Stratos Wealth Partners LTD. Invests $280,000 in CRH plc (NYSE:CRH)

Stratos Wealth Partners LTD. purchased a new position in CRH plc (NYSE:CRH - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 3,027 shares of the construction company's stock, valued at approximately $280,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in CRH. Park Avenue Securities LLC boosted its stake in CRH by 22.1% during the 4th quarter. Park Avenue Securities LLC now owns 32,557 shares of the construction company's stock valued at $3,012,000 after purchasing an additional 5,889 shares during the last quarter. Merit Financial Group LLC boosted its stake in CRH by 31.8% during the 4th quarter. Merit Financial Group LLC now owns 23,253 shares of the construction company's stock valued at $2,151,000 after purchasing an additional 5,610 shares during the last quarter. Nordea Investment Management AB boosted its stake in CRH by 48.2% during the 4th quarter. Nordea Investment Management AB now owns 2,484,746 shares of the construction company's stock valued at $231,206,000 after purchasing an additional 808,061 shares during the last quarter. Tidal Investments LLC boosted its stake in CRH by 168.7% during the 3rd quarter. Tidal Investments LLC now owns 22,089 shares of the construction company's stock valued at $2,049,000 after purchasing an additional 13,868 shares during the last quarter. Finally, Ninety One UK Ltd boosted its stake in CRH by 9.0% during the 4th quarter. Ninety One UK Ltd now owns 2,547,826 shares of the construction company's stock valued at $235,725,000 after purchasing an additional 209,328 shares during the last quarter. Hedge funds and other institutional investors own 62.50% of the company's stock.

CRH Trading Up 1.7 %

CRH stock traded up $1.81 during trading on Monday, reaching $108.31. The company had a trading volume of 5,720,779 shares, compared to its average volume of 3,413,659. The firm's 50-day simple moving average is $97.30 and its 200 day simple moving average is $93.81. The firm has a market capitalization of $73.57 billion, a price-to-earnings ratio of 21.66, a price-to-earnings-growth ratio of 1.18 and a beta of 1.30. CRH plc has a 52 week low of $71.18 and a 52 week high of $108.39.

Wall Street Analysts Forecast Growth

Several brokerages have commented on CRH. Barclays assumed coverage on CRH in a research note on Tuesday, October 29th. They set an "overweight" rating and a $110.00 target price on the stock. Truist Financial raised their price target on CRH from $110.00 to $120.00 and gave the stock a "buy" rating in a research note on Friday, November 8th. StockNews.com upgraded CRH from a "hold" rating to a "buy" rating in a research note on Monday, November 11th. HSBC assumed coverage on CRH in a research note on Monday, November 11th. They issued a "buy" rating and a $116.00 price target on the stock. Finally, Citigroup dropped their price target on CRH from $120.00 to $115.00 and set a "buy" rating on the stock in a research note on Monday, January 6th. One investment analyst has rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company has a consensus 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.