Kintegral Advisory LLC Lowers Stock Position in CRH plc (NYSE:CRH)

Kintegral Advisory LLC lowered its position in CRH plc (NYSE:CRH) by 4.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 58,384 shares of the construction company’s stock after selling 2,720 shares during the period. Kintegral Advisory LLC’s holdings in CRH were worth $5,402,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Sumitomo Mitsui Trust Group Inc. grew its stake in CRH by 7.9% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,562,962 shares of the construction company’s stock valued at $144,605,000 after purchasing an additional 114,072 shares during the last quarter. Park Avenue Securities LLC grew its stake in CRH by 22.1% in the 4th quarter. Park Avenue Securities LLC now owns 32,557 shares of the construction company’s stock valued at $3,012,000 after acquiring an additional 5,889 shares during the period. Merit Financial Group LLC lifted its stake in CRH by 31.8% in the 4th quarter. Merit Financial Group LLC now owns 23,253 shares of the construction company’s stock valued at $2,151,000 after buying an additional 5,610 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in CRH by 19.9% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 72,778 shares of the construction company’s stock valued at $6,733,000 after purchasing an additional 12,076 shares during the last quarter. Finally, Nordea Investment Management AB boosted its holdings in shares of CRH by 48.2% during the 4th quarter. Nordea Investment Management AB now owns 2,484,746 shares of the construction company’s stock worth $231,206,000 after purchasing an additional 808,061 shares during the last quarter. Hedge funds and other institutional investors own 62.50% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on CRH. HSBC assumed coverage on CRH in a research note on Monday, November 11th. They set a “buy” rating and a $116.00 target price for the company. JPMorgan Chase & Co. lifted their price target on shares of CRH from $114.00 to $116.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 20th. StockNews.com lowered shares of CRH from a “buy” rating to a “hold” rating in a research note on Wednesday. DA Davidson boosted their price objective on CRH from $110.00 to $120.00 and gave the company a “buy” rating in a research note on Monday, November 11th. Finally, Truist Financial upped their price objective on CRH from $110.00 to $120.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Two research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, CRH currently has a consensus rating of “Moderate Buy” and an average price target of $107.75.

CRH Stock Down 2.3 %

Shares of NYSE:CRH opened at $100.26 on Friday. The firm has a market capitalization of $68.09 billion, a P/E ratio of 20.05, a price-to-earnings-growth ratio of 1.19 and a beta of 1.30. CRH plc has a 12-month low of $71.18 and a 12-month high of $110.97. The firm has a fifty day moving average of $97.97 and a two-hundred day moving average of $94.52.

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.