Ninety One UK Ltd Has $235.73 Million Stake in CRH plc (NYSE:CRH)

Ninety One UK Ltd boosted its holdings in shares of CRH plc (NYSE:CRH - Free Report) by 9.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,547,826 shares of the construction company's stock after purchasing an additional 209,328 shares during the period. Ninety One UK Ltd owned 0.38% of CRH worth $235,725,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. AQR Capital Management LLC acquired a new position in shares of CRH during the second quarter worth approximately $628,000. Cetera Investment Advisers lifted its holdings in CRH by 1.2% during the 2nd quarter. Cetera Investment Advisers now owns 54,780 shares of the construction company's stock worth $4,088,000 after buying an additional 632 shares in the last quarter. Sanctuary Advisors LLC bought a new position in CRH in the second quarter valued at about $2,138,000. GAMMA Investing LLC increased its position in CRH by 106.2% in the third quarter. GAMMA Investing LLC now owns 1,291 shares of the construction company's stock worth $120,000 after purchasing an additional 665 shares during the period. Finally, Azzad Asset Management Inc. ADV bought a new stake in CRH during the 3rd quarter worth about $601,000. Institutional investors own 62.50% of the company's stock.

CRH Trading Down 1.7 %

Shares of NYSE CRH traded down $1.75 during mid-day trading on Friday, reaching $103.44. 4,705,962 shares of the company's stock were exchanged, compared to its average volume of 3,413,659. The business has a fifty day simple moving average of $97.10 and a 200 day simple moving average of $92.86. CRH plc has a twelve month low of $71.18 and a twelve month high of $105.58. The firm has a market capitalization of $70.26 billion, a price-to-earnings ratio of 20.69, a PEG ratio of 1.18 and a beta of 1.30.

Analyst Upgrades and Downgrades

CRH has been the topic of several recent research reports. Truist Financial raised their target price on shares of CRH from $110.00 to $120.00 and gave the company a "buy" rating in a research note on Friday, November 8th. Barclays assumed coverage on shares of CRH in a research note on Tuesday, October 29th. They issued an "overweight" rating and a $110.00 price objective on the stock. Citigroup dropped their target price on shares of CRH from $120.00 to $115.00 and set a "buy" rating for the company in a research report on Monday, January 6th. Morgan Stanley raised their price target 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 upped their price objective on CRH from $110.00 to $120.00 and gave the company a "buy" rating in a report on Monday, November 11th. One equities research analyst has rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Buy" and an average price target of $107.75.

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.