ING Groep NV Has $53.11 Million Stock Position in CRH plc (NYSE:CRH)

ING Groep NV lifted its stake in CRH plc (NYSE:CRH) by 474.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 574,000 shares of the construction company’s stock after acquiring an additional 474,000 shares during the period. ING Groep NV owned approximately 0.08% of CRH worth $53,106,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of CRH. Sumitomo Mitsui Trust Group Inc. boosted its stake in CRH by 7.9% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,562,962 shares of the construction company’s stock worth $144,605,000 after buying an additional 114,072 shares in the last quarter. Park Avenue Securities LLC boosted its stake in CRH by 22.1% during the fourth quarter. Park Avenue Securities LLC now owns 32,557 shares of the construction company’s stock worth $3,012,000 after buying an additional 5,889 shares in the last quarter. Merit Financial Group LLC boosted its stake in CRH by 31.8% during the fourth quarter. Merit Financial Group LLC now owns 23,253 shares of the construction company’s stock worth $2,151,000 after buying an additional 5,610 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in CRH by 19.9% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 72,778 shares of the construction company’s stock worth $6,733,000 after buying an additional 12,076 shares in the last quarter. Finally, Nordea Investment Management AB boosted its stake in CRH by 48.2% during the fourth quarter. Nordea Investment Management AB now owns 2,484,746 shares of the construction company’s stock worth $231,206,000 after buying an additional 808,061 shares in the last quarter. Institutional investors and hedge funds own 62.50% of the company’s stock.

CRH Price Performance

Shares of NYSE:CRH opened at $106.00 on Thursday. The company has a market capitalization of $71.99 billion, a price-to-earnings ratio of 21.20, a P/E/G ratio of 1.21 and a beta of 1.30. The firm’s 50 day simple moving average is $97.85 and its 200 day simple moving average is $94.30. CRH plc has a fifty-two week low of $71.18 and a fifty-two week high of $110.97.

Analyst Ratings Changes

CRH has been the topic of a number of recent research reports. StockNews.com downgraded shares of CRH from a “buy” rating to a “hold” rating in a research note on Wednesday. Truist Financial upped their target price on shares of CRH from $110.00 to $120.00 and gave the stock a “buy” rating in a report on Friday, November 8th. DA Davidson upped their target price on shares of CRH from $110.00 to $120.00 and gave the stock a “buy” rating in a report on Monday, November 11th. Citigroup lowered their target price on shares of CRH from $120.00 to $115.00 and set a “buy” rating on the stock in a report on Monday, January 6th. Finally, HSBC started coverage on shares of CRH in a report on Monday, November 11th. They issued a “buy” rating and a $116.00 target price on the stock. Two equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price 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.