Kintegral Advisory LLC Sells 2,720 Shares of CRH plc (NYSE:CRH)

Kintegral Advisory LLC reduced its holdings in CRH plc (NYSE:CRH) by 4.5% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 58,384 shares of the construction company’s stock after selling 2,720 shares during the quarter. Kintegral Advisory LLC’s holdings in CRH were worth $5,402,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Sumitomo Mitsui Trust Group Inc. lifted its position in CRH by 7.9% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,562,962 shares of the construction company’s stock valued at $144,605,000 after acquiring an additional 114,072 shares in the last quarter. Park Avenue Securities LLC lifted its holdings in CRH by 22.1% during the 4th 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 last quarter. Merit Financial Group LLC increased its holdings in shares of CRH by 31.8% during the fourth quarter. Merit Financial Group LLC now owns 23,253 shares of the construction company’s stock worth $2,151,000 after purchasing an additional 5,610 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in CRH by 19.9% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 72,778 shares of the construction company’s stock valued at $6,733,000 after acquiring an additional 12,076 shares in the last quarter. Finally, Nordea Investment Management AB lifted its position in CRH by 48.2% during the fourth 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 during the period. Institutional investors own 62.50% of the company’s stock.

CRH Stock Performance

CRH opened at $100.26 on Friday. The stock has a market capitalization of $68.09 billion, a price-to-earnings ratio of 20.05, a PEG ratio of 1.19 and a beta of 1.30. CRH plc has a fifty-two week low of $71.18 and a fifty-two week high of $110.97. The company has a fifty day moving average of $97.97 and a 200 day moving average of $94.52.

Analyst Ratings Changes

CRH has been the subject of several recent analyst reports. StockNews.com downgraded CRH from a “buy” rating to a “hold” rating in a research report on Wednesday. JPMorgan Chase & Co. upped their target price on CRH from $114.00 to $116.00 and gave the company an “overweight” rating in a report on Wednesday, November 20th. Citigroup dropped their price objective on CRH from $120.00 to $115.00 and set a “buy” rating on the stock in a research note on Monday, January 6th. HSBC initiated coverage on shares of CRH in a research note on Monday, November 11th. They issued a “buy” rating and a $116.00 price target for the company. Finally, Barclays began 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. Two equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus 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.