Rhumbline Advisers Lowers Stock Holdings in CRH plc (NYSE:CRH)

Rhumbline Advisers reduced its position in CRH plc (NYSE:CRH) by 0.2% in the 4th quarter, Holdings Channel reports. The fund owned 735,604 shares of the construction company’s stock after selling 1,357 shares during the period. Rhumbline Advisers’ holdings in CRH were worth $68,058,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Arkadios Wealth Advisors grew its stake in CRH by 4.9% in the 4th quarter. Arkadios Wealth Advisors now owns 2,335 shares of the construction company’s stock worth $216,000 after acquiring an additional 109 shares during the period. Lindbrook Capital LLC boosted its holdings in shares of CRH by 2.9% in the 3rd quarter. Lindbrook Capital LLC now owns 4,815 shares of the construction company’s stock valued at $447,000 after purchasing an additional 135 shares during the last quarter. MassMutual Private Wealth & Trust FSB boosted its holdings in shares of CRH by 18.3% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 971 shares of the construction company’s stock valued at $90,000 after purchasing an additional 150 shares during the last quarter. Manitou Investment Management Ltd. boosted its holdings in shares of CRH by 1.4% in the 4th quarter. Manitou Investment Management Ltd. now owns 11,203 shares of the construction company’s stock valued at $1,037,000 after purchasing an additional 160 shares during the last quarter. Finally, Baillie Gifford & Co. boosted its holdings in shares of CRH by 70.7% in 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. 62.50% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

CRH has been the topic of a number of research analyst reports. StockNews.com upgraded shares of CRH from a “hold” rating to a “buy” rating in a report on Monday, November 11th. Hsbc Global Res upgraded shares of CRH to a “strong-buy” rating in a report on Monday, November 11th. HSBC initiated coverage on shares of CRH in a report on Monday, November 11th. They set a “buy” rating and a $116.00 target price on the stock. Morgan Stanley lifted their target price on shares of CRH from $95.00 to $104.00 and gave the company an “overweight” rating in a report on Monday, November 11th. Finally, Barclays began coverage on shares of CRH in a report on Tuesday, October 29th. They issued an “overweight” rating and a $110.00 price objective on the stock. One investment analyst has rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, CRH currently has an average rating of “Buy” and an average target price of $107.75.

CRH Trading Up 1.7 %

Shares of NYSE:CRH opened at $108.31 on Monday. The company has a 50 day moving average of $97.30 and a 200-day moving average of $93.75. The firm has a market cap of $73.57 billion, a P/E ratio of 21.66, a P/E/G ratio of 1.18 and a beta of 1.30. CRH plc has a twelve month low of $71.18 and a twelve month high of $108.39.

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.