CIBC Asset Management Inc Acquires 3,326 Shares of CRH plc (NYSE:CRH)

CIBC Asset Management Inc grew its holdings in CRH plc (NYSE:CRH) by 13.6% during the fourth quarter, Holdings Channel reports. The firm owned 27,836 shares of the construction company’s stock after acquiring an additional 3,326 shares during the quarter. CIBC Asset Management Inc’s holdings in CRH were worth $2,575,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in CRH. Arkadios Wealth Advisors lifted its stake in CRH by 4.9% in the fourth quarter. Arkadios Wealth Advisors now owns 2,335 shares of the construction company’s stock valued at $216,000 after buying an additional 109 shares during the period. Lindbrook Capital LLC increased its stake in shares of CRH by 2.9% in the 3rd quarter. Lindbrook Capital LLC now owns 4,815 shares of the construction company’s stock valued at $447,000 after acquiring an additional 135 shares in the last quarter. MassMutual Private Wealth & Trust FSB lifted its position in shares of CRH by 18.3% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 971 shares of the construction company’s stock valued at $90,000 after acquiring an additional 150 shares during the period. Manitou Investment Management Ltd. boosted its stake in CRH by 1.4% during the fourth quarter. Manitou Investment Management Ltd. now owns 11,203 shares of the construction company’s stock worth $1,037,000 after acquiring an additional 160 shares in the last quarter. Finally, Baillie Gifford & Co. grew its holdings in CRH by 70.7% in the third quarter. Baillie Gifford & Co. now owns 391 shares of the construction company’s stock worth $36,000 after purchasing an additional 162 shares during the period. Institutional investors own 62.50% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Truist Financial increased 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 shares of CRH to a “strong-buy” rating in a research report on Monday, November 11th. JPMorgan Chase & Co. upped their price objective on shares of CRH from $114.00 to $116.00 and gave the stock an “overweight” rating in a report on Wednesday, November 20th. Barclays began coverage on shares of CRH in a research note on Tuesday, October 29th. They issued an “overweight” rating and a $110.00 price objective on the stock. Finally, Morgan Stanley boosted their target price on shares of CRH from $95.00 to $104.00 and gave the stock an “overweight” rating in a research report on Monday, November 11th. Two investment 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 stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $107.75.

CRH Trading Down 2.3 %

Shares of NYSE CRH opened at $100.26 on Friday. The firm has a market cap of $68.09 billion, a price-to-earnings ratio of 20.05, a price-to-earnings-growth ratio of 1.19 and a beta of 1.30. The stock has a fifty day simple moving average of $97.97 and a two-hundred day simple moving average of $94.52. CRH plc has a 1-year low of $71.18 and a 1-year high of $110.97.

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.