Fisher Funds Management LTD Acquires Shares of 83,296 CRH plc (NYSE:CRH)

Fisher Funds Management LTD acquired a new stake in CRH plc (NYSE:CRH) in the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 83,296 shares of the construction company’s stock, valued at approximately $7,729,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in CRH. Deseret Mutual Benefit Administrators acquired a new position in CRH in the 3rd quarter valued at $25,000. Heck Capital Advisors LLC acquired a new position in CRH in the 4th quarter valued at $32,000. Meeder Asset Management Inc. acquired a new position in CRH in the 3rd quarter valued at $35,000. Baillie Gifford & Co. raised 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 acquiring an additional 162 shares in the last quarter. Finally, Spire Wealth Management acquired a new position in shares of CRH during the 4th quarter worth $57,000. 62.50% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on CRH. StockNews.com cut CRH from a “buy” rating to a “hold” rating in a report on Wednesday. Truist Financial boosted their price target on CRH from $110.00 to $120.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Hsbc Global Res raised CRH to a “strong-buy” rating in a report on Monday, November 11th. JPMorgan Chase & Co. boosted their price target on CRH from $114.00 to $116.00 and gave the stock an “overweight” rating in a report on Wednesday, November 20th. Finally, Morgan Stanley boosted their price target on CRH from $95.00 to $104.00 and gave the stock an “overweight” rating in a report on Monday, November 11th. Two equities research 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’s stock. Based on data from MarketBeat, CRH has an average rating of “Moderate Buy” and an average target price of $107.75.

CRH Stock Down 2.3 %

Shares of CRH stock opened at $100.26 on Friday. The firm has a market capitalization of $68.09 billion, a P/E ratio of 20.05, a P/E/G ratio of 1.15 and a beta of 1.30. CRH plc has a twelve month low of $71.18 and a twelve month high of $110.97. The stock’s fifty day simple moving average is $97.97 and its 200 day simple moving average is $94.63.

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.