Fjarde AP Fonden Fourth Swedish National Pension Fund Boosts Holdings in CRH plc (NYSE:CRH)

Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its stake in CRH plc (NYSE:CRH) by 16.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 181,600 shares of the construction company’s stock after acquiring an additional 25,700 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in CRH were worth $16,802,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the stock. Howard Capital Management Inc. purchased a new stake in CRH in the fourth quarter valued at approximately $400,000. TCW Group Inc. raised its position in CRH by 8.4% in the 4th quarter. TCW Group Inc. now owns 46,801 shares of the construction company’s stock valued at $4,330,000 after purchasing an additional 3,614 shares during the last quarter. Fisher Funds Management LTD purchased a new stake in CRH in the 4th quarter valued at $7,729,000. Deseret Mutual Benefit Administrators boosted its stake in CRH by 87.7% during the 4th quarter. Deseret Mutual Benefit Administrators now owns 505 shares of the construction company’s stock worth $47,000 after purchasing an additional 236 shares during the period. Finally, Wolverine Asset Management LLC grew its position in CRH by 131.6% during the 4th quarter. Wolverine Asset Management LLC now owns 44,000 shares of the construction company’s stock worth $4,071,000 after purchasing an additional 25,000 shares during the last quarter. Institutional investors and hedge funds own 62.50% of the company’s stock.

CRH Stock Down 2.3 %

Shares of NYSE CRH opened at $100.26 on Monday. The stock has a market capitalization of $68.09 billion, a price-to-earnings ratio of 20.05, a price-to-earnings-growth ratio of 1.15 and a beta of 1.30. CRH plc has a 52 week low of $71.18 and a 52 week high of $110.97. The firm has a 50-day moving average price of $97.97 and a 200 day moving average price of $94.76.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on CRH. Barclays began coverage on shares of CRH in a research note on Tuesday, October 29th. They set an “overweight” rating and a $110.00 target price for the company. Morgan Stanley increased their price objective on CRH from $95.00 to $104.00 and gave the stock an “overweight” rating in a research report on Monday, November 11th. Hsbc Global Res raised CRH to a “strong-buy” rating in a report on Monday, November 11th. 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. Finally, DA Davidson boosted their price objective on shares of CRH from $110.00 to $120.00 and gave the company a “buy” rating in a research note on Monday, November 11th. Two equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $107.75.

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.