Convergence Investment Partners LLC acquired a new position in shares of CRH plc (NYSE:CRH - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 9,531 shares of the construction company's stock, valued at approximately $882,000.
A number of other institutional investors also recently made changes to their positions in the company. FMR LLC boosted its holdings in shares of CRH by 33.4% during the third quarter. FMR LLC now owns 36,156,017 shares of the construction company's stock worth $3,341,258,000 after acquiring an additional 9,055,354 shares during the period. Franklin Resources Inc. raised its position in shares of CRH by 8.7% in the third quarter. Franklin Resources Inc. now owns 14,351,050 shares of the construction company's stock valued at $1,329,796,000 after buying an additional 1,148,708 shares in the last quarter. State Street Corp raised its position in shares of CRH by 4.9% in the third quarter. State Street Corp now owns 13,139,233 shares of the construction company's stock valued at $1,218,532,000 after buying an additional 618,786 shares in the last quarter. Geode Capital Management LLC raised its position in shares of CRH by 2.1% in the third quarter. Geode Capital Management LLC now owns 7,985,356 shares of the construction company's stock valued at $738,113,000 after buying an additional 165,825 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of CRH by 515.7% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,103,194 shares of the construction company's stock valued at $473,270,000 after buying an additional 4,274,336 shares in the last quarter. Institutional investors own 62.50% of the company's stock.
CRH Price Performance
Shares of CRH stock traded down $2.33 during trading on Friday, hitting $100.26. The company's stock had a trading volume of 7,263,437 shares, compared to its average volume of 4,483,675. CRH plc has a 52 week low of $71.18 and a 52 week high of $110.97. The stock has a market cap of $68.09 billion, a price-to-earnings ratio of 20.05, a price-to-earnings-growth ratio of 1.15 and a beta of 1.30. The stock has a 50-day moving average price of $97.97 and a two-hundred day moving average price of $94.52.
Wall Street Analysts Forecast Growth
Several brokerages have commented on CRH. Barclays began coverage on shares of CRH in a research report on Tuesday, October 29th. They set an "overweight" rating and a $110.00 price objective for the company. Citigroup lowered their price objective on shares of CRH from $120.00 to $115.00 and set a "buy" rating for the company in a research report on Monday, January 6th. Truist Financial boosted their price objective on shares of CRH from $110.00 to $120.00 and gave the company a "buy" rating in a research report on Friday, November 8th. DA Davidson boosted their price objective on shares of CRH from $110.00 to $120.00 and gave the company a "buy" rating in a research report on Monday, November 11th. Finally, Hsbc Global Res upgraded shares of CRH to a "strong-buy" rating in a research report on Monday, November 11th. Two research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $107.75.
Read Our Latest Stock Report on CRH
CRH Profile
(
Free Report)
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.
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