New York State Teachers Retirement System Has $2.53 Million Position in CRH plc (NYSE:CRH)

New York State Teachers Retirement System trimmed its position in shares of CRH plc (NYSE:CRH) by 4.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 27,358 shares of the construction company’s stock after selling 1,380 shares during the period. New York State Teachers Retirement System’s holdings in CRH were worth $2,531,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Deseret Mutual Benefit Administrators acquired a new position in CRH in the 3rd quarter worth about $25,000. Heck Capital Advisors LLC acquired a new position in CRH in the fourth quarter worth approximately $32,000. Meeder Asset Management Inc. bought a new position in CRH during the third quarter valued at approximately $35,000. Baillie Gifford & Co. lifted its stake in CRH by 70.7% in the third quarter. Baillie Gifford & Co. now owns 391 shares of the construction company’s stock valued at $36,000 after acquiring an additional 162 shares during the last quarter. Finally, Spire Wealth Management bought a new stake in CRH in the fourth quarter worth approximately $57,000. Institutional investors and hedge funds own 62.50% of the company’s stock.

CRH Stock Performance

Shares of CRH opened at $100.26 on Friday. The company has a 50-day simple moving average of $97.97 and a 200-day simple moving average of $94.52. CRH plc has a 52 week low of $71.18 and a 52 week high of $110.97. The firm has a market capitalization of $68.09 billion, a P/E ratio of 20.05, a P/E/G ratio of 1.19 and a beta of 1.30.

Analysts Set New Price Targets

CRH has been the subject of several analyst reports. HSBC initiated coverage on shares of CRH in a research note on Monday, November 11th. They issued a “buy” rating and a $116.00 price objective for the company. Morgan Stanley boosted their price target on CRH from $95.00 to $104.00 and gave the stock an “overweight” rating in a research report on Monday, November 11th. StockNews.com lowered CRH from a “buy” rating to a “hold” rating in a report on Wednesday. Truist Financial increased their price target on CRH from $110.00 to $120.00 and gave the company a “buy” rating in a report on Friday, November 8th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of CRH from $114.00 to $116.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 20th. Two investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, CRH presently has a consensus rating of “Moderate Buy” and a consensus target price of $107.75.

CRH Profile

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.