CRH plc (NYSE:CRH) Shares Acquired by Boston Financial Mangement LLC

Boston Financial Mangement LLC boosted its holdings in CRH plc (NYSE:CRH) by 1.3% in the fourth quarter, HoldingsChannel.com reports. The firm owned 270,768 shares of the construction company’s stock after buying an additional 3,531 shares during the quarter. Boston Financial Mangement LLC’s holdings in CRH were worth $25,051,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in CRH. Ieq Capital LLC boosted its holdings in shares of CRH by 1,548.6% in the 4th quarter. Ieq Capital LLC now owns 60,140 shares of the construction company’s stock valued at $5,564,000 after buying an additional 56,492 shares in the last quarter. Private Advisor Group LLC lifted its position in CRH by 5.7% in the fourth quarter. Private Advisor Group LLC now owns 6,760 shares of the construction company’s stock valued at $625,000 after acquiring an additional 362 shares during the last quarter. Global Retirement Partners LLC boosted its stake in CRH by 77.5% in the fourth quarter. Global Retirement Partners LLC now owns 3,929 shares of the construction company’s stock valued at $363,000 after acquiring an additional 1,715 shares in the last quarter. Convergence Investment Partners LLC purchased a new position in shares of CRH during the fourth quarter worth about $882,000. Finally, C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new stake in shares of CRH during the fourth quarter worth about $2,335,000. 62.50% of the stock is currently owned by hedge funds and other institutional investors.

CRH Stock Down 4.1 %

Shares of NYSE:CRH opened at $106.00 on Thursday. CRH plc has a 52 week low of $71.18 and a 52 week high of $110.97. The company has a 50-day moving average price of $97.85 and a 200 day moving average price of $94.30. The company has a market cap of $71.99 billion, a P/E ratio of 21.20, a PEG ratio of 1.21 and a beta of 1.30.

Analysts Set New Price Targets

A number of analysts recently issued reports on CRH shares. JPMorgan Chase & Co. upped their target price on CRH from $114.00 to $116.00 and gave the company an “overweight” rating in a research report on Wednesday, November 20th. Citigroup decreased their price objective on CRH from $120.00 to $115.00 and set a “buy” rating for the company in a report on Monday, January 6th. HSBC started coverage on shares of CRH in a report on Monday, November 11th. They issued a “buy” rating and a $116.00 target price on the stock. Hsbc Global Res raised shares of CRH to a “strong-buy” rating in a research report on Monday, November 11th. Finally, Barclays started coverage on shares of CRH in a research note on Tuesday, October 29th. They issued an “overweight” rating and a $110.00 price objective on the stock. Two research 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. Based on data from MarketBeat, the stock has an average rating of “Moderate 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.