Sumitomo Mitsui Trust Group Inc. Purchases 114,072 Shares of CRH plc (NYSE:CRH)

Sumitomo Mitsui Trust Group Inc. grew its stake in shares of CRH plc (NYSE:CRH - Free Report) by 7.9% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,562,962 shares of the construction company's stock after buying an additional 114,072 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned approximately 0.23% of CRH worth $144,605,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of CRH. Financial Advocates Investment Management boosted its position in CRH by 10.3% during the 4th quarter. Financial Advocates Investment Management now owns 2,963 shares of the construction company's stock worth $274,000 after buying an additional 277 shares during the period. Tectonic Advisors LLC lifted its holdings in shares of CRH by 1.1% during the fourth quarter. Tectonic Advisors LLC now owns 90,844 shares of the construction company's stock worth $8,405,000 after purchasing an additional 992 shares during the period. Stratos Investment Management LLC grew its stake in shares of CRH by 38.8% in the fourth quarter. Stratos Investment Management LLC now owns 63,709 shares of the construction company's stock worth $5,894,000 after purchasing an additional 17,796 shares during the last quarter. Stratos Wealth Partners LTD. acquired a new stake in CRH in the fourth quarter valued at $280,000. Finally, Ninety One SA PTY Ltd raised its position in CRH by 8.4% during the 4th quarter. Ninety One SA PTY Ltd now owns 56,484 shares of the construction company's stock worth $5,226,000 after purchasing an additional 4,364 shares during the last quarter. 62.50% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Barclays assumed coverage on CRH in a research note on Tuesday, October 29th. They issued an "overweight" rating and a $110.00 price target for the company. Morgan Stanley increased their target price 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. StockNews.com upgraded shares of CRH from a "hold" rating to a "buy" rating in a research report on Monday, November 11th. HSBC initiated coverage on shares of CRH in a research report on Monday, November 11th. They set a "buy" rating and a $116.00 price objective for the company. Finally, Truist Financial boosted their target price on shares of CRH from $110.00 to $120.00 and gave the company a "buy" rating in a report on Friday, November 8th. One investment analyst has rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus target price of $107.75.

CRH Stock Performance

Shares of NYSE CRH traded up $0.90 during midday trading on Tuesday, hitting $102.97. 3,503,813 shares of the stock traded hands, compared to its average volume of 3,504,797. CRH plc has a one year low of $71.18 and a one year high of $105.58. The business has a 50 day moving average price of $97.09 and a two-hundred day moving average price of $93.19. The company has a market cap of $69.94 billion, a PE ratio of 20.59, a P/E/G ratio of 1.18 and a beta of 1.30.

CRH Profile

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.