Hi Line Capital Management LLC Sells 439 Shares of CRH plc (NYSE:CRH)

Hi Line Capital Management LLC lowered its position in shares of CRH plc (NYSE:CRH) by 0.6% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 69,451 shares of the construction company’s stock after selling 439 shares during the period. CRH comprises about 2.8% of Hi Line Capital Management LLC’s portfolio, making the stock its 13th biggest position. Hi Line Capital Management LLC’s holdings in CRH were worth $6,426,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Deseret Mutual Benefit Administrators bought a new stake in CRH during the 3rd quarter worth $25,000. Heck Capital Advisors LLC bought a new stake in CRH during the 4th quarter worth $32,000. Meeder Asset Management Inc. bought a new stake in CRH during the 3rd quarter worth $35,000. Baillie Gifford & Co. grew its position in 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 acquiring an additional 162 shares during the last quarter. Finally, Spire Wealth Management bought a new stake in CRH during the 4th quarter worth $57,000. Institutional investors own 62.50% of the company’s stock.

CRH Price Performance

Shares of CRH stock opened at $100.26 on Monday. CRH plc has a one year low of $71.18 and a one year high of $110.97. The stock’s 50-day moving average is $97.97 and its 200 day moving average is $94.76. The firm has a market cap of $68.09 billion, a price-to-earnings ratio of 20.05, a PEG ratio of 1.15 and a beta of 1.30.

Wall Street Analyst Weigh In

A number of research firms have commented on CRH. JPMorgan Chase & Co. upped their price target on CRH from $114.00 to $116.00 and gave the company an “overweight” rating in a research report on Wednesday, November 20th. DA Davidson upped their price target on CRH from $110.00 to $120.00 and gave the company a “buy” rating in a research report on Monday, November 11th. StockNews.com lowered CRH from a “buy” rating to a “hold” rating in a research report on Wednesday, February 19th. Truist Financial upped their price target on CRH from $110.00 to $120.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Finally, Hsbc Global Res upgraded CRH to a “strong-buy” rating in a research report on Monday, November 11th. Two analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $107.75.

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.