Asset Management One Co. Ltd. Grows Stake in CRH plc (NYSE:CRH)

Asset Management One Co. Ltd. boosted its position in shares of CRH plc (NYSE:CRH) by 0.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 245,889 shares of the construction company’s stock after acquiring an additional 761 shares during the quarter. Asset Management One Co. Ltd.’s holdings in CRH were worth $23,010,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of CRH. FMR LLC increased its position in shares of CRH by 33.4% during the 3rd quarter. FMR LLC now owns 36,156,017 shares of the construction company’s stock valued at $3,341,258,000 after purchasing an additional 9,055,354 shares during the last quarter. Franklin Resources Inc. grew its position in CRH by 8.7% during the third quarter. Franklin Resources Inc. now owns 14,351,050 shares of the construction company’s stock valued at $1,329,796,000 after buying an additional 1,148,708 shares during the period. State Street Corp increased its holdings in CRH by 4.9% during the third quarter. State Street Corp now owns 13,139,233 shares of the construction company’s stock valued at $1,218,532,000 after buying an additional 618,786 shares during the last quarter. Geode Capital Management LLC raised its position in CRH by 2.1% in the third quarter. Geode Capital Management LLC now owns 7,985,356 shares of the construction company’s stock worth $738,113,000 after acquiring an additional 165,825 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of CRH by 515.7% during 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 worth $473,270,000 after acquiring an additional 4,274,336 shares during the last quarter. Institutional investors own 62.50% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently commented on CRH. JPMorgan Chase & Co. raised their target price on CRH from $114.00 to $116.00 and gave the stock an “overweight” rating in a report on Wednesday, November 20th. Hsbc Global Res raised shares of CRH to a “strong-buy” rating in a report on Monday, November 11th. DA Davidson raised their target price on shares of CRH from $110.00 to $120.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. Barclays began coverage on shares of CRH in a research report on Tuesday, October 29th. They issued an “overweight” rating and a $110.00 price target for the company. Finally, Citigroup decreased their price target on CRH from $120.00 to $115.00 and set a “buy” rating on the stock in a report on Monday, January 6th. One investment analyst has rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, CRH presently has a consensus rating of “Buy” and a consensus target price of $107.75.

CRH Stock Up 1.7 %

Shares of CRH opened at $108.31 on Friday. The business has a fifty day moving average of $97.30 and a 200 day moving average of $93.69. The company has a market cap of $73.57 billion, a PE ratio of 21.66, a P/E/G ratio of 1.18 and a beta of 1.30. CRH plc has a 52-week low of $71.18 and a 52-week high of $108.39.

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.