Wilmington Savings Fund Society FSB Increases Stock Position in CRH plc (NYSE:CRH)

Wilmington Savings Fund Society FSB boosted its holdings in CRH plc (NYSE:CRH) by 28.5% in the fourth quarter, Holdings Channel reports. The institutional investor owned 6,103 shares of the construction company’s stock after acquiring an additional 1,355 shares during the quarter. Wilmington Savings Fund Society FSB’s holdings in CRH were worth $565,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. FMR LLC grew its position in shares of CRH by 33.4% in the third quarter. FMR LLC now owns 36,156,017 shares of the construction company’s stock valued at $3,341,258,000 after purchasing an additional 9,055,354 shares in the last quarter. Franklin Resources Inc. boosted its stake in CRH by 8.7% in the 3rd quarter. Franklin Resources Inc. now owns 14,351,050 shares of the construction company’s stock worth $1,329,796,000 after purchasing an additional 1,148,708 shares during the period. State Street Corp grew its holdings in CRH by 4.9% during the 3rd quarter. State Street Corp now owns 13,139,233 shares of the construction company’s stock valued at $1,218,532,000 after buying an additional 618,786 shares in the last quarter. Geode Capital Management LLC increased its position in shares of CRH by 2.1% during the third quarter. Geode Capital Management LLC now owns 7,985,356 shares of the construction company’s stock valued at $738,113,000 after buying an additional 165,825 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of CRH by 515.7% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,103,194 shares of the construction company’s stock worth $473,270,000 after buying an additional 4,274,336 shares in the last quarter. Institutional investors own 62.50% of the company’s stock.

CRH Stock Down 1.3 %

NYSE CRH opened at $102.04 on Tuesday. The company has a 50-day simple moving average of $97.10 and a two-hundred day simple moving average of $93.03. CRH plc has a 12-month low of $71.18 and a 12-month high of $105.58. The firm has a market cap of $69.31 billion, a price-to-earnings ratio of 20.41, a PEG ratio of 1.18 and a beta of 1.30.

Analyst Upgrades and Downgrades

Several analysts have issued reports on CRH shares. StockNews.com upgraded shares of CRH from a “hold” rating to a “buy” rating in a research note on Monday, November 11th. HSBC assumed coverage on CRH in a research report on Monday, November 11th. They issued a “buy” rating and a $116.00 price objective on the stock. Barclays began coverage on CRH in a research note on Tuesday, October 29th. They issued an “overweight” rating and a $110.00 target price on the stock. Citigroup dropped their price target on CRH from $120.00 to $115.00 and set a “buy” rating for the company in a research report on Monday, January 6th. Finally, DA Davidson upped their price objective on shares of CRH from $110.00 to $120.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. One equities research analyst has rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, CRH currently has an average rating of “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.