Oppenheimer Asset Management Inc. Decreases Stock Holdings in CRH plc (NYSE:CRH)

Oppenheimer Asset Management Inc. lessened its position in CRH plc (NYSE:CRH) by 3.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 233,115 shares of the construction company’s stock after selling 7,897 shares during the period. Oppenheimer Asset Management Inc.’s holdings in CRH were worth $21,568,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Deseret Mutual Benefit Administrators purchased a new position in shares of CRH during the third quarter valued at approximately $25,000. Heck Capital Advisors LLC purchased a new stake in CRH in the fourth quarter worth about $32,000. Meeder Asset Management Inc. bought a new stake in CRH during the 3rd quarter valued at approximately $35,000. Baillie Gifford & Co. grew its holdings in shares of CRH by 70.7% during the 3rd quarter. Baillie Gifford & Co. now owns 391 shares of the construction company’s stock worth $36,000 after acquiring an additional 162 shares during the period. Finally, Whipplewood Advisors LLC bought a new position in shares of CRH in the 4th quarter worth approximately $38,000. 62.50% of the stock is owned by institutional investors.

CRH Trading Up 2.0 %

Shares of NYSE CRH opened at $102.26 on Thursday. CRH plc has a 12-month low of $71.18 and a 12-month high of $110.97. The firm has a market capitalization of $69.46 billion, a price-to-earnings ratio of 20.45, a price-to-earnings-growth ratio of 1.15 and a beta of 1.30. The firm has a 50 day moving average of $98.25 and a 200 day moving average of $95.07.

Analyst Upgrades and Downgrades

CRH has been the topic of several recent research reports. Citigroup reduced their price target on CRH from $120.00 to $115.00 and set a “buy” rating on the stock in a research note on Monday, January 6th. HSBC assumed coverage on shares of CRH in a research note on Monday, November 11th. They issued a “buy” rating and a $116.00 price target for the company. Truist Financial boosted their price objective on shares of CRH from $110.00 to $120.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. 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, Hsbc Global Res upgraded CRH to a “strong-buy” rating in a research note on Monday, November 11th. One research analyst has rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $107.75.

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.