CRH plc (NYSE:CRH) Shares Sold by Coyle Financial Counsel LLC

Coyle Financial Counsel LLC lowered its position in shares of CRH plc (NYSE:CRH) by 5.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 26,119 shares of the construction company’s stock after selling 1,433 shares during the period. CRH accounts for approximately 0.8% of Coyle Financial Counsel LLC’s portfolio, making the stock its 21st largest position. Coyle Financial Counsel LLC’s holdings in CRH were worth $2,417,000 at the end of the most recent quarter.

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

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. Truist Financial upped their price objective on shares of CRH from $110.00 to $120.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Barclays assumed coverage on shares of CRH in a research note on Tuesday, October 29th. They issued an “overweight” rating and a $110.00 price objective for the company. JPMorgan Chase & Co. upped their price objective on shares of CRH from $114.00 to $116.00 and gave the company an “overweight” rating in a research note on Wednesday, November 20th. StockNews.com downgraded shares of CRH from a “buy” rating to a “hold” rating in a research note on Wednesday, February 19th. Finally, DA Davidson upped their price objective on shares of CRH from $110.00 to $120.00 and gave the company a “buy” rating in a research note on Monday, November 11th. Two investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $107.75.

CRH Stock Performance

Shares of CRH opened at $100.36 on Tuesday. CRH plc has a fifty-two week low of $71.18 and a fifty-two week high of $110.97. The company has a market capitalization of $68.16 billion, a price-to-earnings ratio of 20.07, a price-to-earnings-growth ratio of 1.15 and a beta of 1.30. The firm has a 50-day simple moving average of $98.02 and a 200-day simple moving average of $94.89.

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.