DAVENPORT & Co LLC Increases Holdings in CRH plc (NYSE:CRH)

DAVENPORT & Co LLC increased its stake in shares of CRH plc (NYSE:CRH - Free Report) by 33.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 45,744 shares of the construction company's stock after buying an additional 11,408 shares during the quarter. DAVENPORT & Co LLC's holdings in CRH were worth $4,232,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. AQR Capital Management LLC purchased a new stake in CRH in the 2nd quarter valued at approximately $628,000. Cetera Investment Advisers boosted its holdings in CRH by 1.2% in the 2nd quarter. Cetera Investment Advisers now owns 54,780 shares of the construction company's stock valued at $4,088,000 after purchasing an additional 632 shares in the last quarter. Sanctuary Advisors LLC purchased a new stake in CRH in the 2nd quarter valued at approximately $2,138,000. GAMMA Investing LLC boosted its holdings in CRH by 106.2% in the 3rd quarter. GAMMA Investing LLC now owns 1,291 shares of the construction company's stock valued at $120,000 after purchasing an additional 665 shares in the last quarter. Finally, Azzad Asset Management Inc. ADV purchased a new stake in CRH in the 3rd quarter valued at approximately $601,000. Hedge funds and other institutional investors own 62.50% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on CRH. Barclays began coverage on CRH in a research note on Tuesday, October 29th. They set an "overweight" rating and a $110.00 price target on the stock. DA Davidson lifted their price objective on CRH from $110.00 to $120.00 and gave the stock a "buy" rating in a research report on Monday, November 11th. StockNews.com upgraded CRH from a "hold" rating to a "buy" rating in a research report on Monday, November 11th. Citigroup cut their price objective on CRH from $120.00 to $115.00 and set a "buy" rating for the company in a research report on Monday, January 6th. Finally, Truist Financial boosted their price target on CRH from $110.00 to $120.00 and gave the company a "buy" rating in a report on Friday, November 8th. One investment analyst has rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of "Buy" and an average price target of $107.75.

CRH Stock Up 3.9 %

Shares of CRH stock traded up $3.95 on Thursday, reaching $105.11. 8,346,026 shares of the stock were exchanged, compared to its average volume of 3,472,788. The stock has a market cap of $71.39 billion, a P/E ratio of 21.02, a price-to-earnings-growth ratio of 1.08 and a beta of 1.30. The firm has a 50 day moving average of $97.02 and a two-hundred day moving average of $92.63. CRH plc has a 1-year low of $71.18 and a 1-year high of $105.58.

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.