Oppenheimer Asset Management Inc. Sells 7,897 Shares of CRH plc (NYSE:CRH)

Oppenheimer Asset Management Inc. lowered its position in CRH plc (NYSE:CRH) by 3.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 233,115 shares of the construction company’s stock after selling 7,897 shares during the period. Oppenheimer Asset Management Inc.’s holdings in CRH were worth $21,568,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of CRH. Arkadios Wealth Advisors raised its holdings in shares of CRH by 4.9% during the 4th quarter. Arkadios Wealth Advisors now owns 2,335 shares of the construction company’s stock worth $216,000 after acquiring an additional 109 shares in the last quarter. Lindbrook Capital LLC increased its position in CRH by 2.9% in the third quarter. Lindbrook Capital LLC now owns 4,815 shares of the construction company’s stock worth $447,000 after purchasing an additional 135 shares during the last quarter. MassMutual Private Wealth & Trust FSB raised its stake in CRH by 18.3% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 971 shares of the construction company’s stock valued at $90,000 after purchasing an additional 150 shares in the last quarter. Manitou Investment Management Ltd. raised its stake in CRH by 1.4% during the fourth quarter. Manitou Investment Management Ltd. now owns 11,203 shares of the construction company’s stock valued at $1,037,000 after purchasing an additional 160 shares in the last quarter. Finally, Baillie Gifford & Co. grew its position in CRH by 70.7% in the third quarter. Baillie Gifford & Co. now owns 391 shares of the construction company’s stock worth $36,000 after acquiring an additional 162 shares in the last quarter. Hedge funds and other institutional investors own 62.50% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on CRH shares. Citigroup decreased 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. StockNews.com raised CRH from a “hold” rating to a “buy” rating in a research note on Thursday. DA Davidson raised their price target on CRH from $110.00 to $120.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. Hsbc Global Res raised CRH to a “strong-buy” rating in a research note on Monday, November 11th. Finally, HSBC initiated coverage on CRH in a research note on Monday, November 11th. They set a “buy” rating and a $116.00 price target for the company. One research 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. According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $107.75.

CRH Trading Up 2.0 %

CRH opened at $102.26 on Thursday. The firm has a market cap of $69.46 billion, a price-to-earnings ratio of 20.45, a PEG ratio of 1.15 and a beta of 1.30. CRH plc has a 12 month low of $71.18 and a 12 month high of $110.97. The stock has a fifty day moving average price of $98.25 and a 200-day moving average price of $95.07.

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.