Published on 25 Jan 2023 on Insider Monkey via Yahoo Finance
Is CRH a Good Investment Pick?
L1 Capital, an investment management firm, released its “L1 Capital International Fund” fourth quarter 2022 investor letter, a copy of the same can be downloaded here. In the fourth quarter, the L1 Capital International Fund returned 1.7% compared to its benchmark which had a 4.4% return for the same period. Spare some time to check the fund’s top 5 holdings to have a clue about their top bets for 2022.
In its Q3 2022 investor letter, L1 Capital International Fund mentioned CRH plc (NYSE:CRH) and explained its insights for the company. Founded in 1970, CRH plc (NYSE:CRH) is a Dublin, Ireland-based building material company with a $33.5 billion market capitalization. CRH plc (NYSE:CRH) delivered a 13.35% return since the beginning of the year, while its 12-month returns are down by -6.93%. The stock closed at $45.10 per share on January 24, 2023.
Here is what L1 Capital International Fund has to say about CRH plc (NYSE:CRH) in its Q3 2022 investor letter: