Banque Pictet & Cie SA Sells 22,488 Shares of CRH plc (NYSE:CRH)

Banque Pictet & Cie SA decreased its position in shares of CRH plc (NYSE:CRH) by 20.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 87,117 shares of the construction company’s stock after selling 22,488 shares during the quarter. Banque Pictet & Cie SA’s holdings in CRH were worth $8,060,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Deseret Mutual Benefit Administrators acquired a new stake in CRH in the 3rd quarter valued at $25,000. Heck Capital Advisors LLC bought a new stake in shares of CRH during the fourth quarter worth about $32,000. Meeder Asset Management Inc. acquired a new stake in shares of CRH in the 3rd quarter worth about $35,000. Baillie Gifford & Co. raised its holdings in shares of CRH by 70.7% in the 3rd quarter. Baillie Gifford & Co. now owns 391 shares of the construction company’s stock worth $36,000 after acquiring an additional 162 shares during the last quarter. Finally, Spire Wealth Management bought a new position in CRH in the 4th quarter valued at about $57,000. Institutional investors own 62.50% of the company’s stock.

CRH Trading Up 2.3 %

CRH stock opened at $106.62 on Friday. The business’s 50 day simple moving average is $97.12 and its 200 day simple moving average is $93.42. CRH plc has a 12 month low of $71.18 and a 12 month high of $106.71. The company has a market cap of $72.41 billion, a price-to-earnings ratio of 21.32, a PEG ratio of 1.18 and a beta of 1.30.

Analysts Set New Price Targets

A number of brokerages have commented on CRH. DA Davidson boosted their price objective on CRH from $110.00 to $120.00 and gave the stock a “buy” rating in a report on Monday, November 11th. Barclays started coverage on CRH in a research report on Tuesday, October 29th. They issued an “overweight” rating and a $110.00 price target for the company. Truist Financial lifted their price objective on shares of CRH from $110.00 to $120.00 and gave the stock a “buy” rating in a report on Friday, November 8th. JPMorgan Chase & Co. increased their target price on shares of CRH from $114.00 to $116.00 and gave the company an “overweight” rating in a report on Wednesday, November 20th. Finally, Citigroup cut their price target 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. One research analyst has rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target 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.