Marks Group Wealth Management Inc Trims Holdings in CRH plc (NYSE:CRH)

Marks Group Wealth Management Inc reduced its stake in CRH plc (NYSE:CRH) by 5.2% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 11,246 shares of the construction company’s stock after selling 614 shares during the quarter. Marks Group Wealth Management Inc’s holdings in CRH were worth $1,040,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of CRH. Compound Global Advisors LLC acquired a new position in shares of CRH during the 4th quarter valued at about $435,000. Essex Financial Services Inc. increased its position in CRH by 18.3% during the fourth quarter. Essex Financial Services Inc. now owns 4,778 shares of the construction company’s stock worth $442,000 after purchasing an additional 739 shares during the last quarter. Summit Trail Advisors LLC purchased a new position in CRH during the fourth quarter worth about $207,000. Savant Capital LLC boosted its holdings in CRH by 17.0% in the 4th quarter. Savant Capital LLC now owns 3,042 shares of the construction company’s stock valued at $281,000 after purchasing an additional 442 shares during the last quarter. Finally, Washburn Capital Management Inc. purchased a new stake in shares of CRH in the 4th quarter valued at approximately $254,000. 62.50% of the stock is owned by institutional investors and hedge funds.

CRH Stock Performance

NYSE CRH opened at $104.33 on Thursday. The firm has a market cap of $70.86 billion, a price-to-earnings ratio of 20.87, a PEG ratio of 1.18 and a beta of 1.30. The firm has a 50 day simple moving average of $97.10 and a 200-day simple moving average of $93.34. CRH plc has a one year low of $71.18 and a one year high of $105.58.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Morgan Stanley lifted their price target 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. Hsbc Global Res upgraded CRH to a “strong-buy” rating in a research report on Monday, November 11th. HSBC started coverage on CRH in a report on Monday, November 11th. They set a “buy” rating and a $116.00 price target for the company. StockNews.com upgraded shares of CRH from a “hold” rating to a “buy” rating in a report on Monday, November 11th. Finally, Barclays initiated coverage on shares of CRH in a research report on Tuesday, October 29th. They issued an “overweight” rating and a $110.00 target price on the stock. One investment 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 stock. According to MarketBeat.com, the company has an average rating of “Buy” and an average price target 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.