VisionPoint Advisory Group LLC Decreases Position in CRH plc (NYSE:CRH)

VisionPoint Advisory Group LLC decreased its stake in CRH plc (NYSE:CRH) by 7.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,974 shares of the construction company’s stock after selling 580 shares during the period. VisionPoint Advisory Group LLC’s holdings in CRH were worth $647,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. Wolverine Asset Management LLC boosted its position in shares of CRH by 131.6% in the fourth quarter. Wolverine Asset Management LLC now owns 44,000 shares of the construction company’s stock worth $4,071,000 after buying an additional 25,000 shares during the period. ING Groep NV boosted its position in shares of CRH by 474.0% in the fourth quarter. ING Groep NV now owns 574,000 shares of the construction company’s stock worth $53,106,000 after buying an additional 474,000 shares during the period. Boston Financial Mangement LLC boosted 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 during the period. Ieq Capital LLC boosted its position in shares of CRH by 1,548.6% in the fourth quarter. Ieq Capital LLC now owns 60,140 shares of the construction company’s stock worth $5,564,000 after buying an additional 56,492 shares during the period. Finally, Private Advisor Group LLC boosted its position in shares of CRH by 5.7% in the fourth quarter. Private Advisor Group LLC now owns 6,760 shares of the construction company’s stock worth $625,000 after buying an additional 362 shares during the period. Hedge funds and other institutional investors own 62.50% of the company’s stock.

CRH Trading Down 3.3 %

Shares of CRH stock opened at $102.59 on Friday. The stock has a market capitalization of $69.68 billion, a price-to-earnings ratio of 20.52, a PEG ratio of 1.19 and a beta of 1.30. CRH plc has a twelve month low of $71.18 and a twelve month high of $110.97. The business’s 50 day simple moving average is $97.93 and its 200-day simple moving average is $94.36.

Analyst Upgrades and Downgrades

Several research analysts recently commented on CRH shares. Truist Financial boosted their price target on CRH from $110.00 to $120.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. StockNews.com cut CRH from a “buy” rating to a “hold” rating in a research note on Wednesday. JPMorgan Chase & Co. boosted their price target on CRH from $114.00 to $116.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 20th. Hsbc Global Res upgraded CRH to a “strong-buy” rating in a research note on Monday, November 11th. Finally, 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. Two equities research 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 company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price 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.