Handelsbanken Fonder AB Sells 14,271 Shares of CRH plc (NYSE:CRH)

Handelsbanken Fonder AB reduced its stake in shares of CRH plc (NYSE:CRH) by 6.1% during the 4th quarter, HoldingsChannel reports. The fund 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 quarter.

A number of other hedge funds have also recently modified their holdings of CRH. Blue Trust Inc. grew its stake in shares of CRH by 235.6% during the third quarter. Blue Trust Inc. now owns 2,846 shares of the construction company’s stock valued at $264,000 after buying an additional 1,998 shares during the last quarter. Allspring Global Investments Holdings LLC grew its stake in shares of CRH by 47.3% during the third quarter. Allspring Global Investments Holdings LLC now owns 33,409 shares of the construction company’s stock valued at $3,098,000 after buying an additional 10,729 shares during the last quarter. Sequoia Financial Advisors LLC grew its stake in shares of CRH by 26.3% during the third quarter. Sequoia Financial Advisors LLC now owns 9,645 shares of the construction company’s stock valued at $894,000 after buying an additional 2,010 shares during the last quarter. International Assets Investment Management LLC bought a new position in shares of CRH during the third quarter valued at approximately $7,895,000. Finally, CENTRAL TRUST Co grew its stake in shares of CRH by 65.1% during the third quarter. CENTRAL TRUST Co now owns 22,003 shares of the construction company’s stock valued at $2,041,000 after buying an additional 8,672 shares during the last quarter. Institutional investors own 62.50% of the company’s stock.

CRH Stock Down 2.3 %

CRH stock opened at $100.26 on Friday. The business has a fifty day moving average of $97.97 and a two-hundred day moving average of $94.52. The firm has a market cap of $68.09 billion, a P/E ratio of 20.05, a P/E/G ratio of 1.19 and a beta of 1.30. CRH plc has a twelve month low of $71.18 and a twelve month high of $110.97.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on CRH shares. DA Davidson upped their target price on CRH from $110.00 to $120.00 and gave the company a “buy” rating in a research note on Monday, November 11th. Truist Financial boosted their price target on CRH from $110.00 to $120.00 and gave the company a “buy” rating in a report on Friday, November 8th. HSBC initiated coverage on CRH in a report on Monday, November 11th. They issued a “buy” rating and a $116.00 price target for the company. JPMorgan Chase & Co. boosted their price target on CRH from $114.00 to $116.00 and gave the company an “overweight” rating in a report on Wednesday, November 20th. Finally, Citigroup lowered their price target on CRH from $120.00 to $115.00 and set a “buy” rating for the company in a report on Monday, January 6th. Two research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $107.75.

CRH 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.