Bank of New York Mellon Corp Grows Stake in CRH plc (NYSE:CRH)

Bank of New York Mellon Corp lifted its stake in CRH plc (NYSE:CRH) by 10.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,609,451 shares of the construction company’s stock after buying an additional 826,758 shares during the period. Bank of New York Mellon Corp owned approximately 1.27% of CRH worth $796,546,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of CRH. Allspring Global Investments Holdings LLC boosted its holdings in CRH by 47.3% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 33,409 shares of the construction company’s stock worth $3,098,000 after acquiring an additional 10,729 shares during the period. International Assets Investment Management LLC acquired a new position in shares of CRH during the third quarter worth $7,895,000. Dakota Wealth Management boosted its stake in shares of CRH by 13.5% in the third quarter. Dakota Wealth Management now owns 3,194 shares of the construction company’s stock valued at $296,000 after purchasing an additional 379 shares during the period. Allworth Financial LP grew its stake in shares of CRH by 4.3% during the third quarter. Allworth Financial LP now owns 8,726 shares of the construction company’s stock valued at $809,000 after acquiring an additional 357 shares in the last quarter. Finally, Arkadios Wealth Advisors acquired a new stake in CRH during the 3rd quarter valued at approximately $206,000. Institutional investors and hedge funds own 62.50% of the company’s stock.

Analyst Ratings Changes

Several research firms recently issued reports on CRH. Hsbc Global Res raised shares of CRH to a “strong-buy” rating in a report on Monday, November 11th. DA Davidson 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 Monday, November 11th. Barclays started coverage on CRH in a research report on Tuesday, October 29th. They set an “overweight” rating and a $110.00 price target on the stock. HSBC assumed coverage on CRH in a report on Monday, November 11th. They issued a “buy” rating and a $116.00 price objective for the company. Finally, Truist Financial lifted their target price on CRH from $110.00 to $120.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Two 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 company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $107.75.

CRH Trading Down 0.0 %

CRH stock opened at $100.34 on Wednesday. CRH plc has a 1-year low of $71.18 and a 1-year high of $110.97. The business’s 50 day moving average is $98.08 and its 200-day moving average is $95.02. The firm has a market cap of $68.15 billion, a P/E ratio of 20.07, a P/E/G ratio of 1.15 and a beta of 1.30.

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.