K.J. Harrison & Partners Inc Sells 2,050 Shares of CRH plc (NYSE:CRH)

K.J. Harrison & Partners Inc lowered its holdings in CRH plc (NYSE:CRH) by 2.3% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 85,820 shares of the construction company’s stock after selling 2,050 shares during the quarter. CRH makes up about 1.2% of K.J. Harrison & Partners Inc’s investment portfolio, making the stock its 18th largest holding. K.J. Harrison & Partners Inc’s holdings in CRH were worth $7,956,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in CRH. Lineweaver Wealth Advisors LLC purchased a new stake in CRH in the fourth quarter worth $227,000. Whipplewood Advisors LLC bought a new position in CRH in the 4th quarter worth $38,000. National Pension Service lifted its position in shares of CRH by 13.5% in the 4th quarter. National Pension Service now owns 1,983,351 shares of the construction company’s stock worth $183,500,000 after purchasing an additional 236,212 shares during the period. Lingotto Investment Management LLP bought a new stake in shares of CRH during the 4th quarter valued at about $5,515,000. Finally, Illinois Municipal Retirement Fund bought a new stake in shares of CRH during the 4th quarter valued at about $683,000. 62.50% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on CRH shares. Hsbc Global Res raised shares of CRH to a “strong-buy” rating in a research note on Monday, November 11th. DA Davidson increased their target price on CRH from $110.00 to $120.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Morgan Stanley lifted their price target on CRH from $95.00 to $104.00 and gave the company an “overweight” rating in a research report on Monday, November 11th. HSBC began coverage on CRH in a report on Monday, November 11th. They issued a “buy” rating and a $116.00 price objective for the company. Finally, StockNews.com upgraded shares of CRH from a “hold” rating to a “buy” rating in a report on Thursday. One equities research analyst has rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, CRH presently has a consensus rating of “Buy” and an average price target of $107.75.

CRH Price Performance

Shares of CRH stock opened at $102.26 on Thursday. CRH plc has a 1 year low of $71.18 and a 1 year high of $110.97. The firm’s 50-day moving average is $98.25 and its 200 day moving average is $95.07. The stock has a market cap of $69.46 billion, a price-to-earnings ratio of 20.45, a PEG ratio of 1.15 and a beta of 1.30.

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.