CRH plc (NYSE:CRH) Shares Purchased by Wolverine Asset Management LLC

Wolverine Asset Management LLC grew its holdings in shares of CRH plc (NYSE:CRH) by 131.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 44,000 shares of the construction company’s stock after buying an additional 25,000 shares during the period. Wolverine Asset Management LLC’s holdings in CRH were worth $4,071,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

CRH Stock Down 3.3 %

CRH opened at $102.59 on Friday. The business has a 50 day moving average price of $97.93 and a two-hundred day moving average price of $94.36. The company has a market cap of $69.68 billion, a PE ratio of 20.52, a P/E/G ratio of 1.24 and a beta of 1.30. CRH plc has a 52 week low of $71.18 and a 52 week high of $110.97.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on CRH. Truist Financial lifted their price target on CRH from $110.00 to $120.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Hsbc Global Res raised CRH to a “strong-buy” rating in a report on Monday, November 11th. Citigroup reduced their target price on CRH from $120.00 to $115.00 and set a “buy” rating for the company in a report on Monday, January 6th. HSBC began coverage on CRH in a report on Monday, November 11th. They issued a “buy” rating and a $116.00 target price for the company. Finally, DA Davidson boosted their target price on CRH from $110.00 to $120.00 and gave the company a “buy” rating in a report on Monday, November 11th. Two research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average 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.