Banque Pictet & Cie SA Trims Holdings in CRH plc (NYSE:CRH)

Banque Pictet & Cie SA trimmed its position in shares of CRH plc (NYSE:CRH - Free Report) by 20.5% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 87,117 shares of the construction company's stock after selling 22,488 shares during the quarter. Banque Pictet & Cie SA's holdings in CRH were worth $8,060,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Deseret Mutual Benefit Administrators acquired a new position in CRH during the 3rd quarter valued at about $25,000. Heck Capital Advisors LLC purchased a new position in shares of CRH during the fourth quarter valued at approximately $32,000. Meeder Asset Management Inc. bought a new stake in CRH during the third quarter worth $35,000. Baillie Gifford & Co. grew its holdings in CRH by 70.7% during the third quarter. Baillie Gifford & Co. now owns 391 shares of the construction company's stock worth $36,000 after buying an additional 162 shares in the last quarter. Finally, Spire Wealth Management purchased a new stake in CRH in the 4th quarter valued at $57,000. 62.50% of the stock is currently owned by institutional investors.

CRH Stock Up 2.0 %

CRH stock traded up $2.14 during midday trading on Tuesday, reaching $110.44. The stock had a trading volume of 7,741,791 shares, compared to its average volume of 3,966,135. The firm has a market capitalization of $75.01 billion, a PE ratio of 22.09, a P/E/G ratio of 1.18 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's 50-day moving average price is $97.47 and its 200 day moving average price is $94.00.

Analysts Set New Price Targets

Several research firms have recently issued reports on CRH. HSBC initiated coverage on shares of CRH in a research note on Monday, November 11th. They issued a "buy" rating and a $116.00 target price for the company. JPMorgan Chase & Co. increased their price objective on shares of CRH from $114.00 to $116.00 and gave the company an "overweight" rating in a research note on Wednesday, November 20th. Barclays started 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. DA Davidson increased their price target on CRH from $110.00 to $120.00 and gave the company a "buy" rating in a research report on Monday, November 11th. Finally, Hsbc Global Res upgraded CRH to a "strong-buy" rating in a research note on Monday, November 11th. One investment 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 company. Based on data from MarketBeat, the company has a consensus rating of "Buy" and an average price target of $107.75.

About CRH

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.