Crh Plc $CRH Stock Holdings Increased by ING Groep NV

ING Groep NV lifted its holdings in Crh Plc (NYSE:CRH) by 111.1% in the 3rd quarter, HoldingsChannel reports. The firm owned 551,400 shares of the construction company’s stock after purchasing an additional 290,200 shares during the quarter. ING Groep NV’s holdings in CRH were worth $66,113,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the business. Norges Bank acquired a new stake in CRH in the second quarter worth about $1,007,932,000. Eleva Capital SAS bought a new stake in shares of CRH during the 2nd quarter worth about $250,562,000. Massachusetts Financial Services Co. MA boosted its holdings in shares of CRH by 24.3% in the second quarter. Massachusetts Financial Services Co. MA now owns 12,803,346 shares of the construction company’s stock valued at $1,175,347,000 after acquiring an additional 2,499,558 shares in the last quarter. Marshall Wace LLP increased its stake in shares of CRH by 45.3% during the second quarter. Marshall Wace LLP now owns 6,031,903 shares of the construction company’s stock valued at $553,729,000 after acquiring an additional 1,881,550 shares during the period. Finally, Baupost Group LLC MA raised its holdings in CRH by 42.0% during the second quarter. Baupost Group LLC MA now owns 3,825,395 shares of the construction company’s stock worth $351,171,000 after purchasing an additional 1,131,000 shares in the last quarter. 62.50% of the stock is owned by institutional investors and hedge funds.

CRH Price Performance

CRH stock opened at $129.10 on Wednesday. Crh Plc has a fifty-two week low of $76.75 and a fifty-two week high of $131.55. The firm’s 50 day simple moving average is $125.05 and its 200-day simple moving average is $117.25. The company has a market cap of $86.53 billion, a P/E ratio of 25.72, a price-to-earnings-growth ratio of 1.86 and a beta of 1.33.

Analyst Ratings Changes

A number of equities analysts have issued reports on CRH shares. Morgan Stanley lifted their price target on CRH from $131.00 to $140.00 and gave the company an “overweight” rating in a research report on Wednesday, December 10th. BNP Paribas Exane raised CRH to a “strong-buy” rating in a research note on Friday, January 23rd. JPMorgan Chase & Co. boosted their price target on shares of CRH from $130.00 to $135.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 11th. Longbow Research initiated coverage on shares of CRH in a research report on Tuesday, December 16th. They set a “buy” rating and a $160.00 price objective for the company. Finally, Jefferies Financial Group reaffirmed a “buy” rating on shares of CRH in a research note on Monday, December 1st. Two investment 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’s stock. According to data from MarketBeat, CRH 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.