Sumitomo Mitsui DS Asset Management Company Ltd Purchases 12,076 Shares of CRH plc (NYSE:CRH)

Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in CRH plc (NYSE:CRH - Free Report) by 19.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 72,778 shares of the construction company's stock after purchasing an additional 12,076 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd's holdings in CRH were worth $6,733,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of CRH. Deseret Mutual Benefit Administrators acquired a new position in CRH during the third quarter worth about $25,000. UMB Bank n.a. raised its stake in CRH by 72.7% during the third quarter. UMB Bank n.a. now owns 297 shares of the construction company's stock worth $28,000 after acquiring an additional 125 shares in the last quarter. Heck Capital Advisors LLC acquired a new position in CRH during the fourth quarter worth about $32,000. Meeder Asset Management Inc. acquired a new position in CRH during the third quarter worth about $35,000. Finally, Baillie Gifford & Co. raised its stake in CRH by 70.7% during the third quarter. Baillie Gifford & Co. now owns 391 shares of the construction company's stock worth $36,000 after acquiring an additional 162 shares in the last quarter. Institutional investors own 62.50% of the company's stock.

Analyst Ratings Changes

Several brokerages have commented on CRH. DA Davidson boosted their target price on CRH from $110.00 to $120.00 and gave the stock a "buy" rating in a research note on Monday, November 11th. Citigroup reduced their price target on CRH from $120.00 to $115.00 and set a "buy" rating on the stock in a report on Monday, January 6th. HSBC assumed coverage on CRH in a report on Monday, November 11th. They set a "buy" rating and a $116.00 price target on the stock. JPMorgan Chase & Co. boosted their price target on CRH from $114.00 to $116.00 and gave the stock an "overweight" rating in a report on Wednesday, November 20th. Finally, Hsbc Global Res upgraded CRH to a "strong-buy" rating in a report on Monday, November 11th. One analyst has rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus target price of $107.75.

CRH Stock Up 1.3 %

NYSE CRH traded up $1.35 on Wednesday, reaching $104.33. The company had a trading volume of 8,595,805 shares, compared to its average volume of 3,686,615. The stock has a market capitalization of $70.86 billion, a P/E ratio of 20.87, a P/E/G ratio of 1.18 and a beta of 1.30. The company's fifty day moving average is $97.10 and its 200 day moving average is $93.34. CRH plc has a 52-week low of $71.18 and a 52-week high of $105.58.

CRH Company 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.