State of New Jersey Common Pension Fund D Boosts Position in Crh Plc $CRH

State of New Jersey Common Pension Fund D raised its holdings in shares of Crh Plc (NYSE:CRH) by 2.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 239,286 shares of the construction company’s stock after acquiring an additional 6,842 shares during the period. State of New Jersey Common Pension Fund D’s holdings in CRH were worth $28,690,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in CRH. Hardy Reed LLC lifted its position in CRH by 8.5% during the third quarter. Hardy Reed LLC now owns 2,749 shares of the construction company’s stock valued at $330,000 after purchasing an additional 215 shares during the period. PNC Financial Services Group Inc. grew its position in CRH by 52.7% during the 3rd quarter. PNC Financial Services Group Inc. now owns 18,279 shares of the construction company’s stock worth $2,192,000 after purchasing an additional 6,307 shares during the period. HighTower Advisors LLC raised its stake in shares of CRH by 2.0% during the 3rd quarter. HighTower Advisors LLC now owns 177,468 shares of the construction company’s stock valued at $21,282,000 after buying an additional 3,521 shares during the last quarter. GenTrust LLC acquired a new position in shares of CRH in the 3rd quarter valued at about $262,000. Finally, Shepherd Financial Partners LLC grew its holdings in CRH by 0.3% during the third quarter. Shepherd Financial Partners LLC now owns 33,863 shares of the construction company’s stock worth $4,060,000 after acquiring an additional 106 shares during the period. Institutional investors and hedge funds own 62.50% of the company’s stock.

CRH Stock Up 2.6%

CRH stock opened at $125.99 on Monday. Crh Plc has a 52 week low of $76.75 and a 52 week high of $131.55. The firm has a 50-day simple moving average of $125.33 and a 200-day simple moving average of $117.84. The stock has a market capitalization of $84.44 billion, a P/E ratio of 25.10, a P/E/G ratio of 1.85 and a beta of 1.33.

Analyst Upgrades and Downgrades

Several research firms have commented on CRH. JPMorgan Chase & Co. upped their price objective on CRH from $130.00 to $135.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 11th. Jefferies Financial Group reissued a “buy” rating on shares of CRH in a report on Monday, December 1st. UBS Group raised their price target on shares of CRH from $138.00 to $147.00 and gave the company a “buy” rating in a research report on Thursday, January 8th. BNP Paribas Exane upgraded shares of CRH to a “strong-buy” rating in a research report on Friday, January 23rd. Finally, Royal Bank Of Canada lowered their target price on shares of CRH from $152.00 to $150.00 and set an “outperform” rating on the stock in a research note on Friday, November 7th. Two analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, CRH has a consensus rating of “Moderate Buy” and an average price target of $135.87.

CRH 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.