Stratos Investment Management LLC Boosts Stake in CRH plc (NYSE:CRH)

Stratos Investment Management LLC increased its position in CRH plc (NYSE:CRH - Free Report) by 38.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 63,709 shares of the construction company's stock after purchasing an additional 17,796 shares during the quarter. Stratos Investment Management LLC's holdings in CRH were worth $5,894,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the business. Deseret Mutual Benefit Administrators acquired a new position in shares of CRH in the 3rd quarter valued at about $25,000. UMB Bank n.a. lifted its holdings in CRH by 72.7% in the 3rd quarter. UMB Bank n.a. now owns 297 shares of the construction company's stock valued at $28,000 after purchasing an additional 125 shares in the last quarter. Heck Capital Advisors LLC purchased 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 valued at approximately $35,000. Finally, Baillie Gifford & Co. raised 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 acquiring an additional 162 shares during the period. Hedge funds and other institutional investors own 62.50% of the company's stock.

Analyst Upgrades and Downgrades

CRH has been the topic of several research analyst reports. StockNews.com upgraded shares of CRH from a "hold" rating to a "buy" rating in a report on Monday, November 11th. JPMorgan Chase & Co. lifted their target price on CRH from $114.00 to $116.00 and gave the stock an "overweight" rating in a research report on Wednesday, November 20th. Citigroup dropped their price objective on shares of CRH from $120.00 to $115.00 and set a "buy" rating on the stock in a research note on Monday, January 6th. DA Davidson boosted their price target on shares of CRH from $110.00 to $120.00 and gave the stock a "buy" rating in a research note on Monday, November 11th. Finally, Truist Financial lifted their price objective on CRH from $110.00 to $120.00 and gave the company a "buy" rating in a report on Friday, November 8th. One analyst has rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of "Buy" and an average price target of $107.75.

CRH Stock Down 1.7 %

NYSE CRH traded down $1.75 during mid-day trading on Friday, hitting $103.44. The stock had a trading volume of 4,705,962 shares, compared to its average volume of 3,413,659. The company has a 50 day simple moving average of $97.10 and a 200 day simple moving average of $92.86. The company has a market cap of $70.26 billion, a price-to-earnings ratio of 20.69, a P/E/G ratio of 1.18 and a beta of 1.30. CRH plc has a 52-week low of $71.18 and a 52-week high of $105.58.

CRH 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.