New York State Common Retirement Fund Has $69.13 Million Position in CRH plc (NYSE:CRH)

New York State Common Retirement Fund cut its holdings in shares of CRH plc (NYSE:CRH) by 3.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 747,185 shares of the construction company’s stock after selling 27,726 shares during the quarter. New York State Common Retirement Fund owned about 0.11% of CRH worth $69,130,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Sumitomo Mitsui Trust Group Inc. boosted its stake in CRH by 7.9% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,562,962 shares of the construction company’s stock valued at $144,605,000 after purchasing an additional 114,072 shares during the period. Park Avenue Securities LLC boosted its stake in CRH by 22.1% in the 4th quarter. Park Avenue Securities LLC now owns 32,557 shares of the construction company’s stock valued at $3,012,000 after purchasing an additional 5,889 shares during the period. Merit Financial Group LLC boosted its stake in CRH by 31.8% in the 4th quarter. Merit Financial Group LLC now owns 23,253 shares of the construction company’s stock valued at $2,151,000 after purchasing an additional 5,610 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in CRH by 19.9% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 72,778 shares of the construction company’s stock valued at $6,733,000 after purchasing an additional 12,076 shares during the period. Finally, Nordea Investment Management AB boosted its stake in CRH by 48.2% in the 4th quarter. Nordea Investment Management AB now owns 2,484,746 shares of the construction company’s stock valued at $231,206,000 after purchasing an additional 808,061 shares during the period. 62.50% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on CRH. StockNews.com downgraded CRH from a “buy” rating to a “hold” rating in a research note on Wednesday. HSBC began coverage on CRH in a research note on Monday, November 11th. They issued a “buy” rating and a $116.00 price target for the company. Truist Financial upped their target price on CRH from $110.00 to $120.00 and gave the company a “buy” rating in a research report on Friday, November 8th. DA Davidson upped their target price on CRH from $110.00 to $120.00 and gave the company a “buy” rating in a research report on Monday, November 11th. Finally, Hsbc Global Res upgraded CRH to a “strong-buy” rating in a research report on Monday, November 11th. Two equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $107.75.

CRH Stock Performance

Shares of NYSE:CRH opened at $106.00 on Thursday. The business’s 50 day simple moving average is $97.85 and its two-hundred day simple moving average is $94.30. The firm has a market cap of $71.99 billion, a P/E ratio of 21.20, a PEG ratio of 1.21 and a beta of 1.30. CRH plc has a 52-week low of $71.18 and a 52-week high of $110.97.

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.