Empowered Funds LLC Sells 40,412 Shares of CRH plc (NYSE:CRH)

Empowered Funds LLC lessened its holdings in shares of CRH plc (NYSE:CRH - Free Report) by 76.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,520 shares of the construction company's stock after selling 40,412 shares during the period. Empowered Funds LLC's holdings in CRH were worth $1,158,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the business. FMR LLC boosted its stake in CRH by 33.4% in the 3rd quarter. FMR LLC now owns 36,156,017 shares of the construction company's stock worth $3,341,258,000 after purchasing an additional 9,055,354 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in CRH by 515.7% in 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 worth $473,270,000 after purchasing an additional 4,274,336 shares in the last quarter. Franklin Resources Inc. boosted its stake in CRH by 8.7% in the 3rd quarter. Franklin Resources Inc. now owns 14,351,050 shares of the construction company's stock worth $1,329,796,000 after purchasing an additional 1,148,708 shares in the last quarter. Nordea Investment Management AB boosted its stake in CRH by 48.2% in 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 in the last quarter. Finally, Janus Henderson Group PLC boosted its stake in CRH by 21.4% in the 3rd quarter. Janus Henderson Group PLC now owns 3,688,831 shares of the construction company's stock worth $337,477,000 after purchasing an additional 649,993 shares in the last quarter. Institutional investors own 62.50% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on CRH. Morgan Stanley upped their price target on shares of CRH from $95.00 to $104.00 and gave the stock an "overweight" rating in a research note on Monday, November 11th. Barclays assumed coverage on CRH in a research report on Tuesday, October 29th. They issued an "overweight" rating and a $110.00 target price for the company. Citigroup decreased their target price on CRH from $120.00 to $115.00 and set a "buy" rating for the company in a research report on Monday, January 6th. Truist Financial boosted their target price on CRH from $110.00 to $120.00 and gave the stock a "buy" rating in a research report on Friday, November 8th. Finally, HSBC assumed coverage on CRH in a research report on Monday, November 11th. They issued a "buy" rating and a $116.00 target price for the company. Two equities research 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. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $107.75.

CRH Price Performance

Shares of CRH traded down $3.51 on Thursday, reaching $102.59. The company's stock had a trading volume of 6,120,609 shares, compared to its average volume of 4,095,996. The stock has a market capitalization of $69.68 billion, a P/E ratio of 20.52, a PEG ratio of 1.24 and a beta of 1.30. The stock's 50 day simple moving average is $97.85 and its two-hundred day simple moving average is $94.30. CRH plc has a 12-month low of $71.18 and a 12-month high of $110.97.

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.