C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors Buys Shares of 25,846 CRH plc (NYSE:CRH)

C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new position in shares of CRH plc (NYSE:CRH - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 25,846 shares of the construction company's stock, valued at approximately $2,335,000.

Several other institutional investors and hedge funds have also made changes to their positions in CRH. Deseret Mutual Benefit Administrators purchased a new position in CRH in the 3rd quarter valued at about $25,000. UMB Bank n.a. lifted its holdings in CRH by 72.7% in the 3rd quarter. UMB Bank n.a. now owns 297 shares of the construction company's stock valued at $28,000 after purchasing an additional 125 shares in the last quarter. Heck Capital Advisors LLC purchased a new position in CRH in the 4th quarter valued at about $32,000. Meeder Asset Management Inc. acquired a new position in shares of CRH during the 3rd quarter valued at about $35,000. Finally, Baillie Gifford & Co. increased its stake 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 acquiring an additional 162 shares during the last quarter. 62.50% of the stock is currently owned by hedge funds and other institutional investors.

CRH Trading Up 1.7 %

NYSE:CRH traded up $1.81 during trading hours on Friday, hitting $108.31. The stock had a trading volume of 5,720,779 shares, compared to its average volume of 3,413,659. CRH plc has a 1-year low of $71.18 and a 1-year high of $108.39. The business has a 50 day simple moving average of $97.30 and a two-hundred day simple moving average of $93.75. The company has a market cap of $73.57 billion, a PE ratio of 21.66, a price-to-earnings-growth ratio of 1.18 and a beta of 1.30.

Wall Street Analyst Weigh In

A number of research firms have recently commented on CRH. HSBC began coverage on shares of CRH in a research note on Monday, November 11th. They set a "buy" rating and a $116.00 price objective for the company. StockNews.com raised shares of CRH from a "hold" rating to a "buy" rating in a research note on Monday, November 11th. Citigroup dropped their price objective on shares of CRH from $120.00 to $115.00 and set a "buy" rating for the company in a research note on Monday, January 6th. JPMorgan Chase & Co. upped their price objective on shares of CRH from $114.00 to $116.00 and gave the company an "overweight" rating in a research note on Wednesday, November 20th. Finally, Truist Financial upped their price objective on shares of CRH from $110.00 to $120.00 and gave the company a "buy" rating in a research note on Friday, November 8th. One research analyst has rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, CRH has a consensus rating of "Buy" and a consensus target price of $107.75.

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.