Financial Advocates Investment Management Has $274,000 Stock Position in CRH plc (NYSE:CRH)

Financial Advocates Investment Management grew its position in CRH plc (NYSE:CRH) by 10.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,963 shares of the construction company’s stock after purchasing an additional 277 shares during the period. Financial Advocates Investment Management’s holdings in CRH were worth $274,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. FMR LLC grew its stake in shares of CRH by 33.4% in the 3rd quarter. FMR LLC now owns 36,156,017 shares of the construction company’s stock valued at $3,341,258,000 after buying an additional 9,055,354 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in CRH by 515.7% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,103,194 shares of the construction company’s stock worth $473,270,000 after acquiring an additional 4,274,336 shares in the last quarter. Franklin Resources Inc. increased its stake in shares of CRH by 8.7% during the 3rd quarter. Franklin Resources Inc. now owns 14,351,050 shares of the construction company’s stock worth $1,329,796,000 after purchasing an additional 1,148,708 shares during the last quarter. Nordea Investment Management AB raised its holdings in shares of 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 in the last quarter. Finally, Janus Henderson Group PLC lifted its stake in shares of CRH by 21.4% in the 3rd quarter. Janus Henderson Group PLC now owns 3,688,831 shares of the construction company’s stock valued at $337,477,000 after purchasing an additional 649,993 shares during the last quarter. 62.50% of the stock is owned by institutional investors and hedge funds.

CRH Price Performance

NYSE CRH opened at $103.44 on Monday. The company’s fifty day moving average is $97.10 and its two-hundred day moving average is $92.94. The firm has a market capitalization of $70.26 billion, a price-to-earnings ratio of 20.69, a P/E/G 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.

Analysts Set New Price Targets

Several research firms have commented on CRH. Citigroup lowered their target price on shares of CRH from $120.00 to $115.00 and set a “buy” rating on the stock in a research report on Monday, January 6th. Barclays started coverage on CRH in a research note on Tuesday, October 29th. They issued an “overweight” rating and a $110.00 price objective on the stock. JPMorgan Chase & Co. upped their target price on CRH from $114.00 to $116.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 20th. Morgan Stanley lifted their price target on shares of CRH from $95.00 to $104.00 and gave the company an “overweight” rating in a research report on Monday, November 11th. Finally, 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. One equities research analyst has rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $107.75.

About CRH

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.