Brentview Investment Management LLC Buys New Position in CRH plc (NYSE:CRH)

Brentview Investment Management LLC purchased a new position in shares of CRH plc (NYSE:CRH - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 43,551 shares of the construction company's stock, valued at approximately $4,029,000. CRH makes up 2.3% of Brentview Investment Management LLC's portfolio, making the stock its 20th largest position.

Other large investors have also made changes to their positions in the company. FMR LLC lifted its stake in CRH by 33.4% in the 3rd quarter. FMR LLC now owns 36,156,017 shares of the construction company's stock valued at $3,341,258,000 after purchasing an additional 9,055,354 shares during the last quarter. Franklin Resources Inc. lifted its stake in CRH by 8.7% in the 3rd quarter. Franklin Resources Inc. now owns 14,351,050 shares of the construction company's stock valued at $1,329,796,000 after purchasing an additional 1,148,708 shares during the last quarter. State Street Corp lifted its stake in CRH by 4.9% in the 3rd quarter. State Street Corp now owns 13,139,233 shares of the construction company's stock valued at $1,218,532,000 after purchasing an additional 618,786 shares during the last quarter. Geode Capital Management LLC lifted its stake in CRH by 2.1% in the 3rd quarter. Geode Capital Management LLC now owns 7,985,356 shares of the construction company's stock valued at $738,113,000 after purchasing an additional 165,825 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in CRH by 515.7% in the 3rd 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 purchasing an additional 4,274,336 shares during the last quarter. Institutional investors and hedge funds own 62.50% of the company's stock.

Analyst Ratings Changes

CRH has been the subject of several recent research reports. JPMorgan Chase & Co. upped their price target on shares of CRH from $114.00 to $116.00 and gave the company an "overweight" rating in a research report on Wednesday, November 20th. StockNews.com upgraded shares of CRH from a "hold" rating to a "buy" rating in a research report on Monday, November 11th. Citigroup decreased their price target 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. Morgan Stanley upped their price target 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. Finally, Hsbc Global Res raised shares of CRH to a "strong-buy" rating in a research note on Monday, November 11th. One analyst has rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Buy" and an average price target of $107.75.

CRH Price Performance

Shares of CRH stock traded up $3.95 during trading on Thursday, reaching $105.11. 8,346,077 shares of the company traded hands, compared to its average volume of 3,472,791. The firm has a market capitalization of $71.39 billion, a PE ratio of 21.02, a P/E/G ratio of 1.08 and a beta of 1.30. The company has a 50 day moving average price of $97.02 and a 200-day moving average price of $92.63. CRH plc has a 1-year low of $71.18 and a 1-year high of $105.58.

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.