

CRH Company 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.