Kornitzer Capital Management Inc. KS Trims Stock Position in CRH plc (NYSE:CRH)

Kornitzer Capital Management Inc. KS decreased its holdings in shares of CRH plc (NYSE:CRH - Free Report) by 22.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 185,306 shares of the construction company's stock after selling 54,050 shares during the period. Kornitzer Capital Management Inc. KS's holdings in CRH were worth $17,145,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of CRH. CWM LLC raised its holdings in CRH by 91.2% during the third quarter. CWM LLC now owns 4,064 shares of the construction company's stock worth $377,000 after buying an additional 1,938 shares during the last quarter. Blue Trust Inc. raised its holdings in CRH by 235.6% during the third quarter. Blue Trust Inc. now owns 2,846 shares of the construction company's stock worth $264,000 after buying an additional 1,998 shares during the last quarter. Allspring Global Investments Holdings LLC raised its holdings in shares of CRH by 47.3% in the third quarter. Allspring Global Investments Holdings LLC now owns 33,409 shares of the construction company's stock valued at $3,098,000 after purchasing an additional 10,729 shares during the last quarter. Hillman Co. raised its holdings in shares of CRH by 31.9% in the third quarter. Hillman Co. now owns 253,152 shares of the construction company's stock valued at $23,477,000 after purchasing an additional 61,219 shares during the last quarter. Finally, Sequoia Financial Advisors LLC raised its holdings in shares of CRH by 26.3% in the third quarter. Sequoia Financial Advisors LLC now owns 9,645 shares of the construction company's stock valued at $894,000 after purchasing an additional 2,010 shares during the last quarter. Institutional investors and hedge funds own 62.50% of the company's stock.

Analysts Set New Price Targets

CRH has been the subject of several analyst reports. Morgan Stanley increased their target price on shares of CRH from $95.00 to $104.00 and gave the company an "overweight" rating in a report on Monday, November 11th. Truist Financial raised their price objective on shares of CRH from $110.00 to $120.00 and gave the stock a "buy" rating in a report on Friday, November 8th. StockNews.com downgraded shares of CRH from a "buy" rating to a "hold" rating in a report on Wednesday. Barclays started coverage on shares of CRH in a report on Tuesday, October 29th. They set an "overweight" rating and a $110.00 price objective for the company. Finally, HSBC started coverage on shares of CRH in a report on Monday, November 11th. They set a "buy" rating and a $116.00 price objective for the company. Two research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $107.75.

CRH Price Performance

Shares of CRH traded down $2.33 during trading hours on Friday, hitting $100.26. The company's stock had a trading volume of 7,263,437 shares, compared to its average volume of 4,189,201. The company has a market cap of $68.09 billion, a price-to-earnings ratio of 20.05, a PEG ratio of 1.19 and a beta of 1.30. The business has a 50 day simple moving average of $97.97 and a two-hundred day simple moving average of $94.52. CRH plc has a 52-week low of $71.18 and a 52-week high of $110.97.

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.