Crh Plc $CRH Shares Bought by ING Groep NV

ING Groep NV increased its holdings in Crh Plc (NYSE:CRH) by 111.1% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 551,400 shares of the construction company’s stock after acquiring an additional 290,200 shares during the quarter. ING Groep NV owned approximately 0.08% of CRH worth $66,113,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CRH. Creekmur Asset Management LLC purchased a new stake in CRH during the 2nd quarter worth approximately $27,000. United Community Bank grew its position in shares of CRH by 359.6% during the third quarter. United Community Bank now owns 239 shares of the construction company’s stock worth $29,000 after buying an additional 187 shares in the last quarter. Riggs Asset Managment Co. Inc. grew its position in shares of CRH by 1,835.3% during the second quarter. Riggs Asset Managment Co. Inc. now owns 329 shares of the construction company’s stock worth $30,000 after buying an additional 312 shares in the last quarter. Cornerstone Planning Group LLC raised its holdings in CRH by 139.3% in the third quarter. Cornerstone Planning Group LLC now owns 268 shares of the construction company’s stock valued at $31,000 after acquiring an additional 156 shares in the last quarter. Finally, Salomon & Ludwin LLC acquired a new stake in CRH in the third quarter valued at $32,000. Hedge funds and other institutional investors own 62.50% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on CRH shares. Weiss Ratings reissued a “buy (b-)” rating on shares of CRH in a report on Monday, December 22nd. Barclays lifted their price target on CRH from $110.00 to $131.00 and gave the stock an “overweight” rating in a research note on Monday, October 20th. Jefferies Financial Group restated a “buy” rating on shares of CRH in a research note on Monday, December 1st. Royal Bank Of Canada decreased their target price on CRH from $152.00 to $150.00 and set an “outperform” rating for the company in a research report on Friday, November 7th. Finally, Citigroup boosted their price target on CRH from $142.00 to $155.00 and gave the company a “buy” rating in a report on Thursday, January 8th. Two equities research 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 company’s stock. Based on data from MarketBeat.com, CRH presently has an average rating of “Moderate Buy” and a consensus price target of $135.87.

CRH Stock Up 1.8%

Shares of NYSE:CRH opened at $129.10 on Wednesday. The company’s 50-day moving average price is $125.05 and its 200 day moving average price is $117.25. The company has a market cap of $86.53 billion, a PE ratio of 25.72, a P/E/G ratio of 1.86 and a beta of 1.33. Crh Plc has a fifty-two week low of $76.75 and a fifty-two week high of $131.55.

CRH Company Profile

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.