CRH plc (NYSE:CRH) Holdings Lifted by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC grew its position in CRH plc (NYSE:CRH) by 303.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 134,852 shares of the construction company’s stock after purchasing an additional 101,443 shares during the period. Allspring Global Investments Holdings LLC’s holdings in CRH were worth $12,520,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. FMR LLC lifted its stake in shares of CRH by 33.4% in the 3rd quarter. FMR LLC now owns 36,156,017 shares of the construction company’s stock worth $3,341,258,000 after acquiring an additional 9,055,354 shares during the period. Franklin Resources Inc. lifted its stake in shares of CRH by 8.7% in the 3rd quarter. Franklin Resources Inc. now owns 14,351,050 shares of the construction company’s stock worth $1,329,796,000 after acquiring an additional 1,148,708 shares during the period. State Street Corp lifted its stake in shares of CRH by 4.9% in the 3rd quarter. State Street Corp now owns 13,139,233 shares of the construction company’s stock worth $1,218,532,000 after acquiring an additional 618,786 shares during the period. Geode Capital Management LLC lifted its stake in CRH by 2.1% during the third quarter. Geode Capital Management LLC now owns 7,985,356 shares of the construction company’s stock valued at $738,113,000 after purchasing an additional 165,825 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in CRH by 515.7% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,103,194 shares of the construction company’s stock valued at $473,270,000 after purchasing an additional 4,274,336 shares during the last quarter. Institutional investors own 62.50% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on CRH. Morgan Stanley increased their target price on shares of CRH from $95.00 to $104.00 and gave the company an “overweight” rating in a research note on Monday, November 11th. JPMorgan Chase & Co. increased their target price on shares of CRH from $114.00 to $116.00 and gave the company an “overweight” rating in a research note on Wednesday, November 20th. Citigroup cut their target price on shares of CRH from $120.00 to $115.00 and set a “buy” rating for the company in a research note on Monday, January 6th. Hsbc Global Res raised shares of CRH to a “strong-buy” rating in a research note on Monday, November 11th. Finally, Barclays began coverage on shares of CRH in a research report on Tuesday, October 29th. They issued an “overweight” rating and a $110.00 price target for the company. One research analyst has rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $107.75.

CRH Stock Up 1.7 %

Shares of CRH opened at $108.31 on Tuesday. The company’s fifty day moving average is $97.30 and its 200-day moving average is $93.81. CRH plc has a 12 month low of $71.18 and a 12 month high of $108.39. The firm has a market cap of $73.57 billion, a price-to-earnings ratio of 21.66, a price-to-earnings-growth ratio of 1.18 and a beta of 1.30.

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.