Compound Global Advisors LLC Takes $435,000 Position in CRH plc (NYSE:CRH)

Compound Global Advisors LLC purchased a new stake in shares of CRH plc (NYSE:CRH - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 4,700 shares of the construction company's stock, valued at approximately $435,000. CRH comprises about 1.8% of Compound Global Advisors LLC's portfolio, making the stock its 24th biggest holding.

A number of other institutional investors have also bought and sold shares of CRH. Essex Financial Services Inc. boosted its position in shares of CRH by 18.3% during the 4th quarter. Essex Financial Services Inc. now owns 4,778 shares of the construction company's stock worth $442,000 after purchasing an additional 739 shares in the last quarter. Summit Trail Advisors LLC bought a new position in shares of CRH during the 4th quarter worth about $207,000. Savant Capital LLC boosted its position in shares of CRH by 17.0% during the 4th quarter. Savant Capital LLC now owns 3,042 shares of the construction company's stock worth $281,000 after purchasing an additional 442 shares in the last quarter. Washburn Capital Management Inc. bought a new position in shares of CRH during the 4th quarter worth about $254,000. Finally, Seelaus Asset Management LLC boosted its position in shares of CRH by 1.9% during the 4th quarter. Seelaus Asset Management LLC now owns 19,244 shares of the construction company's stock worth $1,780,000 after purchasing an additional 350 shares in the last quarter. Institutional investors own 62.50% of the company's stock.

CRH Stock Performance

NYSE:CRH traded up $1.81 on Friday, hitting $108.31. The stock had a trading volume of 5,720,779 shares, compared to its average volume of 3,840,263. The firm's fifty day simple moving average is $97.20 and its two-hundred day simple moving average is $93.51. The stock has a market cap of $73.57 billion, a P/E ratio of 21.66, a price-to-earnings-growth ratio of 1.18 and a beta of 1.30. CRH plc has a 1 year low of $71.18 and a 1 year high of $108.39.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on CRH. Truist Financial increased their price objective on shares of CRH from $110.00 to $120.00 and gave the stock a "buy" rating in a research report on Friday, November 8th. DA Davidson increased their price objective 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. Hsbc Global Res raised shares of CRH to a "strong-buy" 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 report on Wednesday, November 20th. Finally, 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 report on Monday, November 11th. One equities 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. According to data from MarketBeat.com, CRH currently has an average rating of "Buy" and a consensus target price 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.