2,650 Shares in CRH plc (NYSE:CRH) Acquired by Howard Bailey Securities LLC

Howard Bailey Securities LLC acquired a new position in CRH plc (NYSE:CRH) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 2,650 shares of the construction company’s stock, valued at approximately $245,000.

A number of other institutional investors also recently modified their holdings of the stock. Arkadios Wealth Advisors boosted its stake in shares of CRH by 4.9% during the 4th quarter. Arkadios Wealth Advisors now owns 2,335 shares of the construction company’s stock valued at $216,000 after buying an additional 109 shares during the period. UMB Bank n.a. lifted its stake in shares of CRH by 72.7% in the 3rd quarter. UMB Bank n.a. now owns 297 shares of the construction company’s stock valued at $28,000 after purchasing an additional 125 shares during the last quarter. Lindbrook Capital LLC lifted its stake in shares of 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 lifted its stake in shares of CRH by 18.3% in the 4th 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 last quarter. Finally, Manitou Investment Management Ltd. raised its holdings in CRH by 1.4% in the 4th quarter. Manitou Investment Management Ltd. now owns 11,203 shares of the construction company’s stock worth $1,037,000 after acquiring an additional 160 shares during the period. Institutional investors and hedge funds own 62.50% of the company’s stock.

CRH Stock Up 1.3 %

CRH stock opened at $104.33 on Thursday. The stock has a 50-day simple moving average of $97.10 and a 200 day simple moving average of $93.34. CRH plc has a 12-month low of $71.18 and a 12-month high of $105.58. The stock has a market capitalization of $70.86 billion, a price-to-earnings ratio of 20.87, a P/E/G ratio of 1.18 and a beta of 1.30.

Wall Street Analyst Weigh In

Several brokerages recently commented on CRH. Morgan Stanley lifted their target price on shares of CRH from $95.00 to $104.00 and gave the stock an “overweight” rating in a report on Monday, November 11th. Citigroup dropped their price objective on shares of CRH from $120.00 to $115.00 and set a “buy” rating on the stock in a report on Monday, January 6th. DA Davidson raised their target price on CRH from $110.00 to $120.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Barclays assumed coverage on shares of CRH in a research note on Tuesday, October 29th. They set an “overweight” rating and a $110.00 price target on the stock. Finally, StockNews.com upgraded shares of CRH from a “hold” rating to a “buy” rating in a research note on Monday, November 11th. One analyst has rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, CRH has an average rating of “Buy” and an average price target of $107.75.

CRH 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.