Choreo LLC Sells 685 Shares of CRH plc (NYSE:CRH)

Choreo LLC decreased its holdings in CRH plc (NYSE:CRH) by 6.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 9,326 shares of the construction company’s stock after selling 685 shares during the period. Choreo LLC’s holdings in CRH were worth $862,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. FMR LLC lifted its stake in shares of 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 during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings 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 period. Franklin Resources Inc. lifted its position in 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 buying an additional 1,148,708 shares during the last quarter. Nordea Investment Management AB boosted its stake 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 worth $231,206,000 after buying an additional 808,061 shares during the period. Finally, Janus Henderson Group PLC increased its position 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 acquiring an additional 649,993 shares during the last quarter. 62.50% of the stock is owned by institutional investors.

Analysts Set New Price Targets

CRH has been the subject of several analyst reports. 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 assumed coverage on CRH in a research report on Monday, November 11th. They set a “buy” rating and a $116.00 target price for the company. Hsbc Global Res upgraded CRH to a “strong-buy” rating in a report on Monday, November 11th. StockNews.com upgraded CRH from a “hold” rating to a “buy” rating in a report on Monday, November 11th. Finally, Barclays assumed coverage on CRH in a research note on Tuesday, October 29th. They issued an “overweight” rating and a $110.00 target price on the stock. One analyst has rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $107.75.

CRH Price Performance

NYSE:CRH opened at $103.44 on Monday. CRH plc has a 1-year low of $71.18 and a 1-year high of $105.58. The company has a 50-day moving average of $97.10 and a 200 day moving average of $92.94. The firm has a market cap of $70.26 billion, a PE ratio of 20.69, a price-to-earnings-growth ratio of 1.18 and a beta of 1.30.

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.