Ieq Capital LLC Acquires 56,492 Shares of CRH plc (NYSE:CRH)

Ieq Capital LLC raised its holdings in shares of CRH plc (NYSE:CRH) by 1,548.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 60,140 shares of the construction company’s stock after acquiring an additional 56,492 shares during the quarter. Ieq Capital LLC’s holdings in CRH were worth $5,564,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Deseret Mutual Benefit Administrators purchased a new position in shares of CRH during the 3rd quarter valued at $25,000. Heck Capital Advisors LLC purchased a new position in shares of CRH during the 4th quarter valued at $32,000. Meeder Asset Management Inc. purchased a new position in shares of CRH during the 3rd quarter valued at $35,000. Baillie Gifford & Co. grew its position in shares of CRH by 70.7% during the 3rd quarter. Baillie Gifford & Co. now owns 391 shares of the construction company’s stock valued at $36,000 after purchasing an additional 162 shares in the last quarter. Finally, Spire Wealth Management purchased a new position in shares of CRH during the 4th quarter valued at $57,000. Institutional investors own 62.50% of the company’s stock.

CRH Trading Down 2.3 %

Shares of NYSE:CRH opened at $100.26 on Friday. The stock’s 50-day moving average price is $97.97 and its 200-day moving average price is $94.52. CRH plc has a 12-month low of $71.18 and a 12-month high of $110.97. The stock has a market capitalization of $68.09 billion, a P/E ratio of 20.05, a price-to-earnings-growth ratio of 1.19 and a beta of 1.30.

Analysts Set New Price Targets

CRH has been the subject of several research reports. HSBC initiated coverage on shares of CRH in a research report on Monday, November 11th. They issued a “buy” rating and a $116.00 target price for the company. Morgan Stanley upped their target price on shares of CRH from $95.00 to $104.00 and gave the stock an “overweight” rating in a research report on Monday, November 11th. JPMorgan Chase & Co. upped their target price on shares of CRH from $114.00 to $116.00 and gave the stock an “overweight” rating in a research 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. Finally, DA Davidson upped their target price on shares of CRH from $110.00 to $120.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Two equities research 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’s stock. Based on data from MarketBeat, CRH currently has an average rating of “Moderate Buy” and an average price target 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.