Allworth Financial LP Has $606,000 Holdings in CRH plc (NYSE:CRH)

Allworth Financial LP lessened its position in CRH plc (NYSE:CRH - Free Report) by 30.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 6,044 shares of the construction company's stock after selling 2,682 shares during the period. Allworth Financial LP's holdings in CRH were worth $606,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Deseret Mutual Benefit Administrators bought a new position in CRH in the 3rd quarter worth about $25,000. Heck Capital Advisors LLC bought a new position in shares of CRH in the fourth quarter worth about $32,000. Meeder Asset Management Inc. purchased a new stake in shares of CRH in the third quarter worth $35,000. Baillie Gifford & Co. raised its holdings in CRH by 70.7% during 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 during the period. Finally, Spire Wealth Management purchased a new position in CRH in the 4th quarter worth approximately $57,000. Hedge funds and other institutional investors own 62.50% of the company's stock.

CRH Stock Down 2.3 %

NYSE CRH traded down $2.33 during mid-day trading on Friday, hitting $100.26. The stock had a trading volume of 7,263,437 shares, compared to its average volume of 4,189,201. CRH plc has a 52-week low of $71.18 and a 52-week high of $110.97. The company has a 50 day simple moving average of $97.93 and a 200 day simple moving average of $94.36. The company has a market cap of $68.09 billion, a price-to-earnings ratio of 20.05, a P/E/G ratio of 1.19 and a beta of 1.30.

Analyst Ratings Changes

Several research firms have commented on CRH. JPMorgan Chase & Co. increased their price objective on shares of CRH from $114.00 to $116.00 and gave the company an "overweight" rating in a research report on Wednesday, November 20th. Barclays assumed coverage on CRH in a research report on Tuesday, October 29th. They set an "overweight" rating and a $110.00 price target on the stock. StockNews.com downgraded shares of CRH from a "buy" rating to a "hold" rating in a report on Wednesday. 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. Finally, Morgan Stanley raised their target price on CRH from $95.00 to $104.00 and gave the stock an "overweight" rating in a research note on Monday, November 11th. Two 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. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target 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.