Crh Plc $CRH Position Boosted by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund lifted its holdings in Crh Plc (NYSE:CRH) by 377.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 52,630 shares of the construction company’s stock after purchasing an additional 41,605 shares during the period. Illinois Municipal Retirement Fund’s holdings in CRH were worth $6,310,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Principal Financial Group Inc. grew its holdings in shares of CRH by 24.7% in the 3rd quarter. Principal Financial Group Inc. now owns 2,269,271 shares of the construction company’s stock worth $272,086,000 after acquiring an additional 448,860 shares during the last quarter. Park Avenue Securities LLC acquired a new position in shares of CRH in the 3rd quarter valued at $4,491,000. Exane Asset Management boosted its position in shares of CRH by 21.2% in the 3rd quarter. Exane Asset Management now owns 663,774 shares of the construction company’s stock valued at $80,735,000 after purchasing an additional 116,178 shares during the period. Dynasty Wealth Management LLC increased its stake in CRH by 77.5% in the 3rd quarter. Dynasty Wealth Management LLC now owns 34,077 shares of the construction company’s stock worth $4,086,000 after purchasing an additional 14,877 shares in the last quarter. Finally, StoneX Group Inc. acquired a new stake in CRH during the 2nd quarter worth about $1,472,000. 62.50% of the stock is currently owned by institutional investors.

CRH Stock Performance

Shares of CRH opened at $125.99 on Friday. The company’s 50 day moving average price is $125.33 and its 200 day moving average price is $117.56. Crh Plc has a 52 week low of $76.75 and a 52 week high of $131.55. The company has a market capitalization of $84.44 billion, a PE ratio of 25.10, a PEG ratio of 1.80 and a beta of 1.33.

Analysts Set New Price Targets

Several brokerages have commented on CRH. BNP Paribas Exane upgraded shares of CRH to a “strong-buy” rating in a report on Friday, January 23rd. Citigroup upped their price target on shares of CRH from $142.00 to $155.00 and gave the company a “buy” rating in a research report on Thursday, January 8th. UBS Group raised their price objective on shares of CRH from $138.00 to $147.00 and gave the stock a “buy” rating in a research note on Thursday, January 8th. Weiss Ratings reissued a “buy (b-)” rating on shares of CRH in a research note on Monday, December 22nd. Finally, DA Davidson increased their target price on CRH from $110.00 to $116.00 and gave the company a “neutral” rating in a report on Wednesday, November 12th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $135.87.

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.