CRH plc (NYSE:CRH) Shares Sold by Sanctuary Advisors LLC

Sanctuary Advisors LLC cut its stake in CRH plc (NYSE:CRH) by 5.9% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 27,056 shares of the construction company’s stock after selling 1,704 shares during the period. Sanctuary Advisors LLC’s holdings in CRH were worth $2,700,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. FMR LLC boosted its position 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 acquiring an additional 9,055,354 shares during the last quarter. Franklin Resources Inc. boosted its position in shares of CRH by 8.7% in the third quarter. Franklin Resources Inc. now owns 14,351,050 shares of the construction company’s stock worth $1,329,796,000 after acquiring an additional 1,148,708 shares during the last quarter. State Street Corp boosted its position in shares of CRH by 4.9% in the third quarter. State Street Corp now owns 13,139,233 shares of the construction company’s stock worth $1,218,532,000 after acquiring an additional 618,786 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of CRH by 2.1% in the third quarter. Geode Capital Management LLC now owns 7,985,356 shares of the construction company’s stock worth $738,113,000 after acquiring an additional 165,825 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of CRH by 515.7% in 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 acquiring an additional 4,274,336 shares during the last quarter. 62.50% of the stock is owned by institutional investors and hedge funds.

CRH Trading Down 2.3 %

NYSE CRH opened at $100.26 on Friday. The company’s fifty day simple moving average is $97.97 and its 200-day simple moving average is $94.63. CRH plc has a 52 week low of $71.18 and a 52 week high of $110.97. The stock has a market cap of $68.09 billion, a P/E ratio of 20.05, a PEG ratio of 1.15 and a beta of 1.30.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. HSBC assumed coverage on shares of CRH in a research report on Monday, November 11th. They issued a “buy” rating and a $116.00 target price on the stock. StockNews.com cut shares of CRH from a “buy” rating to a “hold” rating in a research report on Wednesday. Morgan Stanley lifted their price target on shares of CRH from $95.00 to $104.00 and gave the company an “overweight” rating in a research report on Monday, November 11th. Citigroup reduced their price target 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, Truist Financial lifted their price target on shares of CRH from $110.00 to $120.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Two investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price 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.