Fisher Funds Management LTD Purchases Shares of 83,296 CRH plc (NYSE:CRH)

Fisher Funds Management LTD purchased a new stake in CRH plc (NYSE:CRH) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 83,296 shares of the construction company’s stock, valued at approximately $7,729,000.

A number of other institutional investors have also recently made changes to their positions in the stock. Deseret Mutual Benefit Administrators grew its position in shares of CRH by 87.7% in the 4th quarter. Deseret Mutual Benefit Administrators now owns 505 shares of the construction company’s stock valued at $47,000 after buying an additional 236 shares during the last quarter. Wolverine Asset Management LLC lifted its stake in shares of CRH by 131.6% in the 4th quarter. Wolverine Asset Management LLC now owns 44,000 shares of the construction company’s stock valued at $4,071,000 after purchasing an additional 25,000 shares during the period. ING Groep NV lifted its stake in shares of CRH by 474.0% in the 4th quarter. ING Groep NV now owns 574,000 shares of the construction company’s stock valued at $53,106,000 after purchasing an additional 474,000 shares during the period. Boston Financial Mangement LLC lifted its stake in shares of CRH by 1.3% in the 4th quarter. Boston Financial Mangement LLC now owns 270,768 shares of the construction company’s stock valued at $25,051,000 after purchasing an additional 3,531 shares during the period. Finally, Ieq Capital LLC lifted its stake in shares of CRH by 1,548.6% in the 4th quarter. Ieq Capital LLC now owns 60,140 shares of the construction company’s stock valued at $5,564,000 after purchasing an additional 56,492 shares during the period. Institutional investors own 62.50% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on CRH. DA Davidson boosted their price objective on CRH from $110.00 to $120.00 and gave the company a “buy” rating in a research note on Monday, November 11th. Citigroup dropped their price objective on CRH from $120.00 to $115.00 and set a “buy” rating on the stock in a research note on Monday, January 6th. Truist Financial boosted their price objective on CRH from $110.00 to $120.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Barclays began coverage on CRH in a research note on Tuesday, October 29th. They issued an “overweight” rating and a $110.00 price objective on the stock. Finally, Hsbc Global Res raised CRH to a “strong-buy” rating in a research note on Monday, November 11th. Two research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, CRH has a consensus rating of “Moderate Buy” and an average price target of $107.75.

CRH Stock Performance

CRH stock opened at $100.26 on Friday. The company has a market cap of $68.09 billion, a P/E ratio of 20.05, a price-to-earnings-growth ratio of 1.15 and a beta of 1.30. CRH plc has a fifty-two week low of $71.18 and a fifty-two week high of $110.97. The stock’s 50 day simple moving average is $97.97 and its 200 day simple moving average is $94.63.

About CRH

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.