New York State Teachers Retirement System Makes New $2.67 Million Investment in CRH plc (NYSE:CRH)

New York State Teachers Retirement System acquired a new stake in CRH plc (NYSE:CRH) in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund acquired 28,738 shares of the construction company’s stock, valued at approximately $2,665,000.

Other institutional investors also recently modified their holdings of the company. GHP Investment Advisors Inc. boosted its holdings in CRH by 336.4% in the second quarter. GHP Investment Advisors Inc. now owns 336 shares of the construction company’s stock worth $25,000 after acquiring an additional 259 shares in the last quarter. UMB Bank n.a. raised its position in shares of CRH by 72.7% during the third quarter. UMB Bank n.a. now owns 297 shares of the construction company’s stock worth $28,000 after purchasing an additional 125 shares during the period. Rothschild Investment LLC bought a new position in shares of CRH in the 2nd quarter worth $43,000. Quarry LP acquired a new stake in CRH in the 2nd quarter valued at $49,000. Finally, Blue Trust Inc. increased its stake in CRH by 341.7% during the 2nd quarter. Blue Trust Inc. now owns 848 shares of the construction company’s stock valued at $64,000 after purchasing an additional 656 shares in the last quarter. Institutional investors and hedge funds own 62.50% of the company’s stock.

CRH Stock Performance

Shares of NYSE CRH opened at $100.67 on Friday. The stock’s 50 day moving average price is $91.00 and its 200-day moving average price is $83.83. CRH plc has a twelve month low of $58.00 and a twelve month high of $102.45.

CRH (NYSE:CRH) last posted its quarterly earnings data on Thursday, August 8th. The construction company reported $1.85 earnings per share for the quarter, hitting the consensus estimate of $1.85. The business had revenue of $9.65 billion during the quarter, compared to analysts’ expectations of $10.16 billion. As a group, research analysts anticipate that CRH plc will post 5.45 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Truist Financial raised their price objective on shares of CRH from $100.00 to $110.00 and gave the company a “buy” rating in a research note on Friday, August 9th. Citigroup dropped their price target on shares of CRH from $109.00 to $99.00 and set a “buy” rating on the stock in a research report on Thursday, July 11th. StockNews.com downgraded CRH from a “buy” rating to a “hold” rating in a research note on Friday, August 16th. DA Davidson increased their price objective on CRH from $100.00 to $110.00 and gave the stock a “buy” rating in a research note on Friday, August 9th. Finally, Barclays assumed coverage on CRH in a research report on Tuesday, October 29th. They set an “overweight” rating and a $110.00 target price on the stock. Two investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $100.90.

CRH Company 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.