Deseret Mutual Benefit Administrators Grows Stock Position in CRH plc (NYSE:CRH)

Deseret Mutual Benefit Administrators increased its holdings in CRH plc (NYSE:CRH) by 87.7% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 505 shares of the construction company’s stock after buying an additional 236 shares during the period. Deseret Mutual Benefit Administrators’ holdings in CRH were worth $47,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in CRH. FMR LLC boosted its position in shares of CRH by 33.4% in the 3rd quarter. FMR LLC now owns 36,156,017 shares of the construction company’s stock worth $3,341,258,000 after buying an additional 9,055,354 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of CRH by 515.7% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,103,194 shares of the construction company’s stock worth $473,270,000 after buying an additional 4,274,336 shares in the last quarter. Franklin Resources Inc. boosted its position in shares of CRH by 8.7% in the 3rd quarter. Franklin Resources Inc. now owns 14,351,050 shares of the construction company’s stock worth $1,329,796,000 after buying an additional 1,148,708 shares in the last quarter. Nordea Investment Management AB boosted its position in shares of CRH by 48.2% in 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 in the last quarter. Finally, Janus Henderson Group PLC boosted its position in shares of CRH by 21.4% in the 3rd quarter. Janus Henderson Group PLC now owns 3,688,831 shares of the construction company’s stock worth $337,477,000 after buying an additional 649,993 shares in the last quarter. 62.50% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Barclays assumed coverage on shares of CRH in a research note on Tuesday, October 29th. They set an “overweight” rating and a $110.00 price target on the stock. JPMorgan Chase & Co. raised their price target on shares of CRH from $114.00 to $116.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 20th. DA Davidson raised their price target on shares of CRH from $110.00 to $120.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. StockNews.com cut shares of CRH from a “buy” rating to a “hold” rating in a research note on Wednesday. Finally, Truist Financial raised their price target on shares of CRH from $110.00 to $120.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Two analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $107.75.

CRH Stock Performance

NYSE CRH opened at $100.26 on Friday. CRH plc has a one year low of $71.18 and a one year high of $110.97. The company’s 50 day moving average price is $97.97 and its 200 day moving average price is $94.63. The firm has a market capitalization of $68.09 billion, a price-to-earnings ratio of 20.05, a PEG ratio of 1.15 and a beta of 1.30.

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.