Truist Financial Corp Has $19.08 Million Stock Position in CRH plc (NYSE:CRH)

Truist Financial Corp boosted its holdings in shares of CRH plc (NYSE:CRH - Free Report) by 8.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 206,266 shares of the construction company's stock after purchasing an additional 16,663 shares during the quarter. Truist Financial Corp's holdings in CRH were worth $19,084,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Sumitomo Mitsui Trust Group Inc. boosted its stake in CRH by 7.9% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,562,962 shares of the construction company's stock valued at $144,605,000 after purchasing an additional 114,072 shares during the period. Park Avenue Securities LLC boosted its stake in CRH by 22.1% during the 4th quarter. Park Avenue Securities LLC now owns 32,557 shares of the construction company's stock valued at $3,012,000 after purchasing an additional 5,889 shares during the period. Merit Financial Group LLC boosted its stake in CRH by 31.8% during the 4th quarter. Merit Financial Group LLC now owns 23,253 shares of the construction company's stock valued at $2,151,000 after purchasing an additional 5,610 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in CRH by 19.9% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 72,778 shares of the construction company's stock valued at $6,733,000 after purchasing an additional 12,076 shares during the period. Finally, Nordea Investment Management AB lifted its position in shares of CRH by 48.2% in the 4th quarter. Nordea Investment Management AB now owns 2,484,746 shares of the construction company's stock worth $231,206,000 after acquiring an additional 808,061 shares during the period. Institutional investors own 62.50% of the company's stock.

Analyst Ratings Changes

A number of analysts have commented on CRH shares. Citigroup reduced their price objective on CRH from $120.00 to $115.00 and set a "buy" rating for the company in a research report on Monday, January 6th. StockNews.com downgraded CRH from a "buy" rating to a "hold" rating in a research report on Wednesday. HSBC began coverage on CRH in a research report on Monday, November 11th. They issued a "buy" rating and a $116.00 price objective for the company. Morgan Stanley raised their target price on CRH from $95.00 to $104.00 and gave the stock an "overweight" rating in a research report on Monday, November 11th. Finally, DA Davidson raised their target price on CRH from $110.00 to $120.00 and gave the stock a "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 currently has an average rating of "Moderate Buy" and a consensus target price of $107.75.

CRH Stock Down 2.3 %

CRH stock traded down $2.33 during midday trading on Friday, reaching $100.26. 7,263,437 shares of the company's stock traded hands, compared to its average volume of 4,483,675. The company has a 50-day simple moving average of $97.97 and a two-hundred day simple moving average of $94.52. CRH plc has a 1-year low of $71.18 and a 1-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 1.15 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.