Generate Investment Management Ltd Decreases Stake in CRH plc (NYSE:CRH)

Generate Investment Management Ltd cut its stake in shares of CRH plc (NYSE:CRH - Free Report) by 12.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 267,820 shares of the construction company's stock after selling 38,514 shares during the period. CRH accounts for approximately 1.7% of Generate Investment Management Ltd's portfolio, making the stock its 15th largest holding. Generate Investment Management Ltd's holdings in CRH were worth $24,779,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Deseret Mutual Benefit Administrators bought a new position in shares of CRH in the third quarter worth approximately $25,000. UMB Bank n.a. grew its stake in CRH by 72.7% in the third quarter. UMB Bank n.a. now owns 297 shares of the construction company's stock worth $28,000 after purchasing an additional 125 shares during the period. Heck Capital Advisors LLC bought a new position in shares of CRH during the fourth quarter valued at approximately $32,000. Meeder Asset Management Inc. purchased a new position in CRH during the third quarter valued at $35,000. Finally, Baillie Gifford & Co. boosted its stake in CRH by 70.7% in the 3rd quarter. Baillie Gifford & Co. now owns 391 shares of the construction company's stock worth $36,000 after purchasing an additional 162 shares in the last quarter. 62.50% of the stock is owned by hedge funds and other institutional investors.

CRH Stock Performance

NYSE:CRH traded up $0.81 during trading hours on Tuesday, reaching $102.88. The company's stock had a trading volume of 1,953,951 shares, compared to its average volume of 3,441,885. The company has a market capitalization of $69.88 billion, a P/E ratio of 20.59, a price-to-earnings-growth 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 $105.58. The stock has a 50 day moving average price of $97.09 and a two-hundred day moving average price of $93.19.

Analyst Ratings Changes

A number of brokerages have weighed in on CRH. DA Davidson boosted their target price on CRH from $110.00 to $120.00 and gave the stock a "buy" rating in a research report on Monday, November 11th. Citigroup reduced their price objective 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. Morgan Stanley lifted their price objective on CRH from $95.00 to $104.00 and gave the stock an "overweight" rating in a research note on Monday, November 11th. Hsbc Global Res raised shares of CRH to a "strong-buy" rating in a report on Monday, November 11th. Finally, Barclays initiated coverage on shares of CRH in a research note on Tuesday, October 29th. They set an "overweight" rating and a $110.00 price target for the company. One investment analyst has rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus price target 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.