Hodges Capital Management Inc. Buys Shares of 88,645 CRH plc (NYSE:CRH)

Hodges Capital Management Inc. purchased a new stake in CRH plc (NYSE:CRH - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 88,645 shares of the construction company's stock, valued at approximately $8,201,000.

Several other institutional investors have also recently added to or reduced their stakes in the company. One Wealth Advisors LLC raised its position in shares of CRH by 5.3% in the 4th quarter. One Wealth Advisors LLC now owns 3,593 shares of the construction company's stock worth $332,000 after buying an additional 180 shares during the period. Brentview Investment Management LLC purchased a new position in shares of CRH during the 4th quarter valued at approximately $4,029,000. CENTRAL TRUST Co lifted its position in shares of CRH by 14.2% during the fourth quarter. CENTRAL TRUST Co now owns 25,129 shares of the construction company's stock worth $2,325,000 after purchasing an additional 3,126 shares during the last quarter. Spire Wealth Management acquired a new position in CRH in the fourth quarter worth $57,000. Finally, DAVENPORT & Co LLC raised its stake in CRH by 33.2% during the fourth quarter. DAVENPORT & Co LLC now owns 45,744 shares of the construction company's stock worth $4,232,000 after acquiring an additional 11,408 shares during the period. Institutional investors and hedge funds own 62.50% of the company's stock.

CRH Trading Up 3.9 %

Shares of CRH traded up $3.95 during mid-day trading on Thursday, reaching $105.11. The company's stock had a trading volume of 8,346,077 shares, compared to its average volume of 3,472,791. The business has a 50-day simple moving average of $97.02 and a two-hundred day simple moving average of $92.63. The stock has a market cap of $71.39 billion, a P/E ratio of 21.02, a PEG ratio of 1.08 and a beta of 1.30. CRH plc has a 1-year low of $71.18 and a 1-year high of $105.58.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on CRH shares. Citigroup cut their target price on CRH from $120.00 to $115.00 and set a "buy" rating on the stock in a research note on Monday, January 6th. StockNews.com upgraded shares of CRH from a "hold" rating to a "buy" rating in a report on Monday, November 11th. HSBC started coverage on shares of CRH in a research note on Monday, November 11th. They issued a "buy" rating and a $116.00 price objective on the stock. Barclays initiated coverage on shares of CRH in a report on Tuesday, October 29th. They issued an "overweight" rating and a $110.00 price objective for the company. Finally, JPMorgan Chase & Co. lifted their price target on CRH from $114.00 to $116.00 and gave the stock an "overweight" rating in a research report on Wednesday, November 20th. 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's stock. According to MarketBeat, CRH has an average rating of "Buy" and an average price target of $107.75.

CRH Company 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.