Allianz Asset Management GmbH Sells 334,121 Shares of CRH plc (NYSE:CRH)

Allianz Asset Management GmbH cut its stake in CRH plc (NYSE:CRH) by 20.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,327,218 shares of the construction company’s stock after selling 334,121 shares during the quarter. Allianz Asset Management GmbH owned about 0.20% of CRH worth $122,794,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of CRH. Blue Trust Inc. lifted its position in CRH by 235.6% in 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 lifted its position in CRH by 47.3% in the third quarter. Allspring Global Investments Holdings LLC now owns 33,409 shares of the construction company’s stock worth $3,098,000 after buying an additional 10,729 shares during the last quarter. Sequoia Financial Advisors LLC lifted its position in CRH by 26.3% in the third quarter. Sequoia Financial Advisors LLC now owns 9,645 shares of the construction company’s stock worth $894,000 after buying an additional 2,010 shares during the last quarter. International Assets Investment Management LLC bought a new stake in shares of CRH during the third quarter worth $7,895,000. Finally, CENTRAL TRUST Co lifted its position in shares of CRH by 65.1% during the third quarter. CENTRAL TRUST Co now owns 22,003 shares of the construction company’s stock worth $2,041,000 after purchasing an additional 8,672 shares during the last quarter. 62.50% of the stock is currently owned by institutional investors.

CRH Price Performance

CRH opened at $102.59 on Friday. The business’s 50-day moving average is $97.93 and its two-hundred day moving average is $94.36. CRH plc has a 1 year low of $71.18 and a 1 year high of $110.97. The firm has a market capitalization of $69.68 billion, a PE ratio of 20.52, a price-to-earnings-growth ratio of 1.24 and a beta of 1.30.

Analyst Ratings Changes

Several research firms have recently weighed in on CRH. Truist Financial lifted their target price on CRH from $110.00 to $120.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. JPMorgan Chase & Co. lifted their target price on CRH from $114.00 to $116.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 20th. Morgan Stanley lifted their target price on CRH from $95.00 to $104.00 and gave the stock an “overweight” rating in a research report on Monday, November 11th. HSBC began coverage on CRH in a research report on Monday, November 11th. They set a “buy” rating and a $116.00 target price for the company. Finally, StockNews.com downgraded CRH from a “buy” rating to a “hold” rating in a research report on Wednesday. Two investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate 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.