Todd Asset Management LLC Acquires 3,923 Shares of CRH plc (NYSE:CRH)

Todd Asset Management LLC increased its position in CRH plc (NYSE:CRH) by 0.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 622,162 shares of the construction company’s stock after buying an additional 3,923 shares during the quarter. CRH accounts for 1.4% of Todd Asset Management LLC’s portfolio, making the stock its 15th largest position. Todd Asset Management LLC owned about 0.09% of CRH worth $57,562,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC increased its stake in shares of CRH by 47.3% during the third quarter. Allspring Global Investments Holdings LLC now owns 33,409 shares of the construction company’s stock valued at $3,098,000 after buying an additional 10,729 shares during the period. International Assets Investment Management LLC purchased a new position in shares of CRH during the third quarter valued at approximately $7,895,000. Dakota Wealth Management increased its stake in shares of CRH by 13.5% during the third quarter. Dakota Wealth Management now owns 3,194 shares of the construction company’s stock valued at $296,000 after buying an additional 379 shares during the period. Allworth Financial LP grew its stake in CRH by 4.3% in the third quarter. Allworth Financial LP now owns 8,726 shares of the construction company’s stock worth $809,000 after purchasing an additional 357 shares during the period. Finally, Arkadios Wealth Advisors purchased a new stake in CRH in the third quarter worth $206,000. Institutional investors own 62.50% of the company’s stock.

CRH Stock Up 0.0 %

Shares of CRH opened at $100.36 on Tuesday. The business has a 50-day simple moving average of $98.02 and a two-hundred day simple moving average of $94.89. The stock has a market cap of $68.16 billion, a price-to-earnings ratio of 20.07, a PEG ratio of 1.15 and a beta of 1.30. CRH plc has a 52 week low of $71.18 and a 52 week high of $110.97.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on CRH shares. HSBC started coverage on CRH in a research note on Monday, November 11th. They issued a “buy” rating and a $116.00 price target on the stock. StockNews.com cut CRH from a “buy” rating to a “hold” rating in a research note on Wednesday, February 19th. Citigroup cut their target price on CRH from $120.00 to $115.00 and set a “buy” rating on the stock in a research note on Monday, January 6th. JPMorgan Chase & Co. increased their target price on CRH from $114.00 to $116.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 20th. Finally, Barclays began coverage on CRH in a research note on Tuesday, October 29th. They issued an “overweight” rating and a $110.00 target price on the stock. Two analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target 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.