Boston Financial Mangement LLC Boosts Stake in CRH plc (NYSE:CRH)

Boston Financial Mangement LLC grew its stake in CRH plc (NYSE:CRH - Free Report) by 1.3% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 270,768 shares of the construction company's stock after buying 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 filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Arkadios Wealth Advisors lifted its position in shares of CRH by 4.9% during the 4th quarter. Arkadios Wealth Advisors now owns 2,335 shares of the construction company's stock worth $216,000 after buying an additional 109 shares during the last quarter. Lindbrook Capital LLC raised its stake in CRH by 2.9% during the 3rd quarter. Lindbrook Capital LLC now owns 4,815 shares of the construction company's stock worth $447,000 after acquiring an additional 135 shares in the last quarter. MassMutual Private Wealth & Trust FSB raised its stake in CRH by 18.3% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 971 shares of the construction company's stock worth $90,000 after acquiring an additional 150 shares in the last quarter. Manitou Investment Management Ltd. lifted its position in CRH by 1.4% in the fourth quarter. Manitou Investment Management Ltd. now owns 11,203 shares of the construction company's stock valued at $1,037,000 after acquiring an additional 160 shares during the last quarter. Finally, Baillie Gifford & Co. boosted its stake in CRH by 70.7% in 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 and hedge funds.

CRH Stock Performance

Shares of NYSE:CRH traded down $2.33 during midday trading on Friday, hitting $100.26. 7,263,437 shares of the company's stock traded hands, compared to its average volume of 4,189,201. The firm's fifty day moving average price is $97.93 and its two-hundred day moving average price is $94.36. CRH plc has a twelve month low of $71.18 and a twelve month high of $110.97. The company has a market cap of $68.09 billion, a PE ratio of 20.05, a P/E/G ratio of 1.19 and a beta of 1.30.

Analyst Ratings Changes

A number of research firms recently issued reports on CRH. Truist Financial raised 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. Barclays started coverage on shares of CRH in a research report on Tuesday, October 29th. They set an "overweight" rating and a $110.00 target price on the stock. StockNews.com downgraded shares of CRH from a "buy" rating to a "hold" rating in a research report on Wednesday. Morgan Stanley raised their price objective on shares of CRH from $95.00 to $104.00 and gave the stock an "overweight" rating in a research report on Monday, November 11th. Finally, JPMorgan Chase & Co. upped their target price on shares of CRH from $114.00 to $116.00 and gave the company an "overweight" rating in a report on Wednesday, November 20th. Two investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average 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.