CRH plc (NYSE:CRH) Shares Purchased by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. boosted its stake in shares of CRH plc (NYSE:CRH) by 7.9% in the fourth quarter, Holdings Channel reports. The fund owned 1,562,962 shares of the construction company’s stock after purchasing an additional 114,072 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in CRH were worth $144,605,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Deseret Mutual Benefit Administrators purchased a new stake in shares of CRH during the third quarter worth approximately $25,000. UMB Bank n.a. increased its stake in CRH by 72.7% in the 3rd quarter. UMB Bank n.a. now owns 297 shares of the construction company’s stock valued at $28,000 after buying an additional 125 shares during the period. Heck Capital Advisors LLC purchased a new position in CRH during the 4th quarter worth $32,000. Meeder Asset Management Inc. acquired a new stake in shares of CRH in the 3rd quarter worth $35,000. Finally, Baillie Gifford & Co. boosted its holdings in shares of CRH by 70.7% in the third quarter. Baillie Gifford & Co. now owns 391 shares of the construction company’s stock valued at $36,000 after acquiring an additional 162 shares in the last quarter. 62.50% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have recently commented on CRH shares. Truist Financial raised their price target on CRH from $110.00 to $120.00 and gave the company a “buy” rating in a report on Friday, November 8th. Morgan Stanley boosted their target price on shares of CRH from $95.00 to $104.00 and gave the stock an “overweight” rating in a research report on Monday, November 11th. StockNews.com upgraded shares of CRH from a “hold” rating to a “buy” rating in a report on Monday, November 11th. DA Davidson lifted their price objective on CRH from $110.00 to $120.00 and gave the stock a “buy” rating in a report on Monday, November 11th. Finally, Barclays assumed coverage on CRH in a research note on Tuesday, October 29th. They set an “overweight” rating and a $110.00 price target for the company. One equities research analyst has rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $107.75.

CRH Price Performance

CRH stock opened at $103.44 on Friday. The stock has a market capitalization of $70.26 billion, a P/E ratio of 20.69, a P/E/G ratio of 1.08 and a beta of 1.30. CRH plc has a 12-month low of $71.18 and a 12-month high of $105.58. The firm’s 50-day moving average is $97.08 and its two-hundred day moving average is $92.71.

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.