Lingotto Investment Management LLP Buys Shares of 59,613 CRH plc (NYSE:CRH)

Lingotto Investment Management LLP purchased a new stake in CRH plc (NYSE:CRH) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 59,613 shares of the construction company’s stock, valued at approximately $5,515,000.

Several other large investors have also modified their holdings of the business. Deseret Mutual Benefit Administrators purchased a new position in CRH in the 3rd quarter valued at about $25,000. Heck Capital Advisors LLC acquired a new position in shares of CRH in the fourth quarter valued at approximately $32,000. Meeder Asset Management Inc. purchased a new position in shares of CRH during the third quarter valued at approximately $35,000. Baillie Gifford & Co. boosted its position in CRH by 70.7% during the third 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 last quarter. Finally, Spire Wealth Management purchased a new stake in CRH in the 4th quarter worth approximately $57,000. 62.50% of the stock is currently owned by institutional investors and hedge funds.

CRH Stock Down 0.0 %

CRH stock opened at $100.34 on Wednesday. The firm has a market capitalization of $68.15 billion, a P/E ratio of 20.07, a PEG ratio of 1.15 and a beta of 1.30. The firm has a fifty day moving average of $98.08 and a 200-day moving average of $95.02. CRH plc has a 52-week low of $71.18 and a 52-week high of $110.97.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. JPMorgan Chase & Co. increased their price target on CRH from $114.00 to $116.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 20th. 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. StockNews.com cut CRH from a “buy” rating to a “hold” rating in a report on Wednesday, February 19th. Morgan Stanley increased their price objective on shares of CRH from $95.00 to $104.00 and gave the stock an “overweight” rating in a report on Monday, November 11th. Finally, Hsbc Global Res upgraded shares of CRH to a “strong-buy” rating in a report on Monday, November 11th. Two analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $107.75.

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.