Crh Plc $CRH Shares Acquired by Rhumbline Advisers

Rhumbline Advisers increased its position in shares of Crh Plc (NYSE:CRH) by 0.6% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 705,303 shares of the construction company’s stock after purchasing an additional 4,380 shares during the period. Rhumbline Advisers owned approximately 0.10% of CRH worth $84,566,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Norges Bank purchased a new position in shares of CRH during the 2nd quarter worth approximately $1,007,932,000. Eleva Capital SAS purchased a new position in CRH in the second quarter worth $250,562,000. Massachusetts Financial Services Co. MA lifted its holdings in CRH by 24.3% in the second quarter. Massachusetts Financial Services Co. MA now owns 12,803,346 shares of the construction company’s stock valued at $1,175,347,000 after acquiring an additional 2,499,558 shares during the period. Marshall Wace LLP boosted its position in shares of CRH by 45.3% during the 2nd quarter. Marshall Wace LLP now owns 6,031,903 shares of the construction company’s stock worth $553,729,000 after purchasing an additional 1,881,550 shares in the last quarter. Finally, Baupost Group LLC MA boosted its position in shares of CRH by 42.0% during the 2nd quarter. Baupost Group LLC MA now owns 3,825,395 shares of the construction company’s stock worth $351,171,000 after purchasing an additional 1,131,000 shares in the last quarter. Hedge funds and other institutional investors own 62.50% of the company’s stock.

Wall Street Analyst Weigh In

CRH has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of CRH in a research note on Monday, December 8th. Longbow Research started coverage on shares of CRH in a research report on Tuesday, December 16th. They set a “buy” rating and a $160.00 price target for the company. Barclays boosted 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. Citigroup raised their price objective on CRH from $142.00 to $155.00 and gave the company a “buy” rating in a research note on Thursday, January 8th. Finally, DA Davidson boosted their target price on CRH from $110.00 to $116.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 12th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $135.87.

CRH Price Performance

Shares of CRH stock opened at $122.75 on Friday. Crh Plc has a 1 year low of $76.75 and a 1 year high of $131.55. The business has a 50 day moving average price of $125.21 and a 200 day moving average price of $117.37. The company has a market capitalization of $82.27 billion, a P/E ratio of 24.45, a P/E/G ratio of 1.87 and a beta of 1.33.

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.