CRH plc (NYSE:CRH) Shares Acquired by Essex Financial Services Inc.

Essex Financial Services Inc. increased its holdings in shares of CRH plc (NYSE:CRH) by 18.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,778 shares of the construction company’s stock after purchasing an additional 739 shares during the quarter. Essex Financial Services Inc.’s holdings in CRH were worth $442,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Arkadios Wealth Advisors increased its position in shares of CRH by 4.9% during the fourth quarter. Arkadios Wealth Advisors now owns 2,335 shares of the construction company’s stock valued at $216,000 after acquiring an additional 109 shares during the last quarter. UMB Bank n.a. boosted its position 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 worth $28,000 after purchasing an additional 125 shares during the period. Lindbrook Capital LLC increased its holdings in CRH by 2.9% in the 3rd quarter. Lindbrook Capital LLC now owns 4,815 shares of the construction company’s stock valued at $447,000 after purchasing an additional 135 shares during the last quarter. MassMutual Private Wealth & Trust FSB raised its position in CRH by 18.3% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 971 shares of the construction company’s stock valued at $90,000 after purchasing an additional 150 shares during the period. Finally, Manitou Investment Management Ltd. lifted its stake in CRH by 1.4% during the fourth quarter. Manitou Investment Management Ltd. now owns 11,203 shares of the construction company’s stock worth $1,037,000 after purchasing an additional 160 shares in the last quarter. 62.50% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on CRH shares. HSBC initiated coverage on CRH in a research note on Monday, November 11th. They issued a “buy” rating and a $116.00 price objective for the company. Truist Financial boosted their price target on shares of CRH from $110.00 to $120.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Hsbc Global Res raised shares of CRH to a “strong-buy” rating in a research note on Monday, November 11th. StockNews.com raised shares of CRH from a “hold” rating to a “buy” rating in a research note on Monday, November 11th. Finally, Morgan Stanley raised 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. 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’s stock. According to data from MarketBeat.com, CRH has an average rating of “Buy” and a consensus price target of $107.75.

CRH Price Performance

NYSE:CRH opened at $104.33 on Thursday. CRH plc has a 12 month low of $71.18 and a 12 month high of $105.58. The firm has a market capitalization of $70.86 billion, a PE ratio of 20.87, a price-to-earnings-growth ratio of 1.18 and a beta of 1.30. The business’s fifty day moving average price is $97.10 and its 200 day moving average price is $93.34.

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.