Parcion Private Wealth LLC Lowers Holdings in CRH plc (NYSE:CRH)

Parcion Private Wealth LLC lowered its stake in CRH plc (NYSE:CRH - Free Report) by 14.1% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 61,014 shares of the construction company's stock after selling 10,020 shares during the quarter. Parcion Private Wealth LLC's holdings in CRH were worth $5,645,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Boston Financial Mangement LLC lifted its position in shares of CRH by 1.3% in the fourth quarter. Boston Financial Mangement LLC now owns 270,768 shares of the construction company's stock worth $25,051,000 after buying an additional 3,531 shares in the last quarter. Ieq Capital LLC increased its stake in CRH by 1,548.6% in the 4th quarter. Ieq Capital LLC now owns 60,140 shares of the construction company's stock worth $5,564,000 after acquiring an additional 56,492 shares during the last quarter. Private Advisor Group LLC raised its holdings in shares of CRH by 5.7% during the 4th quarter. Private Advisor Group LLC now owns 6,760 shares of the construction company's stock worth $625,000 after acquiring an additional 362 shares in the last quarter. Global Retirement Partners LLC raised its holdings in shares of CRH by 77.5% during the 4th quarter. Global Retirement Partners LLC now owns 3,929 shares of the construction company's stock worth $363,000 after acquiring an additional 1,715 shares in the last quarter. Finally, Convergence Investment Partners LLC bought a new position in shares of CRH during the 4th quarter valued at approximately $882,000. Institutional investors own 62.50% of the company's stock.

CRH Trading Down 2.3 %

Shares of NYSE CRH traded down $2.33 during midday trading on Friday, hitting $100.26. The company's stock had a trading volume of 7,263,437 shares, compared to its average volume of 4,189,201. The business's 50 day moving average is $97.93 and its two-hundred day moving average is $94.36. CRH plc has a 12-month low of $71.18 and a 12-month high of $110.97. The firm has a market cap of $68.09 billion, a P/E ratio of 20.05, a price-to-earnings-growth ratio of 1.19 and a beta of 1.30.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on CRH. Barclays assumed coverage on shares of CRH in a research report on Tuesday, October 29th. They issued an "overweight" rating and a $110.00 price target on the stock. Truist Financial upped their target price on shares of CRH from $110.00 to $120.00 and gave the company a "buy" rating in a research report on Friday, November 8th. JPMorgan Chase & Co. lifted their price target on CRH from $114.00 to $116.00 and gave the stock an "overweight" rating in a research report on Wednesday, November 20th. HSBC began coverage on CRH in a research note on Monday, November 11th. They set a "buy" rating and a $116.00 price objective on the stock. Finally, Morgan Stanley raised their price objective on CRH from $95.00 to $104.00 and gave the company an "overweight" rating in a research note on Monday, November 11th. Two equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, CRH currently has a consensus rating of "Moderate Buy" and an average price target 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.