Vontobel Holding Ltd. Cuts Stock Position in CRH plc (NYSE:CRH)

Vontobel Holding Ltd. cut its holdings in CRH plc (NYSE:CRH - Free Report) by 19.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,059,492 shares of the construction company's stock after selling 505,274 shares during the quarter. Vontobel Holding Ltd. owned about 0.30% of CRH worth $190,544,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Deseret Mutual Benefit Administrators purchased a new position in shares of CRH in the third quarter worth about $25,000. Heck Capital Advisors LLC purchased a new position in shares of CRH in the fourth quarter worth about $32,000. Meeder Asset Management Inc. purchased a new position in shares of CRH in the third quarter worth about $35,000. Baillie Gifford & Co. raised its stake in shares of CRH by 70.7% in the third quarter. Baillie Gifford & Co. now owns 391 shares of the construction company's stock worth $36,000 after purchasing an additional 162 shares during the last quarter. Finally, Spire Wealth Management purchased a new position in shares of CRH in the fourth quarter worth about $57,000. 62.50% of the stock is currently owned by hedge funds and other institutional investors.

CRH Stock Up 2.0 %

NYSE:CRH traded up $2.14 on Tuesday, reaching $110.44. The company's stock had a trading volume of 7,741,791 shares, compared to its average volume of 3,966,135. CRH plc has a 12-month low of $71.18 and a 12-month high of $110.97. The firm has a market cap of $75.01 billion, a price-to-earnings ratio of 22.09, a price-to-earnings-growth ratio of 1.18 and a beta of 1.30. The stock has a 50 day moving average price of $97.47 and a 200 day moving average price of $94.00.

Analyst Upgrades and Downgrades

CRH has been the subject of several recent research reports. Hsbc Global Res upgraded CRH to a "strong-buy" rating in a research report on Monday, November 11th. Morgan Stanley lifted their price target on CRH from $95.00 to $104.00 and gave the company an "overweight" rating in a research report on Monday, November 11th. HSBC initiated coverage on CRH in a research report on Monday, November 11th. They set a "buy" rating and a $116.00 price target for the company. StockNews.com upgraded CRH from a "hold" rating to a "buy" rating in a research report on Monday, November 11th. Finally, JPMorgan Chase & Co. lifted their price target on CRH from $114.00 to $116.00 and gave the company an "overweight" rating in a research report on Wednesday, November 20th. One investment analyst has rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average 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.