CRH plc (NYSE:CRH) is Exane Asset Management’s 3rd Largest Position

Exane Asset Management boosted its stake in shares of CRH plc (NYSE:CRH) by 73.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 185,074 shares of the construction company’s stock after purchasing an additional 78,559 shares during the period. CRH makes up about 9.5% of Exane Asset Management’s portfolio, making the stock its 3rd biggest position. Exane Asset Management’s holdings in CRH were worth $17,123,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Park Avenue Securities LLC grew its holdings in shares of CRH by 22.1% during the fourth quarter. Park Avenue Securities LLC now owns 32,557 shares of the construction company’s stock valued at $3,012,000 after buying an additional 5,889 shares during the last quarter. Merit Financial Group LLC grew its stake in CRH by 31.8% during the 4th quarter. Merit Financial Group LLC now owns 23,253 shares of the construction company’s stock valued at $2,151,000 after purchasing an additional 5,610 shares during the last quarter. Nordea Investment Management AB grew its stake in CRH by 48.2% during the 4th quarter. Nordea Investment Management AB now owns 2,484,746 shares of the construction company’s stock valued at $231,206,000 after purchasing an additional 808,061 shares during the last quarter. Tidal Investments LLC increased its holdings in shares of CRH by 168.7% in the third quarter. Tidal Investments LLC now owns 22,089 shares of the construction company’s stock valued at $2,049,000 after purchasing an additional 13,868 shares during the period. Finally, Transform Wealth LLC raised its stake in shares of CRH by 10.9% in the fourth quarter. Transform Wealth LLC now owns 125,736 shares of the construction company’s stock worth $11,633,000 after purchasing an additional 12,363 shares during the last quarter. Institutional investors and hedge funds own 62.50% of the company’s stock.

CRH Stock Performance

NYSE:CRH opened at $103.44 on Friday. The stock has a market capitalization of $70.26 billion, a PE ratio of 20.69, a P/E/G ratio of 1.08 and a beta of 1.30. CRH plc has a fifty-two week low of $71.18 and a fifty-two week high of $105.58. The company has a fifty day moving average of $97.08 and a two-hundred day moving average of $92.71.

Wall Street Analyst Weigh In

CRH has been the topic of a number of recent research reports. DA Davidson upped their target price on CRH from $110.00 to $120.00 and gave the company a “buy” rating in a research report on Monday, November 11th. Morgan Stanley raised their target price on shares of CRH from $95.00 to $104.00 and gave the stock an “overweight” rating in a report on Monday, November 11th. Truist Financial upped their price target on shares of CRH from $110.00 to $120.00 and gave the company a “buy” rating in a report on Friday, November 8th. Barclays initiated coverage on CRH in a research note on Tuesday, October 29th. They set an “overweight” rating and a $110.00 price objective for the company. Finally, Citigroup decreased their price objective on CRH from $120.00 to $115.00 and set a “buy” rating for the company in a report on Monday, January 6th. One investment analyst has rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, CRH presently has an average rating of “Buy” and an average 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.