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

Financial Advocates Investment Management lifted its holdings in shares of CRH plc (NYSE:CRH) by 10.3% in the fourth quarter, Holdings Channel.com reports. The fund owned 2,963 shares of the construction company’s stock after purchasing an additional 277 shares during the quarter. Financial Advocates Investment Management’s holdings in CRH were worth $274,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in CRH. Park Avenue Securities LLC lifted its holdings in shares of CRH by 22.1% during the fourth quarter. Park Avenue Securities LLC now owns 32,557 shares of the construction company’s stock valued at $3,012,000 after acquiring an additional 5,889 shares during the period. Merit Financial Group LLC lifted its holdings in CRH by 31.8% during the 4th quarter. Merit Financial Group LLC now owns 23,253 shares of the construction company’s stock valued at $2,151,000 after purchasing an additional 5,610 shares during the last quarter. Nordea Investment Management AB boosted its position in CRH by 48.2% in the fourth quarter. Nordea Investment Management AB now owns 2,484,746 shares of the construction company’s stock valued at $231,206,000 after buying an additional 808,061 shares in the last quarter. Tidal Investments LLC grew its stake in CRH by 168.7% during the third quarter. Tidal Investments LLC now owns 22,089 shares of the construction company’s stock worth $2,049,000 after buying an additional 13,868 shares during the last quarter. Finally, Transform Wealth LLC increased its holdings in shares of CRH by 10.9% during the fourth quarter. Transform Wealth LLC now owns 125,736 shares of the construction company’s stock worth $11,633,000 after buying an additional 12,363 shares in the last quarter. 62.50% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CRH has been the topic of several recent analyst reports. Hsbc Global Res upgraded CRH to a “strong-buy” rating in a research report on Monday, November 11th. HSBC started coverage on CRH in a research note on Monday, November 11th. They issued a “buy” rating and a $116.00 target price for the company. DA Davidson increased 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. StockNews.com upgraded shares of CRH from a “hold” rating to a “buy” rating in a research report on Monday, November 11th. Finally, Truist Financial increased their price target on shares of CRH from $110.00 to $120.00 and gave the company a “buy” rating in a research note on Friday, November 8th. One investment analyst has rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, CRH has a consensus rating of “Buy” and an average target price of $107.75.

CRH Stock Performance

Shares of CRH stock opened at $103.44 on Monday. The firm has a fifty day moving average of $97.10 and a two-hundred day moving average of $92.94. The stock has a market capitalization of $70.26 billion, a price-to-earnings ratio of 20.69, a PEG 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 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.