Coyle Financial Counsel LLC Cuts Stock Holdings in CRH plc (NYSE:CRH)

Coyle Financial Counsel LLC reduced its position in shares of CRH plc (NYSE:CRH) by 5.2% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 26,119 shares of the construction company’s stock after selling 1,433 shares during the period. CRH makes up approximately 0.8% of Coyle Financial Counsel LLC’s portfolio, making the stock its 21st largest position. Coyle Financial Counsel LLC’s holdings in CRH were worth $2,417,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Arkadios Wealth Advisors increased its holdings in CRH by 4.9% in the fourth quarter. Arkadios Wealth Advisors now owns 2,335 shares of the construction company’s stock valued at $216,000 after buying an additional 109 shares in the last quarter. Lindbrook Capital LLC increased its holdings in CRH by 2.9% in the third quarter. Lindbrook Capital LLC now owns 4,815 shares of the construction company’s stock valued at $447,000 after buying an additional 135 shares in the last quarter. MassMutual Private Wealth & Trust FSB increased its holdings in CRH by 18.3% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 971 shares of the construction company’s stock valued at $90,000 after buying an additional 150 shares in the last quarter. Manitou Investment Management Ltd. increased its holdings in CRH by 1.4% in the fourth quarter. Manitou Investment Management Ltd. now owns 11,203 shares of the construction company’s stock valued at $1,037,000 after buying an additional 160 shares in the last quarter. Finally, Baillie Gifford & Co. increased its holdings in CRH by 70.7% in the third quarter. Baillie Gifford & Co. now owns 391 shares of the construction company’s stock valued at $36,000 after buying an additional 162 shares in the last quarter. 62.50% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. JPMorgan Chase & Co. increased their target price on shares of CRH from $114.00 to $116.00 and gave the company an “overweight” rating in a report on Wednesday, November 20th. StockNews.com lowered shares of CRH from a “buy” rating to a “hold” rating in a research report on Wednesday, February 19th. HSBC began coverage on shares of CRH in a research report on Monday, November 11th. They issued a “buy” rating and a $116.00 price target on the stock. DA Davidson increased their price target on shares of CRH from $110.00 to $120.00 and gave the company a “buy” rating in a research report on Monday, November 11th. Finally, Barclays began coverage on shares of CRH in a research report on Tuesday, October 29th. They issued an “overweight” rating and a $110.00 price target on the stock. Two equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $107.75.

CRH Stock Performance

Shares of NYSE CRH opened at $100.36 on Tuesday. CRH plc has a 1 year low of $71.18 and a 1 year high of $110.97. The firm’s 50 day moving average price is $98.02 and its 200 day moving average price is $94.89. The firm has a market cap of $68.16 billion, a P/E ratio of 20.07, a price-to-earnings-growth ratio of 1.15 and a beta of 1.30.

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.