RNC Capital Management LLC Has $28.83 Million Stake in CRH plc (NYSE:CRH)

RNC Capital Management LLC lifted its stake in CRH plc (NYSE:CRH) by 5.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 416,816 shares of the construction company’s stock after purchasing an additional 20,121 shares during the period. CRH accounts for 1.7% of RNC Capital Management LLC’s portfolio, making the stock its 28th largest position. RNC Capital Management LLC owned 0.06% of CRH worth $28,827,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also modified their holdings of the company. Financial Management Professionals Inc. increased its holdings in shares of CRH by 139.0% in the third quarter. Financial Management Professionals Inc. now owns 545 shares of the construction company’s stock valued at $30,000 after purchasing an additional 317 shares in the last quarter. KB Financial Partners LLC acquired a new stake in shares of CRH in the first quarter valued at approximately $30,000. Allworth Financial LP increased its holdings in shares of CRH by 59.3% in the third quarter. Allworth Financial LP now owns 776 shares of the construction company’s stock valued at $42,000 after purchasing an additional 289 shares in the last quarter. Operose Advisors LLC acquired a new stake in shares of CRH in the third quarter valued at approximately $47,000. Finally, Tower Research Capital LLC TRC grew its holdings in CRH by 146.2% during the 1st quarter. Tower Research Capital LLC TRC now owns 1,029 shares of the construction company’s stock worth $52,000 after acquiring an additional 611 shares during the period. Institutional investors and hedge funds own 62.50% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on the stock. Truist Financial lifted their target price on shares of CRH from $81.00 to $95.00 and gave the stock a “buy” rating in a report on Monday, March 4th. DA Davidson assumed coverage on shares of CRH in a report on Friday, January 19th. They set a “buy” rating and a $82.00 target price for the company. StockNews.com raised shares of CRH from a “buy” rating to a “strong-buy” rating in a report on Wednesday. Vertical Research assumed coverage on shares of CRH in a report on Friday, March 22nd. They set a “buy” rating and a $105.00 target price for the company. Finally, Jefferies Financial Group lifted their target price on shares of CRH from $89.70 to $100.00 and gave the stock a “buy” rating in a report on Monday, March 4th. One analyst has rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $74.64.

CRH Price Performance

Shares of NYSE CRH opened at $86.02 on Thursday. The company’s fifty day moving average is $77.77 and its 200-day moving average is $66.62. CRH plc has a twelve month low of $46.84 and a twelve month high of $88.00.

CRH Announces Dividend

The company also recently declared a Variable dividend, which will be paid on Wednesday, April 17th. Stockholders of record on Friday, March 15th will be given a dividend of $0.262 per share. The ex-dividend date of this dividend is Thursday, March 14th. This represents a dividend yield of 2%.

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.