CRH (NYSE:CRH) Hits New 1-Year High – What’s Next?

CRH plc (NYSE:CRH)’s stock price reached a new 52-week high on Thursday . The stock traded as high as $104.37 and last traded at $104.25, with a volume of 2135756 shares trading hands. The stock had previously closed at $101.16.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on CRH. 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 note on Monday, November 11th. Hsbc Global Res raised CRH to a “strong-buy” rating in a research note on Monday, November 11th. DA Davidson boosted their price objective on CRH from $110.00 to $120.00 and gave the company a “buy” rating in a report on Monday, November 11th. HSBC started coverage on CRH in a research note on Monday, November 11th. They set a “buy” rating and a $116.00 price target for the company. Finally, Truist Financial lifted their target price 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. One equities research 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 data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $107.75.

CRH Stock Up 3.3 %

The firm’s 50-day simple moving average is $97.02 and its 200-day simple moving average is $92.63. The firm has a market capitalization of $70.98 billion, a P/E ratio of 20.91, a price-to-earnings-growth ratio of 1.08 and a beta of 1.30.

Institutional Investors Weigh In On CRH

Several hedge funds have recently added to or reduced their stakes in the company. Arkadios Wealth Advisors lifted its stake in shares of CRH by 4.9% in the fourth quarter. Arkadios Wealth Advisors now owns 2,335 shares of the construction company’s stock worth $216,000 after buying an additional 109 shares in the last quarter. Grove Bank & Trust grew its stake in shares of CRH by 9.5% in the third quarter. Grove Bank & Trust now owns 1,419 shares of the construction company’s stock worth $132,000 after acquiring an additional 123 shares during the period. UMB Bank n.a. raised its stake in CRH by 72.7% during the 3rd quarter. UMB Bank n.a. now owns 297 shares of the construction company’s stock valued at $28,000 after buying an additional 125 shares during the last quarter. CVA Family Office LLC increased its position in CRH by 2.1% during the third quarter. CVA Family Office LLC now owns 6,116 shares of the construction company’s stock valued at $567,000 after acquiring an additional 128 shares during the last quarter. Finally, 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 worth $447,000 after purchasing an additional 135 shares during the period. Institutional investors own 62.50% of the company’s stock.

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.