4,318 Shares in CRH plc (NYSE:CRH) Acquired by Howard Capital Management Inc.

Howard Capital Management Inc. purchased a new stake in CRH plc (NYSE:CRH) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 4,318 shares of the construction company’s stock, valued at approximately $400,000.

Several other large investors have also recently modified their holdings of the business. Allspring Global Investments Holdings LLC increased its holdings in CRH by 47.3% in the third quarter. Allspring Global Investments Holdings LLC now owns 33,409 shares of the construction company’s stock valued at $3,098,000 after purchasing an additional 10,729 shares during the period. International Assets Investment Management LLC bought a new stake in shares of CRH in the 3rd quarter valued at about $7,895,000. Dakota Wealth Management increased its stake in shares of CRH by 13.5% in the third quarter. Dakota Wealth Management now owns 3,194 shares of the construction company’s stock valued at $296,000 after buying an additional 379 shares during the period. Allworth Financial LP raised its position in shares of CRH by 4.3% during the third quarter. Allworth Financial LP now owns 8,726 shares of the construction company’s stock worth $809,000 after acquiring an additional 357 shares during the last quarter. Finally, Arkadios Wealth Advisors acquired a new position in shares of CRH in the third quarter worth approximately $206,000. Institutional investors own 62.50% of the company’s stock.

CRH Stock Performance

CRH stock opened at $100.36 on Tuesday. CRH plc has a fifty-two week low of $71.18 and a fifty-two week high of $110.97. The stock’s 50 day simple moving average is $98.02 and its 200 day simple moving average is $94.89. The company has a market cap of $68.16 billion, a P/E ratio of 20.07, a price-to-earnings-growth ratio of 1.15 and a beta of 1.30.

Analyst Ratings Changes

A number of research firms have weighed in on CRH. Morgan Stanley increased their target price 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. Truist Financial increased their price objective on shares of CRH from $110.00 to $120.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Barclays initiated coverage on shares of CRH in a report on Tuesday, October 29th. They issued an “overweight” rating and a $110.00 target price on the stock. JPMorgan Chase & Co. increased their price target on CRH from $114.00 to $116.00 and gave the stock an “overweight” rating in a report on Wednesday, November 20th. Finally, Citigroup lowered their price objective on CRH from $120.00 to $115.00 and set a “buy” rating for the company in a research report on Monday, January 6th. Two research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, CRH has a consensus rating of “Moderate Buy” and a consensus price target of $107.75.

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.