CRH plc (NYSE:CRH) Shares Bought by TCW Group Inc.

TCW Group Inc. grew its holdings in CRH plc (NYSE:CRH) by 8.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 46,801 shares of the construction company’s stock after acquiring an additional 3,614 shares during the quarter. TCW Group Inc.’s holdings in CRH were worth $4,330,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Deseret Mutual Benefit Administrators purchased a new position in shares of CRH in the 3rd quarter valued at approximately $25,000. Heck Capital Advisors LLC acquired a new position in CRH during the 4th quarter valued at approximately $32,000. Meeder Asset Management Inc. purchased a new position in shares of CRH in the third quarter worth $35,000. Baillie Gifford & Co. lifted its stake in shares of CRH by 70.7% during the third quarter. Baillie Gifford & Co. now owns 391 shares of the construction company’s stock worth $36,000 after buying an additional 162 shares during the period. Finally, Spire Wealth Management purchased a new stake in shares of CRH during the fourth quarter valued at $57,000. Hedge funds and other institutional investors own 62.50% of the company’s stock.

CRH Stock Performance

Shares of NYSE CRH opened at $100.26 on Monday. The company has a market capitalization of $68.09 billion, a PE ratio of 20.05, a price-to-earnings-growth ratio of 1.15 and a beta of 1.30. The company’s fifty day moving average price is $97.97 and its 200 day moving average price is $94.76. CRH plc has a 1 year low of $71.18 and a 1 year high of $110.97.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on CRH shares. StockNews.com lowered CRH from a “buy” rating to a “hold” rating in a research note on Wednesday, February 19th. Morgan Stanley raised their price objective on CRH from $95.00 to $104.00 and gave the stock an “overweight” rating in a research note on Monday, November 11th. Truist Financial upped their target price on CRH from $110.00 to $120.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Citigroup reduced their price target on shares of CRH from $120.00 to $115.00 and set a “buy” rating for the company in a research report on Monday, January 6th. Finally, JPMorgan Chase & Co. upped their price objective on shares of CRH from $114.00 to $116.00 and gave the company an “overweight” rating in a report on Wednesday, November 20th. Two equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, CRH currently has an average 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.