Hi Line Capital Management LLC Has $6.43 Million Stock Holdings in CRH plc (NYSE:CRH)

Hi Line Capital Management LLC lessened its position in CRH plc (NYSE:CRH) by 0.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 69,451 shares of the construction company’s stock after selling 439 shares during the quarter. CRH makes up about 2.8% of Hi Line Capital Management LLC’s portfolio, making the stock its 13th biggest position. Hi Line Capital Management LLC’s holdings in CRH were worth $6,426,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Deseret Mutual Benefit Administrators bought a new position in CRH in the third quarter valued at approximately $25,000. Heck Capital Advisors LLC bought a new position in CRH in the fourth quarter valued at approximately $32,000. Meeder Asset Management Inc. bought a new position in CRH in the third quarter valued at approximately $35,000. Baillie Gifford & Co. grew its stake in CRH by 70.7% in the third quarter. Baillie Gifford & Co. now owns 391 shares of the construction company’s stock valued at $36,000 after purchasing an additional 162 shares in the last quarter. Finally, Spire Wealth Management bought a new position in CRH in the fourth quarter valued at approximately $57,000. Institutional investors and hedge funds own 62.50% of the company’s stock.

CRH Stock Performance

CRH stock opened at $100.26 on Monday. CRH plc has a 52 week low of $71.18 and a 52 week high of $110.97. The stock has a market capitalization of $68.09 billion, a P/E ratio of 20.05, a price-to-earnings-growth ratio of 1.15 and a beta of 1.30. The stock has a fifty day moving average of $97.97 and a 200-day moving average of $94.76.

Analysts Set New Price Targets

CRH has been the subject of several research analyst reports. HSBC initiated coverage on CRH in a research note on Monday, November 11th. They set a “buy” rating and a $116.00 target price for the company. StockNews.com downgraded CRH from a “buy” rating to a “hold” rating in a research note on Wednesday, February 19th. JPMorgan Chase & Co. lifted their price target on CRH from $114.00 to $116.00 and gave the stock an “overweight” rating in a report on Wednesday, November 20th. Citigroup dropped their price target on CRH from $120.00 to $115.00 and set a “buy” rating for the company in a report on Monday, January 6th. Finally, DA Davidson lifted their price target on CRH from $110.00 to $120.00 and gave the stock a “buy” rating in a report on Monday, November 11th. Two investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $107.75.

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.