Waverton Investment Management Ltd Sells 1,100 Shares of CRH plc (NYSE:CRH)

Waverton Investment Management Ltd lessened its stake in CRH plc (NYSE:CRH) by 32.6% in the 4th quarter, Holdings Channel.com reports. The firm owned 2,276 shares of the construction company’s stock after selling 1,100 shares during the quarter. Waverton Investment Management Ltd’s holdings in CRH were worth $211,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in CRH. FMR LLC raised its stake in shares of CRH by 33.4% in the third quarter. FMR LLC now owns 36,156,017 shares of the construction company’s stock worth $3,341,258,000 after purchasing an additional 9,055,354 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in CRH by 515.7% during the 3rd 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 valued at $473,270,000 after buying an additional 4,274,336 shares during the last quarter. Franklin Resources Inc. lifted its holdings 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 acquiring an additional 1,148,708 shares during the period. Nordea Investment Management AB grew its position in CRH by 48.2% during the fourth 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 increased its holdings in CRH by 21.4% during the third quarter. Janus Henderson Group PLC now owns 3,688,831 shares of the construction company’s stock valued at $337,477,000 after buying an additional 649,993 shares during the last quarter. Institutional investors own 62.50% of the company’s stock.

CRH Trading Down 2.3 %

NYSE CRH opened at $100.26 on Monday. CRH plc has a 12 month low of $71.18 and a 12 month high of $110.97. The stock’s 50 day moving average is $97.97 and its 200 day moving average is $94.76. The stock has a market cap of $68.09 billion, a PE ratio of 20.05, a P/E/G ratio of 1.15 and a beta of 1.30.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. StockNews.com cut shares of CRH from a “buy” rating to a “hold” rating in a research note on Wednesday, February 19th. Hsbc Global Res raised CRH to a “strong-buy” rating in a report on Monday, November 11th. DA Davidson upped their price target on CRH from $110.00 to $120.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. JPMorgan Chase & Co. lifted their price objective on CRH from $114.00 to $116.00 and gave the company an “overweight” rating in a research report on Wednesday, November 20th. Finally, Morgan Stanley increased their target price on shares of CRH from $95.00 to $104.00 and gave the stock an “overweight” rating in a report on Monday, November 11th. Two equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $107.75.

CRH Company 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.