C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors Makes New $2.34 Million Investment in CRH plc (NYSE:CRH)

C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new stake in CRH plc (NYSE:CRH) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 25,846 shares of the construction company’s stock, valued at approximately $2,335,000.

A number of other institutional investors and hedge funds also recently modified their holdings of CRH. Deseret Mutual Benefit Administrators bought a new position in CRH in the 3rd quarter valued at $25,000. UMB Bank n.a. boosted its holdings in shares of 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 during the last quarter. Heck Capital Advisors LLC bought a new position in CRH during the fourth quarter valued at about $32,000. Meeder Asset Management Inc. purchased a new stake in CRH during the third quarter worth about $35,000. Finally, Baillie Gifford & Co. raised its position in CRH by 70.7% in the third quarter. Baillie Gifford & Co. now owns 391 shares of the construction company’s stock worth $36,000 after acquiring an additional 162 shares during the period. 62.50% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Morgan Stanley raised their price target on shares of CRH from $95.00 to $104.00 and gave the stock an “overweight” rating in a research note on Monday, November 11th. Citigroup decreased their target price on CRH from $120.00 to $115.00 and set a “buy” rating for the company in a research report on Monday, January 6th. Hsbc Global Res raised CRH to a “strong-buy” rating in a research report on Monday, November 11th. Truist Financial lifted their price objective on CRH from $110.00 to $120.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Finally, HSBC initiated coverage on shares of CRH in a report on Monday, November 11th. They set a “buy” rating and a $116.00 price objective on the stock. One investment analyst has rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, CRH presently has a consensus rating of “Buy” and an average target price of $107.75.

CRH Trading Up 1.3 %

Shares of NYSE:CRH opened at $104.33 on Thursday. The company has a 50 day moving average of $97.10 and a 200 day moving average of $93.34. The stock has a market cap of $70.86 billion, a P/E ratio of 20.87, a P/E/G ratio of 1.18 and a beta of 1.30. CRH plc has a 12 month low of $71.18 and a 12 month 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.