Mirae Asset Global Investments Co. Ltd. Has $1.79 Million Position in CRH plc (NYSE:CRH)

Mirae Asset Global Investments Co. Ltd. lowered its position in shares of CRH plc (NYSE:CRH - Free Report) by 19.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 19,308 shares of the construction company's stock after selling 4,549 shares during the quarter. Mirae Asset Global Investments Co. Ltd.'s holdings in CRH were worth $1,785,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Deseret Mutual Benefit Administrators bought a new position in CRH in the third quarter valued at approximately $25,000. UMB Bank n.a. lifted its stake in CRH by 72.7% in the third quarter. UMB Bank n.a. now owns 297 shares of the construction company's stock valued at $28,000 after buying an additional 125 shares in the last quarter. Heck Capital Advisors LLC bought a new position in CRH in the fourth quarter valued at approximately $32,000. Meeder Asset Management Inc. bought a new position in CRH in the third quarter valued at approximately $35,000. Finally, Baillie Gifford & Co. lifted its position in shares of CRH by 70.7% in the third quarter. Baillie Gifford & Co. now owns 391 shares of the construction company's stock worth $36,000 after purchasing an additional 162 shares in the last quarter. Institutional investors and hedge funds own 62.50% of the company's stock.

Analyst Ratings Changes

A number of analysts have recently commented on CRH shares. Citigroup cut their price objective 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. JPMorgan Chase & Co. boosted their price objective on shares of CRH from $114.00 to $116.00 and gave the stock an "overweight" rating in a research report on Wednesday, November 20th. Hsbc Global Res raised shares of CRH to a "strong-buy" rating in a research report on Monday, November 11th. Truist Financial boosted their price objective on shares of CRH from $110.00 to $120.00 and gave the stock a "buy" rating in a research report on Friday, November 8th. Finally, Morgan Stanley boosted their price objective on shares of CRH from $95.00 to $104.00 and gave the stock an "overweight" rating in a research report on Monday, November 11th. One research analyst has rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average price target of $107.75.

CRH Stock Performance

CRH traded up $1.81 during trading on Friday, reaching $108.31. 5,720,779 shares of the stock were exchanged, compared to its average volume of 3,840,263. The stock has a market cap of $73.57 billion, a P/E ratio of 21.66, a price-to-earnings-growth ratio of 1.18 and a beta of 1.30. CRH plc has a twelve month low of $71.18 and a twelve month high of $108.39. The stock's 50 day moving average price is $97.20 and its two-hundred day moving average price is $93.51.

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.