CRH plc (NYSE:CRH) Stock Position Raised by ING Groep NV

ING Groep NV increased its position in CRH plc (NYSE:CRH - Free Report) by 474.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 574,000 shares of the construction company's stock after buying an additional 474,000 shares during the period. ING Groep NV owned about 0.08% of CRH worth $53,106,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. FMR LLC increased its stake in CRH by 33.4% in the third quarter. FMR LLC now owns 36,156,017 shares of the construction company's stock valued at $3,341,258,000 after purchasing an additional 9,055,354 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of CRH by 515.7% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,103,194 shares of the construction company's stock worth $473,270,000 after acquiring an additional 4,274,336 shares during the period. Franklin Resources Inc. boosted its position in shares of CRH by 8.7% in the third quarter. Franklin Resources Inc. now owns 14,351,050 shares of the construction company's stock worth $1,329,796,000 after acquiring an additional 1,148,708 shares during the last quarter. Nordea Investment Management AB increased its position in CRH by 48.2% during the fourth quarter. Nordea Investment Management AB now owns 2,484,746 shares of the construction company's stock worth $231,206,000 after purchasing an additional 808,061 shares during the last quarter. Finally, Janus Henderson Group PLC boosted its holdings in shares of CRH by 21.4% in the 3rd quarter. Janus Henderson Group PLC now owns 3,688,831 shares of the construction company's stock valued at $337,477,000 after purchasing an additional 649,993 shares during the last quarter. Hedge funds and other institutional investors own 62.50% of the company's stock.

CRH Stock Performance

Shares of NYSE:CRH traded down $2.33 during trading on Friday, hitting $100.26. The company's stock had a trading volume of 7,263,437 shares, compared to its average volume of 4,189,201. CRH plc has a fifty-two week low of $71.18 and a fifty-two week high of $110.97. The stock's 50-day moving average price is $97.93 and its two-hundred day moving average price is $94.36. The company has a market capitalization of $68.09 billion, a PE ratio of 20.05, a PEG ratio of 1.19 and a beta of 1.30.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. Truist Financial increased their target price on CRH from $110.00 to $120.00 and gave the stock a "buy" rating in a research report on Friday, November 8th. DA Davidson lifted their price objective on CRH from $110.00 to $120.00 and gave the company a "buy" rating in a research note on Monday, November 11th. StockNews.com downgraded shares of CRH from a "buy" rating to a "hold" rating in a research report on Wednesday. Citigroup reduced 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. Finally, JPMorgan Chase & Co. increased 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. Two 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.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $107.75.

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.