Yousif Capital Management LLC Trims Stake in CRH plc (NYSE:CRH)

Yousif Capital Management LLC lessened its holdings in shares of CRH plc (NYSE:CRH - Free Report) by 58.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,057 shares of the construction company's stock after selling 11,145 shares during the period. Yousif Capital Management LLC's holdings in CRH were worth $745,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the business. Park Avenue Securities LLC grew its holdings in CRH by 22.1% in the fourth quarter. Park Avenue Securities LLC now owns 32,557 shares of the construction company's stock worth $3,012,000 after purchasing an additional 5,889 shares during the period. Merit Financial Group LLC grew its stake in shares of CRH by 31.8% in the 4th quarter. Merit Financial Group LLC now owns 23,253 shares of the construction company's stock worth $2,151,000 after buying an additional 5,610 shares during the last quarter. Nordea Investment Management AB increased its position in CRH by 48.2% during the 4th quarter. Nordea Investment Management AB now owns 2,484,746 shares of the construction company's stock valued at $231,206,000 after buying an additional 808,061 shares in the last quarter. Tidal Investments LLC raised its stake in CRH by 168.7% during the third quarter. Tidal Investments LLC now owns 22,089 shares of the construction company's stock valued at $2,049,000 after buying an additional 13,868 shares during the last quarter. Finally, Ninety One UK Ltd boosted its holdings in CRH by 9.0% in the fourth quarter. Ninety One UK Ltd now owns 2,547,826 shares of the construction company's stock worth $235,725,000 after acquiring an additional 209,328 shares in the last quarter. 62.50% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have recently weighed in on CRH. Citigroup reduced their price target on CRH from $120.00 to $115.00 and set a "buy" rating for the company in a report on Monday, January 6th. StockNews.com raised shares of CRH from a "hold" rating to a "buy" rating in a report on Monday, November 11th. Truist Financial increased their price target on shares of CRH from $110.00 to $120.00 and gave the company a "buy" rating in a report on Friday, November 8th. Hsbc Global Res upgraded shares of CRH to a "strong-buy" rating in a report on Monday, November 11th. Finally, HSBC assumed coverage on CRH in a research note on Monday, November 11th. They set a "buy" rating and a $116.00 target price on the stock. One research analyst has rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, CRH currently has an average rating of "Buy" and a consensus price target of $107.75.

CRH Price Performance

CRH stock traded down $4.51 during mid-day trading on Wednesday, reaching $106.00. 5,064,157 shares of the stock traded hands, compared to its average volume of 3,977,254. CRH plc has a 12-month low of $71.18 and a 12-month high of $110.97. The business's 50-day moving average is $97.70 and its 200-day moving average is $94.22. The stock has a market capitalization of $71.99 billion, a PE ratio of 21.20, a price-to-earnings-growth ratio of 1.21 and a beta of 1.30.

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.