C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors Buys Shares of 25,846 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, HoldingsChannel reports. The firm bought 25,846 shares of the construction company’s stock, valued at approximately $2,335,000.

Other large investors also recently added to or reduced their stakes in the company. Deseret Mutual Benefit Administrators acquired a new position in shares of CRH in the 3rd quarter valued at $25,000. Heck Capital Advisors LLC acquired a new position in shares of CRH in the 4th quarter valued at $32,000. Meeder Asset Management Inc. acquired a new position in shares of CRH in the 3rd quarter valued at $35,000. Baillie Gifford & Co. lifted its stake in shares of CRH by 70.7% in the 3rd quarter. Baillie Gifford & Co. now owns 391 shares of the construction company’s stock valued at $36,000 after purchasing an additional 162 shares during the last quarter. Finally, Spire Wealth Management acquired a new position in shares of CRH in the 4th quarter valued at $57,000. 62.50% of the stock is currently owned by hedge funds and other institutional investors.

CRH Price Performance

Shares of NYSE CRH opened at $110.44 on Wednesday. The stock’s 50-day moving average is $97.70 and its two-hundred day moving average is $94.22. CRH plc has a 1-year low of $71.18 and a 1-year high of $110.97. The company has a market cap of $75.01 billion, a price-to-earnings ratio of 22.09, a price-to-earnings-growth ratio of 1.18 and a beta of 1.30.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. Truist Financial upped their price target on CRH from $110.00 to $120.00 and gave the company a “buy” rating in a research note on Friday, November 8th. JPMorgan Chase & Co. increased their target price on CRH from $114.00 to $116.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 20th. Citigroup decreased their target price on CRH from $120.00 to $115.00 and set a “buy” rating on the stock in a research note on Monday, January 6th. HSBC began coverage on CRH in a research note on Monday, November 11th. They set a “buy” rating and a $116.00 target price on the stock. Finally, DA Davidson increased their target price on CRH from $110.00 to $120.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. One investment analyst has rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, CRH currently has a consensus rating of “Buy” and an average target price 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.