CRH plc (NYSE:CRH) Shares Bought by Wolverine Asset Management LLC

Wolverine Asset Management LLC grew its holdings in shares of CRH plc (NYSE:CRH) by 131.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 44,000 shares of the construction company’s stock after purchasing an additional 25,000 shares during the period. Wolverine Asset Management LLC’s holdings in CRH were worth $4,071,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Deseret Mutual Benefit Administrators acquired a new position in CRH during the 3rd quarter worth approximately $25,000. Heck Capital Advisors LLC acquired a new position in CRH during the 4th quarter worth approximately $32,000. Meeder Asset Management Inc. acquired a new position in CRH during the 3rd quarter worth approximately $35,000. Baillie Gifford & Co. increased its position in CRH by 70.7% during the 3rd 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. Finally, Spire Wealth Management acquired a new position in CRH during the 4th quarter worth approximately $57,000. Institutional investors and hedge funds own 62.50% of the company’s stock.

CRH Stock Performance

CRH stock opened at $102.59 on Friday. CRH plc has a 1 year low of $71.18 and a 1 year high of $110.97. The stock’s 50 day moving average price is $97.93 and its 200 day moving average price is $94.36. The firm has a market cap of $69.68 billion, a P/E ratio of 20.52, a PEG ratio of 1.24 and a beta of 1.30.

Analysts Set New Price Targets

Several equities analysts have issued reports on CRH shares. JPMorgan Chase & Co. boosted their target price on CRH from $114.00 to $116.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 20th. Barclays started coverage on CRH in a report on Tuesday, October 29th. They issued an “overweight” rating and a $110.00 price target on the stock. Hsbc Global Res upgraded CRH to a “strong-buy” rating in a report on Monday, November 11th. Morgan Stanley upped their price target on CRH from $95.00 to $104.00 and gave the stock an “overweight” rating in a report on Monday, November 11th. Finally, Truist Financial upped 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. Two equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, CRH presently has an average rating of “Moderate Buy” and a consensus price target of $107.75.

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.