CRH plc (NYSE:CRH) Shares Acquired by Fjarde AP Fonden Fourth Swedish National Pension Fund

Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its holdings in CRH plc (NYSE:CRH) by 16.5% during the fourth quarter, Holdings Channel.com reports. The fund owned 181,600 shares of the construction company’s stock after acquiring an additional 25,700 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in CRH were worth $16,802,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in CRH. Arkadios Wealth Advisors raised its holdings in shares of CRH by 4.9% in the fourth quarter. Arkadios Wealth Advisors now owns 2,335 shares of the construction company’s stock worth $216,000 after acquiring an additional 109 shares during the last quarter. Lindbrook Capital LLC increased its position in CRH by 2.9% during the 3rd quarter. Lindbrook Capital LLC now owns 4,815 shares of the construction company’s stock worth $447,000 after purchasing an additional 135 shares in the last quarter. MassMutual Private Wealth & Trust FSB raised its stake in CRH by 18.3% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 971 shares of the construction company’s stock valued at $90,000 after purchasing an additional 150 shares during the last quarter. Manitou Investment Management Ltd. lifted its holdings in CRH by 1.4% in the 4th quarter. Manitou Investment Management Ltd. now owns 11,203 shares of the construction company’s stock valued at $1,037,000 after purchasing an additional 160 shares in the last quarter. Finally, Baillie Gifford & Co. lifted its holdings in CRH by 70.7% in the 3rd quarter. Baillie Gifford & Co. now owns 391 shares of the construction company’s stock valued at $36,000 after purchasing an additional 162 shares in the last quarter. 62.50% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages recently issued reports on CRH. Hsbc Global Res upgraded shares of CRH to a “strong-buy” rating in a research report on Monday, November 11th. StockNews.com cut CRH from a “buy” rating to a “hold” rating in a report on Wednesday, February 19th. DA Davidson lifted their price objective on CRH from $110.00 to $120.00 and gave the company a “buy” rating in a research report on Monday, November 11th. Citigroup reduced their target price on CRH from $120.00 to $115.00 and set a “buy” rating on the stock in a research report on Monday, January 6th. Finally, Barclays initiated coverage on CRH in a report on Tuesday, October 29th. They issued an “overweight” rating and a $110.00 price target for the company. Two investment 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 stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $107.75.

CRH Trading Down 2.3 %

Shares of CRH stock opened at $100.26 on Monday. The company has a market cap of $68.09 billion, a PE ratio of 20.05, a P/E/G ratio of 1.15 and a beta of 1.30. The company’s fifty day simple moving average is $97.97 and its 200-day simple moving average is $94.76. CRH plc has a 52 week low of $71.18 and a 52 week high of $110.97.

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.