Y Intercept Hong Kong Ltd Acquires Shares of 14,132 CRH plc (NYSE:CRH)

Y Intercept Hong Kong Ltd acquired a new stake in shares of CRH plc (NYSE:CRH) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 14,132 shares of the construction company’s stock, valued at approximately $1,307,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CRH. Fjarde AP Fonden Fourth Swedish National Pension Fund raised its stake in shares of CRH by 16.5% during the 4th quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 181,600 shares of the construction company’s stock worth $16,802,000 after buying an additional 25,700 shares in the last quarter. Howard Capital Management Inc. purchased a new position in shares of CRH during the 4th quarter worth approximately $400,000. TCW Group Inc. raised its stake in shares of CRH by 8.4% during the 4th quarter. TCW Group Inc. now owns 46,801 shares of the construction company’s stock worth $4,330,000 after buying an additional 3,614 shares in the last quarter. Fisher Funds Management LTD purchased a new position in shares of CRH during the 4th quarter worth approximately $7,729,000. Finally, Deseret Mutual Benefit Administrators raised its stake in shares of CRH by 87.7% during the 4th quarter. Deseret Mutual Benefit Administrators now owns 505 shares of the construction company’s stock worth $47,000 after buying an additional 236 shares in the last quarter. 62.50% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have recently issued reports on CRH. Truist Financial increased their target price on CRH from $110.00 to $120.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Morgan Stanley increased their target price on CRH from $95.00 to $104.00 and gave the stock an “overweight” rating in a research note on Monday, November 11th. Citigroup cut their target price on CRH from $120.00 to $115.00 and set a “buy” rating for the company in a research note on Monday, January 6th. StockNews.com raised CRH from a “hold” rating to a “buy” rating in a research note on Thursday. Finally, HSBC began coverage on CRH in a report on Monday, November 11th. They issued a “buy” rating and a $116.00 price target on the stock. One research analyst has rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $107.75.

CRH Price Performance

NYSE:CRH opened at $102.26 on Thursday. The business’s 50-day moving average is $98.25 and its two-hundred day moving average is $95.07. CRH plc has a 12 month low of $71.18 and a 12 month high of $110.97. The firm has a market capitalization of $69.46 billion, a PE ratio of 20.45, a price-to-earnings-growth 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.