CRH plc (NYSE:CRH) Shares Sold by Allworth Financial LP

Allworth Financial LP reduced its position in CRH plc (NYSE:CRH) by 30.7% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 6,044 shares of the construction company’s stock after selling 2,682 shares during the quarter. Allworth Financial LP’s holdings in CRH were worth $606,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in CRH. FMR LLC lifted its holdings in CRH by 33.4% in the 3rd quarter. FMR LLC now owns 36,156,017 shares of the construction company’s stock valued at $3,341,258,000 after purchasing an additional 9,055,354 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of CRH by 515.7% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,103,194 shares of the construction company’s stock worth $473,270,000 after buying an additional 4,274,336 shares in the last quarter. Franklin Resources Inc. lifted its stake in CRH by 8.7% in the third quarter. Franklin Resources Inc. now owns 14,351,050 shares of the construction company’s stock valued at $1,329,796,000 after buying an additional 1,148,708 shares during the last quarter. Nordea Investment Management AB increased its stake in CRH by 48.2% during the 4th quarter. Nordea Investment Management AB now owns 2,484,746 shares of the construction company’s stock valued at $231,206,000 after buying an additional 808,061 shares during the period. Finally, Janus Henderson Group PLC boosted its position in shares of CRH by 21.4% during the 3rd quarter. Janus Henderson Group PLC now owns 3,688,831 shares of the construction company’s stock valued at $337,477,000 after purchasing an additional 649,993 shares in the last quarter. 62.50% of the stock is owned by institutional investors and hedge funds.

CRH Price Performance

Shares of CRH stock opened at $102.59 on Friday. The stock has a market cap of $69.68 billion, a PE ratio of 20.52, a price-to-earnings-growth ratio of 1.24 and a beta of 1.30. The stock has a 50-day moving average of $97.93 and a 200-day moving average of $94.36. CRH plc has a one year low of $71.18 and a one year high of $110.97.

Analysts Set New Price Targets

Several research analysts have commented on CRH shares. JPMorgan Chase & Co. raised their target price on shares of CRH from $114.00 to $116.00 and gave the stock an “overweight” rating in a report on Wednesday, November 20th. Hsbc Global Res raised shares of CRH to a “strong-buy” rating in a research report on Monday, November 11th. Barclays assumed coverage on shares of CRH in a research report on Tuesday, October 29th. They set an “overweight” rating and a $110.00 target price on the stock. Citigroup dropped their target price on shares of CRH from $120.00 to $115.00 and set a “buy” rating on the stock in a research report on Monday, January 6th. Finally, StockNews.com downgraded shares of CRH from a “buy” rating to a “hold” rating in a research note on Wednesday. Two investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price 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.