Crh Plc $CRH Shares Sold by Todd Asset Management LLC

Todd Asset Management LLC lessened its holdings in shares of Crh Plc (NYSE:CRH) by 12.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 472,419 shares of the construction company’s stock after selling 65,261 shares during the period. CRH makes up about 1.1% of Todd Asset Management LLC’s portfolio, making the stock its 25th biggest holding. Todd Asset Management LLC owned about 0.07% of CRH worth $56,644,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CRH. Principal Financial Group Inc. boosted its holdings in CRH by 24.7% in the 3rd 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 stake in shares of CRH in the third quarter worth approximately $4,491,000. Exane Asset Management boosted its stake 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 worth $80,735,000 after acquiring an additional 116,178 shares during the last quarter. Dynasty Wealth Management LLC increased its position in shares of 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 in the last quarter. Finally, StoneX Group Inc. purchased a new position in CRH in the 2nd quarter valued at $1,472,000. 62.50% of the stock is currently owned by hedge funds and other institutional investors.

CRH Stock Performance

Shares of CRH stock opened at $125.99 on Monday. The firm has a market cap of $84.44 billion, a P/E ratio of 25.10, a P/E/G ratio of 1.85 and a beta of 1.33. The firm’s 50 day moving average price is $125.33 and its 200-day moving average price is $117.84. Crh Plc has a one year low of $76.75 and a one year high of $131.55.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. Morgan Stanley increased their target price on shares of CRH from $131.00 to $140.00 and gave the company an “overweight” rating in a research report on Wednesday, December 10th. UBS Group raised their target price on shares of CRH from $138.00 to $147.00 and gave the stock a “buy” rating in a research note on Thursday, January 8th. Jefferies Financial Group restated a “buy” rating on shares of CRH in a research report on Monday, December 1st. Wells Fargo & Company reduced their price objective on CRH from $138.00 to $133.00 and set an “equal weight” rating on the stock in a research report on Thursday, January 29th. Finally, Citigroup boosted their price objective on CRH from $142.00 to $155.00 and gave the stock a “buy” rating in a research note on Thursday, January 8th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $135.87.

About CRH

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.