Choreo LLC Reduces Stock Holdings in CRH plc (NYSE:CRH)

Choreo LLC lowered its holdings in shares of CRH plc (NYSE:CRH) by 6.8% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 9,326 shares of the construction company’s stock after selling 685 shares during the quarter. Choreo LLC’s holdings in CRH were worth $862,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Deseret Mutual Benefit Administrators purchased a new stake in CRH during the third quarter valued at approximately $25,000. UMB Bank n.a. grew its position in shares of 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 acquiring an additional 125 shares during the period. Heck Capital Advisors LLC purchased a new stake in shares of CRH in the 4th quarter worth $32,000. Meeder Asset Management Inc. bought a new position in CRH in the 3rd quarter worth $35,000. Finally, Baillie Gifford & Co. lifted its position in CRH by 70.7% during the third quarter. Baillie Gifford & Co. now owns 391 shares of the construction company’s stock valued at $36,000 after purchasing an additional 162 shares in the last quarter. Institutional investors own 62.50% of the company’s stock.

Wall Street Analysts Forecast Growth

CRH has been the topic of several recent research reports. HSBC initiated coverage on CRH in a research note on Monday, November 11th. They issued a “buy” rating and a $116.00 price objective on the stock. Barclays assumed coverage on shares of CRH in a report on Tuesday, October 29th. They set an “overweight” rating and a $110.00 price target on the stock. DA Davidson increased 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 Monday, November 11th. StockNews.com upgraded shares of CRH from a “hold” rating to a “buy” rating in a research note on Monday, November 11th. Finally, Citigroup cut their price target on CRH from $120.00 to $115.00 and set a “buy” rating for the company in a research note on Monday, January 6th. One research analyst has rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, CRH currently has an average rating of “Buy” and an average price target of $107.75.

CRH Trading Down 1.7 %

NYSE:CRH opened at $103.44 on Monday. The business’s 50-day moving average is $97.10 and its 200 day moving average is $92.94. CRH plc has a 12 month low of $71.18 and a 12 month high of $105.58. The company has a market capitalization of $70.26 billion, a P/E ratio of 20.69, a P/E/G ratio of 1.18 and a beta of 1.30.

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.