Handelsbanken Fonder AB Lowers Position in CRH plc (NYSE:CRH)

Handelsbanken Fonder AB cut its stake in shares of CRH plc (NYSE:CRH) by 6.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor 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.

Several other institutional investors and hedge funds also recently bought and sold shares of CRH. Deseret Mutual Benefit Administrators purchased a new position in CRH during the third quarter valued at $25,000. Heck Capital Advisors LLC purchased a new position in shares of CRH in the fourth quarter valued at about $32,000. Meeder Asset Management Inc. purchased a new position in shares of CRH in the third quarter valued at about $35,000. Baillie Gifford & Co. lifted its position in shares of CRH by 70.7% in the third quarter. Baillie Gifford & Co. now owns 391 shares of the construction company’s stock valued at $36,000 after acquiring an additional 162 shares in the last quarter. Finally, Spire Wealth Management purchased a new position in shares of CRH in the fourth quarter valued at about $57,000. 62.50% of the stock is currently owned by hedge funds and other institutional investors.

CRH Price Performance

Shares of NYSE CRH opened at $100.26 on Friday. The business’s 50 day moving average is $97.97 and its two-hundred day moving average is $94.52. CRH plc has a 1-year low of $71.18 and a 1-year high of $110.97. The stock has a market capitalization of $68.09 billion, a P/E ratio of 20.05, a PEG ratio of 1.19 and a beta of 1.30.

Analyst Ratings Changes

CRH has been the topic of several research analyst reports. StockNews.com downgraded CRH from a “buy” rating to a “hold” rating in a research report on Wednesday. Citigroup lowered their price objective on CRH from $120.00 to $115.00 and set a “buy” rating on the stock in a research report on Monday, January 6th. HSBC initiated coverage on CRH in a research report on Monday, November 11th. They issued a “buy” rating and a $116.00 price objective on the stock. Morgan Stanley boosted their price objective on CRH from $95.00 to $104.00 and gave the company an “overweight” rating in a research report on Monday, November 11th. Finally, JPMorgan Chase & Co. lifted their target price on CRH from $114.00 to $116.00 and gave the stock an “overweight” rating in a report on Wednesday, November 20th. Two analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus 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.