Compound Global Advisors LLC Makes New Investment in CRH plc (NYSE:CRH)

Compound Global Advisors LLC bought a new stake in shares of CRH plc (NYSE:CRH) in the fourth quarter, Holdings Channel reports. The firm bought 4,700 shares of the construction company’s stock, valued at approximately $435,000. CRH makes up 1.8% of Compound Global Advisors LLC’s investment portfolio, making the stock its 24th largest holding.

A number of other institutional investors also recently modified their holdings of CRH. AQR Capital Management LLC acquired a new stake in shares of CRH during the 2nd quarter valued at $628,000. GAMMA Investing LLC boosted its stake in shares of CRH by 106.2% during the 3rd quarter. GAMMA Investing LLC now owns 1,291 shares of the construction company’s stock valued at $120,000 after buying an additional 665 shares during the period. CWM LLC boosted its stake 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 buying an additional 1,938 shares during the period. UMB Bank n.a. boosted its stake in shares of CRH by 72.7% during the 3rd 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 period. Finally, Valeo Financial Advisors LLC acquired a new stake in shares of CRH during the 3rd quarter valued at $225,000. Institutional investors and hedge funds own 62.50% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Barclays initiated coverage on shares of CRH in a research note on Tuesday, October 29th. They set an “overweight” rating and a $110.00 target price for the company. Morgan Stanley upped their price objective on shares of CRH from $95.00 to $104.00 and gave the stock an “overweight” rating in a report on Monday, November 11th. Truist Financial upped their price objective on shares of CRH from $110.00 to $120.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Citigroup decreased their price objective on shares of CRH from $120.00 to $115.00 and set a “buy” rating for the company in a report on Monday, January 6th. Finally, DA Davidson upped their price objective on shares of CRH from $110.00 to $120.00 and gave the stock a “buy” rating in a report on Monday, November 11th. One research 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, CRH presently has a consensus rating of “Buy” and a consensus target price of $107.75.

CRH Price Performance

CRH stock opened at $102.04 on Tuesday. CRH plc has a 52-week low of $71.18 and a 52-week high of $105.58. The company has a 50-day moving average of $97.10 and a two-hundred day moving average of $93.03. The stock has a market capitalization of $69.31 billion, a price-to-earnings ratio of 20.41, a price-to-earnings-growth 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.