CRH plc (NYSE:CRH) Shares Sold by Empowered Funds LLC

Empowered Funds LLC lowered its holdings in CRH plc (NYSE:CRH) by 76.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 12,520 shares of the construction company’s stock after selling 40,412 shares during the period. Empowered Funds LLC’s holdings in CRH were worth $1,158,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of CRH. CWM LLC lifted its holdings in shares of CRH by 91.2% in the 3rd quarter. CWM LLC now owns 4,064 shares of the construction company’s stock worth $377,000 after purchasing an additional 1,938 shares during the last quarter. Net Worth Advisory Group bought a new position in shares of CRH during the third quarter worth about $477,000. Blue Trust Inc. grew its position 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 worth $264,000 after acquiring an additional 1,998 shares during the last quarter. Buckley Wealth Management LLC lifted its position in CRH by 2.7% in the 3rd quarter. Buckley Wealth Management LLC now owns 8,698 shares of the construction company’s stock valued at $807,000 after purchasing an additional 231 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its stake in CRH by 47.3% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 33,409 shares of the construction company’s stock valued at $3,098,000 after purchasing an additional 10,729 shares during the period. 62.50% of the stock is currently owned by institutional investors and hedge funds.

CRH Stock Performance

NYSE CRH opened at $108.31 on Monday. The firm’s 50 day moving average price is $97.30 and its two-hundred day moving average price is $93.75. The stock has a market cap of $73.57 billion, a price-to-earnings ratio of 21.66, a PEG ratio of 1.18 and a beta of 1.30. CRH plc has a twelve month low of $71.18 and a twelve month high of $108.39.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on CRH shares. JPMorgan Chase & Co. boosted their price objective on CRH from $114.00 to $116.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 20th. Truist Financial increased their price target on CRH from $110.00 to $120.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Citigroup reduced their price objective on shares of CRH from $120.00 to $115.00 and set a “buy” rating for the company in a report on Monday, January 6th. HSBC initiated coverage on shares of CRH in a research report on Monday, November 11th. They set a “buy” rating and a $116.00 price target on the stock. Finally, Hsbc Global Res upgraded shares of CRH to a “strong-buy” rating in a research note on Monday, November 11th. One investment analyst has rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus 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.