Crh Plc $CRH Shares Sold by Caisse Des Depots ET Consignations

Caisse Des Depots ET Consignations decreased its holdings in Crh Plc (NYSE:CRH) by 8.6% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 66,185 shares of the construction company’s stock after selling 6,221 shares during the period. Caisse Des Depots ET Consignations’ holdings in CRH were worth $7,936,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Principal Financial Group Inc. boosted its stake in CRH by 24.7% during the third quarter. Principal Financial Group Inc. now owns 2,269,271 shares of the construction company’s stock worth $272,086,000 after buying an additional 448,860 shares during the last quarter. Park Avenue Securities LLC acquired a new position in shares of CRH during the 3rd quarter valued at about $4,491,000. Exane Asset Management grew its holdings in shares of CRH by 21.2% in the third quarter. Exane Asset Management now owns 663,774 shares of the construction company’s stock valued at $80,735,000 after purchasing an additional 116,178 shares during the period. Dynasty Wealth Management LLC increased its position in CRH by 77.5% during the third quarter. Dynasty Wealth Management LLC now owns 34,077 shares of the construction company’s stock worth $4,086,000 after purchasing an additional 14,877 shares during the last quarter. Finally, StoneX Group Inc. purchased a new position in CRH during the second quarter worth about $1,472,000. 62.50% of the stock is currently owned by institutional investors and hedge funds.

CRH Stock Performance

Shares of NYSE CRH opened at $127.75 on Thursday. The stock’s 50-day simple moving average is $125.17 and its 200-day simple moving average is $117.33. The firm has a market capitalization of $85.62 billion, a PE ratio of 25.45, a price-to-earnings-growth ratio of 1.89 and a beta of 1.33. Crh Plc has a fifty-two week low of $76.75 and a fifty-two week high of $131.55.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. JPMorgan Chase & Co. raised their price target on shares of CRH from $130.00 to $135.00 and gave the stock an “overweight” rating in a report on Tuesday, November 11th. DA Davidson lifted their target price on CRH from $110.00 to $116.00 and gave the company a “neutral” rating in a research report on Wednesday, November 12th. Jefferies Financial Group reissued a “buy” rating on shares of CRH in a research report on Monday, December 1st. BNP Paribas Exane raised shares of CRH to a “strong-buy” rating in a research report on Friday, January 23rd. Finally, Citigroup increased their target price on shares of CRH from $142.00 to $155.00 and gave the stock a “buy” rating in a research note on Thursday, January 8th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $135.87.

CRH Profile

CRH plc, originally formed as Cement Roadstone Holdings in 1970 and headquartered in Dublin, Ireland, is a global building materials group. The company has grown from its Irish roots into one of the largest international suppliers of construction materials, expanding primarily through acquisitions and regional business development. CRH operates an integrated network of manufacturing and distribution businesses that serve both public and private construction markets.

CRH’s core activities include the production and distribution of aggregates, cement, asphalt, ready-mixed concrete and other bulk materials, together with a broad range of value-added building products such as precast concrete, masonry, bricks, roofing products, pipe and drainage systems, and construction accessories.