CRH plc (NYSE:CRH) Shares Bought by Truist Financial Corp

Truist Financial Corp increased its position in CRH plc (NYSE:CRH) by 8.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 206,266 shares of the construction company’s stock after acquiring an additional 16,663 shares during the period. Truist Financial Corp’s holdings in CRH were worth $19,084,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Deseret Mutual Benefit Administrators acquired a new stake in shares of CRH in the 3rd quarter worth about $25,000. Heck Capital Advisors LLC acquired a new stake in shares of CRH in the 4th quarter worth about $32,000. Meeder Asset Management Inc. acquired a new stake in shares of CRH in the 3rd quarter worth about $35,000. Baillie Gifford & Co. increased its holdings in shares of CRH by 70.7% in the 3rd quarter. Baillie Gifford & Co. now owns 391 shares of the construction company’s stock worth $36,000 after acquiring an additional 162 shares during the period. Finally, Spire Wealth Management acquired a new stake in shares of CRH in the 4th quarter worth about $57,000. Institutional investors and hedge funds own 62.50% of the company’s stock.

CRH Trading Down 4.1 %

NYSE:CRH opened at $106.00 on Thursday. CRH plc has a twelve month low of $71.18 and a twelve month high of $110.97. The company has a 50-day moving average of $97.85 and a 200-day moving average of $94.30. The firm has a market cap of $71.99 billion, a price-to-earnings ratio of 21.20, a price-to-earnings-growth ratio of 1.21 and a beta of 1.30.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on CRH shares. HSBC started coverage on shares of CRH in a report on Monday, November 11th. They issued a “buy” rating and a $116.00 price objective on the stock. JPMorgan Chase & Co. increased their target price on shares of CRH from $114.00 to $116.00 and gave the company an “overweight” rating in a research report on Wednesday, November 20th. Barclays started coverage on shares of CRH in a research report on Tuesday, October 29th. They issued an “overweight” rating and a $110.00 target price for the company. StockNews.com lowered shares of CRH from a “buy” rating to a “hold” rating in a research report on Wednesday. Finally, Hsbc Global Res upgraded shares of CRH to a “strong-buy” rating in a research report on Monday, November 11th. 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 company’s stock. According to MarketBeat.com, CRH currently has an average rating of “Moderate Buy” and an average target price of $107.75.

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.