CRH plc (NYSE:CRH) Shares Acquired by National Pension Service

National Pension Service increased its position in shares of CRH plc (NYSE:CRH) by 13.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,983,351 shares of the construction company’s stock after purchasing an additional 236,212 shares during the period. National Pension Service owned 0.29% of CRH worth $183,500,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. FMR LLC boosted its stake in CRH by 33.4% during the third quarter. FMR LLC now owns 36,156,017 shares of the construction company’s stock valued at $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 lifted its holdings in 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 valued at $473,270,000 after acquiring an additional 4,274,336 shares during the last quarter. Franklin Resources Inc. boosted its position in shares of CRH by 8.7% during the 3rd quarter. Franklin Resources Inc. now owns 14,351,050 shares of the construction company’s stock valued at $1,329,796,000 after purchasing an additional 1,148,708 shares in the last quarter. Bank of New York Mellon Corp grew its stake in shares of CRH by 10.6% in the 4th quarter. Bank of New York Mellon Corp now owns 8,609,451 shares of the construction company’s stock worth $796,546,000 after purchasing an additional 826,758 shares during the last quarter. Finally, Nordea Investment Management AB raised its holdings 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 purchasing an additional 808,061 shares in the last quarter. 62.50% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

CRH has been the subject of a number of research reports. Hsbc Global Res upgraded shares of CRH to a “strong-buy” rating in a report on Monday, November 11th. JPMorgan Chase & Co. raised their price objective on CRH from $114.00 to $116.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 20th. Truist Financial boosted their target price on CRH from $110.00 to $120.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. DA Davidson increased their price target on CRH from $110.00 to $120.00 and gave the company a “buy” rating in a research report on Monday, November 11th. Finally, Morgan Stanley boosted their price objective on CRH from $95.00 to $104.00 and gave the stock an “overweight” rating in a report on Monday, November 11th. One investment analyst has rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, CRH presently has an average rating of “Buy” and a consensus target price of $107.75.

CRH Stock Performance

CRH stock opened at $102.26 on Thursday. The firm has a 50 day simple moving average of $98.25 and a 200 day simple moving average of $95.07. CRH plc has a 52 week low of $71.18 and a 52 week high of $110.97. The stock has a market cap of $69.46 billion, a P/E ratio of 20.45, a P/E/G 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.