Handelsbanken Fonder AB trimmed its stake in shares of CRH plc (NYSE:CRH - Free Report) by 6.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 220,734 shares of the construction company's stock after selling 14,271 shares during the period. Handelsbanken Fonder AB's holdings in CRH were worth $20,422,000 at the end of the most recent reporting period.
Several other institutional investors have also modified their holdings of CRH. Blue Trust Inc. raised its holdings in CRH by 235.6% during the third quarter. Blue Trust Inc. now owns 2,846 shares of the construction company's stock worth $264,000 after purchasing an additional 1,998 shares during the last quarter. Allspring Global Investments Holdings LLC raised its stake in shares of CRH by 47.3% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 33,409 shares of the construction company's stock worth $3,098,000 after buying an additional 10,729 shares during the last quarter. Sequoia Financial Advisors LLC boosted its position in shares of CRH by 26.3% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 9,645 shares of the construction company's stock worth $894,000 after buying an additional 2,010 shares in the last quarter. International Assets Investment Management LLC acquired a new stake in CRH in the 3rd quarter valued at about $7,895,000. Finally, CENTRAL TRUST Co increased its holdings in CRH by 65.1% during the 3rd quarter. CENTRAL TRUST Co now owns 22,003 shares of the construction company's stock valued at $2,041,000 after acquiring an additional 8,672 shares in the last quarter. Hedge funds and other institutional investors own 62.50% of the company's stock.
Several brokerages have issued reports on CRH. HSBC began coverage on shares of CRH in a report on Monday, November 11th. They issued a "buy" rating and a $116.00 price target on the stock. Hsbc Global Res raised CRH to a "strong-buy" rating in a research note on Monday, November 11th. Barclays assumed coverage on CRH in a research report on Tuesday, October 29th. They set an "overweight" rating and a $110.00 price target for the company. Truist Financial upped their price objective on CRH from $110.00 to $120.00 and gave the company a "buy" rating in a research report on Friday, November 8th. Finally, Morgan Stanley lifted their price objective on CRH from $95.00 to $104.00 and gave the stock an "overweight" rating in a research report on Monday, November 11th. Two analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, CRH has a consensus rating of "Moderate Buy" and a consensus target price of $107.75.
Read Our Latest Stock Analysis on CRH
NYSE:CRH traded down $2.33 during mid-day trading on Friday, reaching $100.26. The company's stock had a trading volume of 7,263,437 shares, compared to its average volume of 4,483,675. The stock has a market cap of $68.09 billion, a P/E ratio of 20.05, a P/E/G ratio of 1.15 and a beta of 1.30. The company's fifty day simple moving average is $97.97 and its two-hundred day simple moving average is $94.52. CRH plc has a twelve month low of $71.18 and a twelve month high of $110.97.
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.
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