New York State Common Retirement Fund Sells 27,726 Shares of CRH plc (NYSE:CRH)

New York State Common Retirement Fund lessened its stake in CRH plc (NYSE:CRH) by 3.6% during the fourth quarter, Holdings Channel reports. The firm owned 747,185 shares of the construction company’s stock after selling 27,726 shares during the period. New York State Common Retirement Fund’s holdings in CRH were worth $69,130,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new stake in shares of CRH during the fourth quarter valued at approximately $2,335,000. Atria Wealth Solutions Inc. increased its position in shares of CRH by 79.7% during the fourth quarter. Atria Wealth Solutions Inc. now owns 6,208 shares of the construction company’s stock valued at $574,000 after acquiring an additional 2,754 shares during the last quarter. D.A. Davidson & CO. increased its position in shares of CRH by 5.0% during the fourth quarter. D.A. Davidson & CO. now owns 9,199 shares of the construction company’s stock valued at $851,000 after acquiring an additional 437 shares during the last quarter. Truist Financial Corp increased its position in shares of CRH by 8.8% during the fourth quarter. Truist Financial Corp now owns 206,266 shares of the construction company’s stock valued at $19,084,000 after acquiring an additional 16,663 shares during the last quarter. Finally, CIBC Asset Management Inc increased its position in CRH by 13.6% in the fourth quarter. CIBC Asset Management Inc now owns 27,836 shares of the construction company’s stock worth $2,575,000 after buying an additional 3,326 shares during the last quarter. Institutional investors own 62.50% of the company’s stock.

CRH Stock Down 4.1 %

Shares of CRH opened at $106.00 on Thursday. The business’s 50 day moving average price is $97.85 and its 200-day moving average price is $94.30. The stock has a market cap of $71.99 billion, a P/E ratio of 21.20, a P/E/G ratio of 1.21 and a beta of 1.30. CRH plc has a 52 week low of $71.18 and a 52 week high of $110.97.

Analyst Ratings Changes

Several brokerages have recently weighed in on CRH. Barclays initiated coverage on CRH in a research report on Tuesday, October 29th. They issued an “overweight” rating and a $110.00 price target for the company. DA Davidson lifted their price objective on CRH from $110.00 to $120.00 and gave the company a “buy” rating in a research note on Monday, November 11th. HSBC began coverage on CRH in a research note on Monday, November 11th. They set a “buy” rating and a $116.00 price objective for the company. Hsbc Global Res raised CRH to a “strong-buy” rating in a research note on Monday, November 11th. Finally, StockNews.com lowered CRH from a “buy” rating to a “hold” rating in a research note on Wednesday. Two investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $107.75.

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.