CRH (NYSE:CRH) Upgraded at StockNews.com

CRH (NYSE:CRH) was upgraded by equities research analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a research report issued to clients and investors on Wednesday.

Several other research analysts have also recently commented on CRH. Vertical Research initiated coverage on CRH in a research note on Friday, March 22nd. They set a “buy” rating and a $105.00 target price for the company. Truist Financial lifted their price target on CRH from $81.00 to $95.00 and gave the stock a “buy” rating in a report on Monday, March 4th. DA Davidson began coverage on CRH in a report on Friday, January 19th. They issued a “buy” rating and a $82.00 price objective on the stock. Finally, Jefferies Financial Group upped their price target on CRH from $89.70 to $100.00 and gave the company a “buy” rating in a report on Monday, March 4th. One research analyst has rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $74.64.

CRH Stock Performance

Shares of NYSE:CRH traded down $1.18 during trading on Wednesday, hitting $86.02. The company’s stock had a trading volume of 2,319,614 shares, compared to its average volume of 3,825,567. CRH has a fifty-two week low of $46.84 and a fifty-two week high of $88.00. The business has a 50 day moving average price of $77.77 and a two-hundred day moving average price of $66.62.

Hedge Funds Weigh In On CRH

Hedge funds have recently bought and sold shares of the company. Orion Capital Management LLC raised its position in shares of CRH by 100.0% during the 4th quarter. Orion Capital Management LLC now owns 400 shares of the construction company’s stock worth $28,000 after purchasing an additional 200 shares during the last quarter. Pinnacle Bancorp Inc. acquired a new position in shares of CRH in the fourth quarter worth $30,000. UMB Bank n.a. purchased a new stake in shares of CRH in the fourth quarter valued at $33,000. WASHINGTON TRUST Co acquired a new stake in shares of CRH during the fourth quarter valued at $35,000. Finally, Chilton Capital Management LLC purchased a new stake in CRH during the 4th quarter worth about $35,000. 62.50% of the stock is owned by hedge funds and other institutional investors.

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.