Bank of New York Mellon Corp Purchases 826,758 Shares of CRH plc (NYSE:CRH)

Bank of New York Mellon Corp raised its position in CRH plc (NYSE:CRH) by 10.6% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 8,609,451 shares of the construction company’s stock after purchasing an additional 826,758 shares during the quarter. Bank of New York Mellon Corp’s holdings in CRH were worth $796,546,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in CRH. Sumitomo Mitsui Trust Group Inc. boosted its holdings in shares of 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 worth $144,605,000 after acquiring an additional 114,072 shares in the last quarter. Park Avenue Securities LLC raised its position 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 last quarter. Merit Financial Group LLC boosted its stake in CRH by 31.8% in the fourth quarter. Merit Financial Group LLC now owns 23,253 shares of the construction company’s stock worth $2,151,000 after purchasing an additional 5,610 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in CRH by 19.9% in the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 72,778 shares of the construction company’s stock worth $6,733,000 after purchasing an additional 12,076 shares in the last quarter. Finally, Nordea Investment Management AB grew its holdings in shares of CRH by 48.2% during the fourth 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 during the last quarter. 62.50% of the stock is owned by institutional investors.

Analysts Set New Price Targets

CRH has been the subject of a number of research analyst reports. Hsbc Global Res raised CRH to a “strong-buy” rating in a report on Monday, November 11th. JPMorgan Chase & Co. boosted their target price 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. Truist Financial upped their target price on shares of CRH from $110.00 to $120.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. StockNews.com lowered shares of CRH from a “buy” rating to a “hold” rating in a report on Wednesday, February 19th. Finally, Morgan Stanley upped 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. Two equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $107.75.

CRH Stock Down 0.0 %

CRH stock opened at $100.34 on Wednesday. CRH plc has a twelve month low of $71.18 and a twelve month high of $110.97. The company has a market cap of $68.15 billion, a P/E ratio of 20.07, a price-to-earnings-growth ratio of 1.15 and a beta of 1.30. The business’s fifty day moving average is $98.08 and its 200-day moving average is $95.02.

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.