Wealth Alliance Sells 321 Shares of CRH plc (NYSE:CRH)

Wealth Alliance cut its stake in shares of CRH plc (NYSE:CRH) by 5.3% in the fourth quarter, HoldingsChannel reports. The fund owned 5,700 shares of the construction company’s stock after selling 321 shares during the period. Wealth Alliance’s holdings in CRH were worth $527,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in CRH. Deseret Mutual Benefit Administrators bought a new position in shares of CRH during the 3rd quarter valued at approximately $25,000. Heck Capital Advisors LLC bought a new position in shares of CRH during the 4th quarter valued at approximately $32,000. Meeder Asset Management Inc. bought a new position in shares of CRH during the 3rd quarter valued at approximately $35,000. Baillie Gifford & Co. grew its stake in shares of CRH by 70.7% during the 3rd quarter. Baillie Gifford & Co. now owns 391 shares of the construction company’s stock valued at $36,000 after acquiring an additional 162 shares during the period. Finally, Spire Wealth Management bought a new position in shares of CRH during the 4th quarter valued at approximately $57,000. 62.50% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts recently commented on CRH shares. JPMorgan Chase & Co. boosted 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. Truist Financial boosted their price target on CRH from $110.00 to $120.00 and gave the stock a “buy” rating in a report on Friday, November 8th. StockNews.com cut CRH from a “buy” rating to a “hold” rating in a report on Wednesday. DA Davidson boosted 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. Finally, Hsbc Global Res raised CRH to a “strong-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 given a strong buy rating to the stock. According to MarketBeat, CRH currently has an average rating of “Moderate Buy” and an average target price of $107.75.

CRH Stock Performance

NYSE CRH opened at $102.59 on Friday. The company has a market cap of $69.68 billion, a P/E ratio of 20.52, a P/E/G ratio of 1.24 and a beta of 1.30. The business’s 50 day moving average price is $97.93 and its 200-day moving average price is $94.36. CRH plc has a fifty-two week low of $71.18 and a fifty-two week high of $110.97.

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.