D.A. Davidson & CO. Boosts Stake in CRH plc (NYSE:CRH)

D.A. Davidson & CO. grew its stake in shares of CRH plc (NYSE:CRH) by 5.0% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 9,199 shares of the construction company’s stock after buying an additional 437 shares during the period. D.A. Davidson & CO.’s holdings in CRH were worth $851,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Deseret Mutual Benefit Administrators purchased a new stake in shares of CRH during the 3rd quarter valued at $25,000. Heck Capital Advisors LLC purchased a new stake in shares of CRH during the 4th quarter valued at $32,000. Meeder Asset Management Inc. purchased a new stake in shares of CRH during 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 valued at $36,000 after purchasing an additional 162 shares during the last quarter. Finally, Spire Wealth Management bought a new position in shares of CRH during the 4th quarter valued at $57,000. Hedge funds and other institutional investors own 62.50% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. DA Davidson increased their target price on shares of CRH from $110.00 to $120.00 and gave the company a “buy” rating in a report on Monday, November 11th. Barclays assumed coverage on shares of CRH in a report on Tuesday, October 29th. They set an “overweight” rating and a $110.00 target price on the stock. Truist Financial increased their target price on shares of CRH from $110.00 to $120.00 and gave the company a “buy” rating in a report on Friday, November 8th. Hsbc Global Res raised shares of CRH to a “strong-buy” rating in a report on Monday, November 11th. Finally, Citigroup reduced their target price on shares of CRH from $120.00 to $115.00 and set a “buy” rating on the stock in a report on Monday, January 6th. Two research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $107.75.

CRH Trading Up 0.0 %

Shares of CRH opened at $100.36 on Tuesday. The firm’s 50-day moving average price is $98.02 and its 200-day moving average price is $94.89. The firm has a market capitalization of $68.16 billion, a price-to-earnings ratio of 20.07, a PEG ratio of 1.15 and a beta of 1.30. CRH plc has a 1-year low of $71.18 and a 1-year high of $110.97.

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.