CRH plc (NYSE:CRH) Stake Increased by Deseret Mutual Benefit Administrators

Deseret Mutual Benefit Administrators increased its stake in CRH plc (NYSE:CRH) by 87.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 505 shares of the construction company’s stock after buying an additional 236 shares during the period. Deseret Mutual Benefit Administrators’ holdings in CRH were worth $47,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in CRH. Allspring Global Investments Holdings LLC increased its stake in shares of CRH by 47.3% in the third quarter. Allspring Global Investments Holdings LLC now owns 33,409 shares of the construction company’s stock worth $3,098,000 after buying an additional 10,729 shares during the last quarter. Sequoia Financial Advisors LLC boosted its holdings in CRH by 26.3% in the third quarter. Sequoia Financial Advisors LLC now owns 9,645 shares of the construction company’s stock worth $894,000 after purchasing an additional 2,010 shares during the period. International Assets Investment Management LLC acquired a new position in CRH in the third quarter worth $7,895,000. Dakota Wealth Management boosted its holdings in CRH by 13.5% in the third quarter. Dakota Wealth Management now owns 3,194 shares of the construction company’s stock worth $296,000 after purchasing an additional 379 shares during the period. Finally, Mount Yale Investment Advisors LLC boosted its holdings in CRH by 3.8% in the third quarter. Mount Yale Investment Advisors LLC now owns 9,001 shares of the construction company’s stock worth $835,000 after purchasing an additional 326 shares during the period. Institutional investors own 62.50% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on CRH shares. Truist Financial lifted their price objective on shares of 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 report on Monday, November 11th. JPMorgan Chase & Co. lifted 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. Morgan Stanley lifted their price objective on shares of CRH from $95.00 to $104.00 and gave the stock an “overweight” rating in a report on Monday, November 11th. Finally, StockNews.com downgraded shares of CRH from a “buy” rating to a “hold” rating in a report on Wednesday. Two equities research 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. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $107.75.

CRH Stock Down 2.3 %

CRH stock opened at $100.26 on Friday. The company has a market capitalization of $68.09 billion, a P/E ratio of 20.05, a PEG ratio of 1.15 and a beta of 1.30. The company has a 50-day simple moving average of $97.97 and a 200 day simple moving average of $94.63. CRH plc has a fifty-two week low of $71.18 and a fifty-two week high of $110.97.

CRH 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.