Illinois Municipal Retirement Fund Has $6.31 Million Stock Position in Crh Plc $CRH

Illinois Municipal Retirement Fund grew its position in Crh Plc (NYSE:CRH) by 377.4% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 52,630 shares of the construction company’s stock after purchasing an additional 41,605 shares during the period. Illinois Municipal Retirement Fund’s holdings in CRH were worth $6,310,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CRH. Norges Bank bought a new stake in shares of CRH in the 2nd quarter valued at approximately $1,007,932,000. Eleva Capital SAS acquired a new stake in CRH in the second quarter valued at approximately $250,562,000. Massachusetts Financial Services Co. MA grew its position in CRH by 24.3% in the second quarter. Massachusetts Financial Services Co. MA now owns 12,803,346 shares of the construction company’s stock worth $1,175,347,000 after acquiring an additional 2,499,558 shares in the last quarter. Marshall Wace LLP grew its position in CRH by 45.3% in the second quarter. Marshall Wace LLP now owns 6,031,903 shares of the construction company’s stock worth $553,729,000 after acquiring an additional 1,881,550 shares in the last quarter. Finally, Baupost Group LLC MA increased its stake in shares of CRH by 42.0% during the 2nd quarter. Baupost Group LLC MA now owns 3,825,395 shares of the construction company’s stock worth $351,171,000 after purchasing an additional 1,131,000 shares during the last quarter. 62.50% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

CRH has been the subject of several analyst reports. Wells Fargo & Company reduced their price objective on shares of CRH from $138.00 to $133.00 and set an “equal weight” rating for the company in a research note on Thursday, January 29th. Longbow Research initiated coverage on CRH in a report on Tuesday, December 16th. They set a “buy” rating and a $160.00 target price on the stock. BNP Paribas Exane raised CRH to a “strong-buy” rating in a research report on Friday, January 23rd. UBS Group upped their price target on CRH from $138.00 to $147.00 and gave the stock a “buy” rating in a research note on Thursday, January 8th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of CRH in a report on Monday, December 8th. 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 stock. Based on data from MarketBeat, CRH has a consensus rating of “Moderate Buy” and an average target price of $135.87.

CRH Price Performance

CRH stock opened at $125.99 on Friday. Crh Plc has a fifty-two week low of $76.75 and a fifty-two week high of $131.55. The firm has a fifty day moving average price of $125.33 and a two-hundred day moving average price of $117.56. The firm has a market cap of $84.44 billion, a price-to-earnings ratio of 25.10, a P/E/G ratio of 1.80 and a beta of 1.33.

CRH Company 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.