RNC Capital Management LLC Boosts Holdings in CRH plc (NYSE:CRH)

RNC Capital Management LLC boosted its position in shares of CRH plc (NYSE:CRH) by 5.1% during the fourth quarter, Holdings Channel.com reports. The fund owned 416,816 shares of the construction company’s stock after acquiring an additional 20,121 shares during the quarter. CRH accounts for 1.7% of RNC Capital Management LLC’s investment portfolio, making the stock its 28th largest holding. RNC Capital Management LLC’s holdings in CRH were worth $28,827,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CRH. Barclays PLC bought a new stake in CRH in the third quarter worth $941,562,000. Vanguard Group Inc. bought a new position in CRH in the third quarter worth about $1,484,901,000. Asio Capital LLC increased its holdings in shares of CRH by 75.3% during the fourth quarter. Asio Capital LLC now owns 54,015 shares of the construction company’s stock valued at $3,736,000 after acquiring an additional 23,205 shares in the last quarter. California Public Employees Retirement System acquired a new position in shares of CRH during the third quarter valued at about $73,833,000. Finally, Swiss National Bank purchased a new stake in CRH in the third quarter valued at approximately $150,498,000. Institutional investors own 62.50% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have commented on the company. DA Davidson started coverage on CRH in a research report on Friday, January 19th. They issued a “buy” rating and a $82.00 price objective on the stock. Jefferies Financial Group raised their price objective on CRH from $89.70 to $100.00 and gave the company a “buy” rating in a report on Monday, March 4th. StockNews.com upgraded CRH from a “buy” rating to a “strong-buy” rating in a report on Wednesday. Vertical Research initiated coverage on CRH in a report on Friday, March 22nd. They issued a “buy” rating and a $105.00 price objective on the stock. Finally, Truist Financial raised their price objective on CRH from $81.00 to $95.00 and gave the company a “buy” rating in a report on Monday, March 4th. One investment analyst has rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $74.64.

CRH Trading Down 1.4 %

NYSE CRH opened at $86.02 on Thursday. CRH plc has a 52 week low of $46.84 and a 52 week high of $88.00. The business’s fifty day simple moving average is $77.77 and its 200-day simple moving average is $66.62.

CRH Announces Dividend

The business also recently disclosed a Variable dividend, which will be paid on Wednesday, April 17th. Investors of record on Friday, March 15th will be issued a $0.262 dividend. The ex-dividend date of this dividend is Thursday, March 14th. This represents a 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.