Principal Securities Inc. Purchases 307 Shares of CRH plc (NYSE:CRH)

Principal Securities Inc. raised its position in shares of CRH plc (NYSE:CRH) by 1.5% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 20,762 shares of the construction company’s stock after purchasing an additional 307 shares during the quarter. Principal Securities Inc.’s holdings in CRH were worth $1,921,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of CRH. Deseret Mutual Benefit Administrators bought a new position in shares of CRH during the third quarter valued at $25,000. Heck Capital Advisors LLC purchased a new stake in shares of CRH during the 4th quarter valued at about $32,000. Meeder Asset Management Inc. bought a new stake in shares of CRH in the third quarter worth approximately $35,000. Baillie Gifford & Co. grew its stake in shares of CRH by 70.7% in the third quarter. Baillie Gifford & Co. now owns 391 shares of the construction company’s stock worth $36,000 after acquiring an additional 162 shares during the period. Finally, Spire Wealth Management bought a new position in CRH during the fourth quarter valued at approximately $57,000. 62.50% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have commented on CRH shares. Truist Financial lifted their target price on shares of CRH from $110.00 to $120.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. DA Davidson upped their price objective on CRH from $110.00 to $120.00 and gave the company a “buy” rating in a research report on Monday, November 11th. JPMorgan Chase & Co. upped their price target on shares of CRH from $114.00 to $116.00 and gave the company an “overweight” rating in a research report on Wednesday, November 20th. StockNews.com raised shares of CRH from a “hold” rating to a “buy” rating in a report on Monday, November 11th. Finally, Barclays initiated coverage on CRH in a report on Tuesday, October 29th. They issued an “overweight” rating and a $110.00 target price on the stock. One analyst has rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, CRH currently has a consensus rating of “Buy” and an average target price of $107.75.

CRH Trading Up 2.0 %

NYSE:CRH opened at $110.44 on Wednesday. The stock has a 50-day moving average price of $97.47 and a 200 day moving average price of $94.00. The stock has a market capitalization of $75.01 billion, a P/E ratio of 22.09, a P/E/G ratio of 1.18 and a beta of 1.30. CRH plc has a 12-month low of $71.18 and a 12-month high of $110.97.

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.