Lineweaver Wealth Advisors LLC Makes New Investment in CRH plc (NYSE:CRH)

Lineweaver Wealth Advisors LLC purchased a new stake in shares of CRH plc (NYSE:CRH) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 2,451 shares of the construction company’s stock, valued at approximately $227,000.

Several other hedge funds have also recently bought and sold shares of the business. Deseret Mutual Benefit Administrators acquired a new position in shares of CRH in the 3rd quarter valued at about $25,000. Heck Capital Advisors LLC purchased a new stake in CRH in the 4th quarter worth approximately $32,000. Meeder Asset Management Inc. acquired a new stake in shares of CRH during the 3rd quarter valued at $35,000. Baillie Gifford & Co. grew its holdings in shares of CRH by 70.7% during the 3rd quarter. Baillie Gifford & Co. now owns 391 shares of the construction company’s stock valued at $36,000 after acquiring an additional 162 shares in the last quarter. Finally, Whipplewood Advisors LLC acquired a new position in shares of CRH in the fourth quarter worth $38,000. 62.50% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

CRH has been the subject of a number of research reports. Truist Financial lifted their price objective on CRH from $110.00 to $120.00 and gave the company a “buy” rating in a research report on Friday, November 8th. StockNews.com upgraded shares of CRH from a “hold” rating to a “buy” rating in a research note on Thursday. Citigroup dropped their price target on shares of CRH from $120.00 to $115.00 and set a “buy” rating on the stock in a research note on Monday, January 6th. HSBC assumed coverage on shares of CRH in a report on Monday, November 11th. They set a “buy” rating and a $116.00 price target on the stock. Finally, DA Davidson increased their target price on shares of CRH from $110.00 to $120.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. One investment analyst has rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $107.75.

CRH Stock Up 2.0 %

Shares of NYSE CRH opened at $102.26 on Thursday. CRH plc has a 12 month low of $71.18 and a 12 month high of $110.97. The company has a market cap of $69.46 billion, a P/E ratio of 20.45, a P/E/G ratio of 1.15 and a beta of 1.30. The business’s 50 day moving average is $98.25 and its two-hundred day moving average is $95.07.

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.