Exane Asset Management grew its stake in CRH plc (NYSE:CRH - Free Report) by 73.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 185,074 shares of the construction company's stock after purchasing an additional 78,559 shares during the quarter. CRH comprises about 9.5% of Exane Asset Management's holdings, making the stock its 3rd biggest holding. Exane Asset Management's holdings in CRH were worth $17,123,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also recently modified their holdings of CRH. Sumitomo Mitsui Trust Group Inc. raised its position in shares of CRH by 7.9% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,562,962 shares of the construction company's stock worth $144,605,000 after purchasing an additional 114,072 shares during the last quarter. Park Avenue Securities LLC lifted its stake in shares of CRH by 22.1% in the fourth quarter. Park Avenue Securities LLC now owns 32,557 shares of the construction company's stock worth $3,012,000 after buying an additional 5,889 shares in the last quarter. Merit Financial Group LLC grew its holdings in shares of CRH by 31.8% during the fourth quarter. Merit Financial Group LLC now owns 23,253 shares of the construction company's stock valued at $2,151,000 after buying an additional 5,610 shares during the last quarter. Nordea Investment Management AB grew its holdings in shares of CRH by 48.2% during the fourth quarter. Nordea Investment Management AB now owns 2,484,746 shares of the construction company's stock valued at $231,206,000 after buying an additional 808,061 shares during the last quarter. Finally, Tidal Investments LLC increased its position in shares of CRH by 168.7% during the third quarter. Tidal Investments LLC now owns 22,089 shares of the construction company's stock valued at $2,049,000 after acquiring an additional 13,868 shares in the last quarter. Institutional investors own 62.50% of the company's stock.
Analyst Upgrades and Downgrades
Several research firms recently issued reports on CRH. DA Davidson upped their price objective on CRH from $110.00 to $120.00 and gave the company a "buy" rating in a research report on Monday, November 11th. Citigroup decreased their target price on shares of CRH from $120.00 to $115.00 and set a "buy" rating for the company in a research note on Monday, January 6th. Hsbc Global Res raised shares of CRH to a "strong-buy" rating in a report on Monday, November 11th. JPMorgan Chase & Co. boosted their price objective on CRH from $114.00 to $116.00 and gave the company an "overweight" rating in a research note on Wednesday, November 20th. Finally, Morgan Stanley raised their target price on shares of CRH from $95.00 to $104.00 and gave the stock an "overweight" rating in a research note on Monday, November 11th. One equities research analyst has rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average price target of $107.75.
Read Our Latest Report on CRH
CRH Stock Up 0.9 %
NYSE CRH traded up $0.90 on Tuesday, reaching $102.97. The company had a trading volume of 3,503,813 shares, compared to its average volume of 3,504,797. The stock has a market capitalization of $69.94 billion, a PE ratio of 20.59, a price-to-earnings-growth ratio of 1.18 and a beta of 1.30. The firm's 50 day moving average price is $97.09 and its 200 day moving average price is $93.19. CRH plc has a 12 month low of $71.18 and a 12 month high of $105.58.
About CRH
(
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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