Allspring Global Investments Holdings LLC increased its holdings in CRH plc (NYSE:CRH - Free Report) by 303.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 134,852 shares of the construction company's stock after purchasing an additional 101,443 shares during the quarter. Allspring Global Investments Holdings LLC's holdings in CRH were worth $12,520,000 at the end of the most recent reporting period.
Several other institutional investors also recently modified their holdings of CRH. CWM LLC grew its stake in shares of CRH by 91.2% in the third quarter. CWM LLC now owns 4,064 shares of the construction company's stock worth $377,000 after purchasing an additional 1,938 shares during the last quarter. Blue Trust Inc. grew its stake in shares of CRH by 235.6% in the third quarter. Blue Trust Inc. now owns 2,846 shares of the construction company's stock worth $264,000 after purchasing an additional 1,998 shares during the last quarter. Hillman Co. grew its stake in shares of CRH by 31.9% in the third quarter. Hillman Co. now owns 253,152 shares of the construction company's stock worth $23,477,000 after purchasing an additional 61,219 shares during the last quarter. Sequoia Financial Advisors LLC grew its stake in shares of CRH by 26.3% in the third quarter. Sequoia Financial Advisors LLC now owns 9,645 shares of the construction company's stock worth $894,000 after purchasing an additional 2,010 shares during the last quarter. Finally, Narwhal Capital Management grew its stake in shares of CRH by 29.3% in the third quarter. Narwhal Capital Management now owns 64,324 shares of the construction company's stock worth $5,965,000 after purchasing an additional 14,567 shares during the last quarter. Institutional investors own 62.50% of the company's stock.
Analyst Upgrades and Downgrades
A number of analysts have commented on CRH shares. 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. Hsbc Global Res raised shares of CRH to a "strong-buy" rating in a research report on Monday, November 11th. Citigroup cut their price target on shares of CRH from $120.00 to $115.00 and set a "buy" rating on the stock in a research report on Monday, January 6th. Truist Financial upped their price target 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. Finally, Barclays started coverage on shares of CRH in a research report on Tuesday, October 29th. They set an "overweight" rating and a $110.00 price target on the stock. Two equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $107.75.
Check Out Our Latest Report on CRH
CRH Price Performance
Shares of CRH stock traded down $2.33 on Friday, reaching $100.26. 7,263,437 shares of the company were exchanged, compared to its average volume of 4,189,201. CRH plc has a one year low of $71.18 and a one year high of $110.97. The company has a market cap of $68.09 billion, a price-to-earnings ratio of 20.05, a PEG ratio of 1.19 and a beta of 1.30. The company has a 50-day moving average of $97.97 and a 200-day moving average of $94.52.
CRH Profile
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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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