CRH plc (NYSE:CRH) is Seelaus Asset Management LLC’s 10th Largest Position

Seelaus Asset Management LLC lifted its position in shares of CRH plc (NYSE:CRH) by 1.9% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 19,244 shares of the construction company’s stock after buying an additional 350 shares during the quarter. CRH makes up about 1.6% of Seelaus Asset Management LLC’s holdings, making the stock its 10th largest position. Seelaus Asset Management LLC’s holdings in CRH were worth $1,780,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Deseret Mutual Benefit Administrators purchased a new stake in shares of CRH in the third quarter valued at $25,000. UMB Bank n.a. raised its stake in CRH by 72.7% in 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 last quarter. Heck Capital Advisors LLC acquired a new position in CRH in the 4th quarter valued at about $32,000. Meeder Asset Management Inc. purchased a new position in CRH in the 3rd quarter valued at about $35,000. Finally, Baillie Gifford & Co. boosted 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 worth $36,000 after purchasing an additional 162 shares during the last quarter. 62.50% of the stock is currently owned by hedge funds and other institutional investors.

CRH Stock Down 1.7 %

Shares of CRH stock opened at $103.44 on Friday. CRH plc has a fifty-two week low of $71.18 and a fifty-two week high of $105.58. The firm’s 50 day moving average price is $97.10 and its two-hundred day moving average price is $92.86. The stock has a market cap of $70.25 billion, a price-to-earnings ratio of 20.69, a price-to-earnings-growth ratio of 1.18 and a beta of 1.30.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on CRH shares. Morgan Stanley boosted their price objective on shares of CRH from $95.00 to $104.00 and gave the company an “overweight” rating in a research report on Monday, November 11th. JPMorgan Chase & Co. increased their price target on CRH from $114.00 to $116.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 20th. Citigroup lowered their price objective on CRH from $120.00 to $115.00 and set a “buy” rating for the company in a research report on Monday, January 6th. HSBC initiated coverage on CRH in a research note on Monday, November 11th. They issued a “buy” rating and a $116.00 price target on the stock. Finally, Barclays initiated coverage on shares of CRH in a research note on Tuesday, October 29th. They set an “overweight” rating and a $110.00 price objective for the company. One analyst has rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus 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.