Seelaus Asset Management LLC Raises Position in CRH plc (NYSE:CRH)

Seelaus Asset Management LLC boosted its position in CRH plc (NYSE:CRH) by 1.9% in the 4th quarter, Holdings Channel reports. The institutional investor owned 19,244 shares of the construction company’s stock after buying an additional 350 shares during the period. CRH accounts for approximately 1.6% of Seelaus Asset Management LLC’s holdings, making the stock its 10th biggest holding. Seelaus Asset Management LLC’s holdings in CRH were worth $1,780,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Deseret Mutual Benefit Administrators bought a new position in shares of CRH in the 3rd quarter worth about $25,000. UMB Bank n.a. raised its stake in CRH by 72.7% during the third quarter. UMB Bank n.a. now owns 297 shares of the construction company’s stock worth $28,000 after acquiring an additional 125 shares during the period. Heck Capital Advisors LLC bought a new position in CRH in the fourth quarter worth about $32,000. Meeder Asset Management Inc. acquired a new position in CRH in the third quarter valued at approximately $35,000. Finally, Baillie Gifford & Co. grew its holdings in shares of 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 during the last quarter. Institutional investors and hedge funds own 62.50% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on CRH shares. StockNews.com raised CRH from a “hold” rating to a “buy” rating in a report on Monday, November 11th. Truist Financial raised their target price on CRH from $110.00 to $120.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Citigroup lowered their price target on shares of CRH from $120.00 to $115.00 and set a “buy” rating for the company in a research report on Monday, January 6th. Morgan Stanley lifted 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. Finally, Hsbc Global Res raised shares of CRH to a “strong-buy” rating in a research note on Monday, November 11th. One analyst has rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, CRH currently has an average rating of “Buy” and an average target price of $107.75.

CRH Price Performance

NYSE CRH opened at $103.44 on Friday. CRH plc has a 12 month low of $71.18 and a 12 month high of $105.58. The firm has a market capitalization of $70.25 billion, a PE ratio of 20.69, a P/E/G ratio of 1.18 and a beta of 1.30. The company’s 50 day simple moving average is $97.10 and its 200 day simple moving average is $92.86.

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.