Washburn Capital Management Inc. Acquires New Stake in CRH plc (NYSE:CRH)

Washburn Capital Management Inc. purchased a new position in shares of CRH plc (NYSE:CRH - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 2,750 shares of the construction company's stock, valued at approximately $254,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Arkadios Wealth Advisors lifted its holdings in shares of CRH by 4.9% in the 4th quarter. Arkadios Wealth Advisors now owns 2,335 shares of the construction company's stock worth $216,000 after purchasing an additional 109 shares in the last quarter. Grove Bank & Trust raised its holdings in CRH by 9.5% during the third quarter. Grove Bank & Trust now owns 1,419 shares of the construction company's stock worth $132,000 after buying an additional 123 shares during the last quarter. UMB Bank n.a. grew its holdings in shares of CRH by 72.7% during the third quarter. UMB Bank n.a. now owns 297 shares of the construction company's stock valued at $28,000 after buying an additional 125 shares during the last quarter. CVA Family Office LLC grew its holdings in shares of CRH by 2.1% during the third quarter. CVA Family Office LLC now owns 6,116 shares of the construction company's stock valued at $567,000 after buying an additional 128 shares during the last quarter. Finally, Lindbrook Capital LLC raised its holdings in shares of CRH by 2.9% in the 3rd quarter. Lindbrook Capital LLC now owns 4,815 shares of the construction company's stock worth $447,000 after acquiring an additional 135 shares during the last quarter. Institutional investors own 62.50% of the company's stock.

Wall Street Analysts Forecast Growth

CRH has been the subject of a number of analyst reports. StockNews.com upgraded CRH from a "hold" rating to a "buy" rating in a research note on Monday, November 11th. JPMorgan Chase & Co. increased their price target on CRH from $114.00 to $116.00 and gave the company an "overweight" rating in a research report on Wednesday, November 20th. Truist Financial upped their target price 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. Hsbc Global Res raised shares of CRH to a "strong-buy" rating in a research report on Monday, November 11th. Finally, Citigroup reduced their price objective on shares of CRH from $120.00 to $115.00 and set a "buy" rating for the company in a research report on Monday, January 6th. One equities research analyst has rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, CRH currently has a consensus rating of "Buy" and an average target price of $107.75.

CRH Stock Performance

NYSE CRH traded up $1.35 on Wednesday, hitting $104.33. The stock had a trading volume of 8,595,805 shares, compared to its average volume of 3,686,615. The firm has a 50-day moving average of $97.10 and a 200-day moving average of $93.34. The company has a market capitalization of $70.86 billion, a price-to-earnings ratio of 20.87, 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 $105.58.

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.