Summit Trail Advisors LLC Invests $207,000 in CRH plc (NYSE:CRH)

Summit Trail Advisors LLC acquired a new stake in shares of CRH plc (NYSE:CRH) in the fourth quarter, Holdings Channel reports. The fund acquired 2,238 shares of the construction company’s stock, valued at approximately $207,000.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. CWM LLC grew its position in shares of CRH by 91.2% during the third quarter. CWM LLC now owns 4,064 shares of the construction company’s stock worth $377,000 after acquiring an additional 1,938 shares during the last quarter. UMB Bank n.a. boosted its stake in CRH by 72.7% during the 3rd quarter. UMB Bank n.a. now owns 297 shares of the construction company’s stock valued at $28,000 after purchasing an additional 125 shares during the period. Valeo Financial Advisors LLC bought a new position in CRH in the 3rd quarter worth about $225,000. Procyon Advisors LLC acquired a new stake in shares of CRH in the third quarter valued at approximately $201,000. Finally, Swedbank AB raised its holdings in shares of CRH by 68.7% during the third quarter. Swedbank AB now owns 170,442 shares of the construction company’s stock valued at $15,807,000 after buying an additional 69,418 shares during the last quarter. 62.50% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts recently issued reports on CRH shares. Barclays began coverage on CRH in a report on Tuesday, October 29th. They issued an “overweight” rating and a $110.00 price objective for the company. Truist Financial increased 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. JPMorgan Chase & Co. lifted 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 upgraded shares of CRH from a “hold” rating to a “buy” rating in a research report on Monday, November 11th. Finally, Hsbc Global Res upgraded shares of CRH to a “strong-buy” rating in a research report on Monday, November 11th. One equities 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’s stock. According to data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $107.75.

CRH Price Performance

CRH stock opened at $104.33 on Thursday. The firm has a market cap of $70.86 billion, a PE ratio of 20.87, a P/E/G ratio of 1.18 and a beta of 1.30. CRH plc has a 12 month low of $71.18 and a 12 month high of $105.58. The firm has a 50 day simple moving average of $97.10 and a 200 day simple moving average of $93.34.

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.