Howard Bailey Securities LLC Takes Position in CRH plc (NYSE:CRH)

Howard Bailey Securities LLC purchased a new stake in shares of CRH plc (NYSE:CRH - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 2,650 shares of the construction company's stock, valued at approximately $245,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of CRH. CWM LLC raised its position in shares of CRH by 91.2% during the 3rd quarter. CWM LLC now owns 4,064 shares of the construction company's stock valued at $377,000 after purchasing an additional 1,938 shares during the period. UMB Bank n.a. increased its stake in CRH by 72.7% in the 3rd quarter. UMB Bank n.a. now owns 297 shares of the construction company's stock worth $28,000 after buying an additional 125 shares in the last quarter. Valeo Financial Advisors LLC bought a new stake in CRH during the third quarter valued at about $225,000. Procyon Advisors LLC purchased a new position in shares of CRH in the third quarter valued at about $201,000. Finally, Swedbank AB lifted its position in shares of CRH by 68.7% in the third quarter. Swedbank AB now owns 170,442 shares of the construction company's stock valued at $15,807,000 after acquiring an additional 69,418 shares in the last quarter. Hedge funds and other institutional investors own 62.50% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on CRH shares. Hsbc Global Res raised CRH to a "strong-buy" rating in a research note on Monday, November 11th. DA Davidson lifted their price objective on shares of CRH from $110.00 to $120.00 and gave the company a "buy" rating in a research report on Monday, November 11th. HSBC started coverage on shares of CRH in a report on Monday, November 11th. They issued a "buy" rating and a $116.00 target price on the stock. Morgan Stanley raised their target price on shares of CRH from $95.00 to $104.00 and gave the company an "overweight" rating in a research note on Monday, November 11th. Finally, Truist Financial boosted their price target on shares of CRH from $110.00 to $120.00 and gave the stock a "buy" rating in a research note on Friday, November 8th. One 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 stock. According to MarketBeat, CRH currently has a consensus rating of "Buy" and an average price target of $107.75.

CRH Stock Up 1.7 %

CRH traded up $1.81 on Monday, hitting $108.31. The company had a trading volume of 5,720,779 shares, compared to its average volume of 3,413,659. The business's fifty day simple moving average is $97.30 and its 200 day simple moving average is $93.81. CRH plc has a 12-month low of $71.18 and a 12-month high of $108.39. The company has a market cap of $73.57 billion, a PE ratio of 21.66, a PEG ratio of 1.18 and a beta of 1.30.

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.