Little House Capital LLC Invests $824,000 in CRH plc (NYSE:CRH)

Little House Capital LLC acquired a new stake in shares of CRH plc (NYSE:CRH) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 8,906 shares of the construction company’s stock, valued at approximately $824,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Sumitomo Mitsui Trust Group Inc. raised its stake in CRH by 7.9% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,562,962 shares of the construction company’s stock valued at $144,605,000 after buying an additional 114,072 shares during the last quarter. Park Avenue Securities LLC increased its position in CRH by 22.1% during the fourth quarter. Park Avenue Securities LLC now owns 32,557 shares of the construction company’s stock valued at $3,012,000 after acquiring an additional 5,889 shares during the last quarter. Merit Financial Group LLC lifted its holdings in CRH by 31.8% in the fourth quarter. Merit Financial Group LLC now owns 23,253 shares of the construction company’s stock valued at $2,151,000 after acquiring an additional 5,610 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in CRH by 19.9% in the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 72,778 shares of the construction company’s stock worth $6,733,000 after purchasing an additional 12,076 shares during the last quarter. Finally, Nordea Investment Management AB grew its stake in shares of CRH by 48.2% during the 4th quarter. Nordea Investment Management AB now owns 2,484,746 shares of the construction company’s stock valued at $231,206,000 after purchasing an additional 808,061 shares during the period. Institutional investors own 62.50% of the company’s stock.

CRH Price Performance

CRH stock opened at $108.31 on Friday. CRH plc has a 1-year low of $71.18 and a 1-year high of $108.39. The business has a 50 day simple moving average of $97.30 and a two-hundred day simple moving average of $93.69. The company has a market capitalization of $73.57 billion, a price-to-earnings ratio of 21.66, a PEG ratio of 1.18 and a beta of 1.30.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on CRH shares. DA Davidson raised their price objective on shares of CRH from $110.00 to $120.00 and gave the stock a “buy” rating in a report on Monday, November 11th. JPMorgan Chase & Co. lifted their price target on shares of CRH from $114.00 to $116.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 20th. Barclays assumed coverage on CRH in a research note on Tuesday, October 29th. They issued an “overweight” rating and a $110.00 price objective for the company. StockNews.com upgraded CRH from a “hold” rating to a “buy” rating in a research report on Monday, November 11th. Finally, Hsbc Global Res upgraded CRH to a “strong-buy” rating in a research report on Monday, November 11th. One analyst has rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price 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.