CRH plc (NYSE:CRH) Shares Acquired by Global Retirement Partners LLC

Global Retirement Partners LLC boosted its position in CRH plc (NYSE:CRH) by 77.5% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 3,929 shares of the construction company’s stock after acquiring an additional 1,715 shares during the quarter. Global Retirement Partners LLC’s holdings in CRH were worth $363,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. FMR LLC lifted its stake in shares of CRH by 33.4% in the third quarter. FMR LLC now owns 36,156,017 shares of the construction company’s stock worth $3,341,258,000 after acquiring an additional 9,055,354 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised 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 valued at $473,270,000 after purchasing an additional 4,274,336 shares in the last quarter. Franklin Resources Inc. raised 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 valued at $1,329,796,000 after purchasing an additional 1,148,708 shares in the last quarter. Nordea Investment Management AB boosted its stake in shares of CRH by 48.2% during 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 buying an additional 808,061 shares during the last quarter. Finally, Janus Henderson Group PLC grew its position in shares of CRH by 21.4% during the third 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 owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

CRH has been the topic of several recent analyst reports. DA Davidson upped their price target on shares of CRH from $110.00 to $120.00 and gave the company a “buy” rating in a report on Monday, November 11th. Hsbc Global Res raised shares of CRH to a “strong-buy” rating in a research report on Monday, November 11th. StockNews.com downgraded CRH from a “buy” rating to a “hold” rating in a research note on Wednesday, February 19th. Citigroup cut their price objective on CRH from $120.00 to $115.00 and set a “buy” rating on the stock in a research note on Monday, January 6th. Finally, HSBC started coverage on CRH in a research report on Monday, November 11th. They issued a “buy” rating and a $116.00 target price for the company. Two analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $107.75.

CRH Price Performance

Shares of CRH opened at $100.36 on Tuesday. CRH plc has a 12 month low of $71.18 and a 12 month high of $110.97. The stock has a fifty day moving average price of $98.02 and a 200 day moving average price of $94.89. The company has a market cap of $68.16 billion, a P/E ratio of 20.07, a PEG ratio of 1.15 and a beta of 1.30.

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.