Ninety One SA PTY Ltd Purchases 4,364 Shares of CRH plc (NYSE:CRH)

Ninety One SA PTY Ltd increased its position in CRH plc (NYSE:CRH - Free Report) by 8.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 56,484 shares of the construction company's stock after purchasing an additional 4,364 shares during the period. CRH makes up approximately 1.2% of Ninety One SA PTY Ltd's holdings, making the stock its 25th biggest position. Ninety One SA PTY Ltd's holdings in CRH were worth $5,226,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of CRH. Deseret Mutual Benefit Administrators bought a new position in CRH during the 3rd quarter valued at about $25,000. UMB Bank n.a. increased its position in shares of CRH by 72.7% during the 3rd quarter. UMB Bank n.a. now owns 297 shares of the construction company's stock valued at $28,000 after purchasing an additional 125 shares during the last quarter. Heck Capital Advisors LLC purchased a new stake in shares of CRH during the 4th quarter valued at about $32,000. Meeder Asset Management Inc. purchased a new stake in shares of CRH during the 3rd quarter valued at about $35,000. Finally, Baillie Gifford & Co. increased its position in shares of CRH by 70.7% during the 3rd quarter. Baillie Gifford & Co. now owns 391 shares of the construction company's stock valued at $36,000 after purchasing an additional 162 shares during the last quarter. Institutional investors own 62.50% of the company's stock.

CRH Stock Performance

CRH traded down $1.75 during trading on Friday, reaching $103.44. 4,705,962 shares of the company traded hands, compared to its average volume of 3,413,659. CRH plc has a 12-month low of $71.18 and a 12-month high of $105.58. The firm has a fifty day simple moving average of $97.10 and a 200 day simple moving average of $92.86. The company has a market cap of $70.26 billion, a P/E ratio of 20.69, a PEG ratio of 1.18 and a beta of 1.30.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on CRH. Barclays began coverage on shares of CRH in a research report on Tuesday, October 29th. They set an "overweight" rating and a $110.00 price target for the company. DA Davidson upped their price target on shares of CRH from $110.00 to $120.00 and gave the company a "buy" rating in a research report on Monday, November 11th. HSBC assumed coverage on shares of CRH in a research report on Monday, November 11th. They set a "buy" rating and a $116.00 price target for the company. StockNews.com raised shares of CRH from a "hold" rating to a "buy" rating in a report on Monday, November 11th. Finally, Citigroup reduced their target price on shares of CRH from $120.00 to $115.00 and set a "buy" rating for the company in a report on Monday, January 6th. One investment 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's stock. Based on data from MarketBeat, the company presently has an average rating of "Buy" and an average target price 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.