Crh Plc $CRH Shares Sold by RNC Capital Management LLC

RNC Capital Management LLC trimmed its position in Crh Plc (NYSE:CRH - Free Report) by 1.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 384,401 shares of the construction company's stock after selling 5,212 shares during the quarter. RNC Capital Management LLC owned approximately 0.06% of CRH worth $35,288,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Ninety One UK Ltd raised its holdings in shares of CRH by 13.1% in the 2nd quarter. Ninety One UK Ltd now owns 3,143,490 shares of the construction company's stock valued at $288,572,000 after purchasing an additional 364,319 shares in the last quarter. GSA Capital Partners LLP acquired a new stake in shares of CRH in the 1st quarter valued at $744,000. Hsbc Holdings PLC raised its holdings in shares of CRH by 100.2% in the 1st quarter. Hsbc Holdings PLC now owns 452,776 shares of the construction company's stock valued at $39,318,000 after purchasing an additional 226,602 shares in the last quarter. Massachusetts Financial Services Co. MA raised its holdings in shares of CRH by 43.2% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 10,303,788 shares of the construction company's stock valued at $906,424,000 after purchasing an additional 3,108,416 shares in the last quarter. Finally, GAMMA Investing LLC raised its holdings in shares of CRH by 27.4% in the 1st quarter. GAMMA Investing LLC now owns 1,919 shares of the construction company's stock valued at $169,000 after purchasing an additional 413 shares in the last quarter. 62.50% of the stock is currently owned by institutional investors and hedge funds.

CRH Stock Down 1.2%

Shares of NYSE:CRH opened at $116.86 on Thursday. The company has a market cap of $78.61 billion, a price-to-earnings ratio of 24.45, a PEG ratio of 1.68 and a beta of 1.32. The firm's 50-day simple moving average is $114.46 and its 200-day simple moving average is $100.71. Crh Plc has a fifty-two week low of $76.75 and a fifty-two week high of $121.88.

CRH (NYSE:CRH - Get Free Report) last issued its earnings results on Wednesday, August 6th. The construction company reported $1.94 earnings per share for the quarter, missing the consensus estimate of $2.06 by ($0.12). The firm had revenue of $10.21 billion during the quarter, compared to analysts' expectations of $10.27 billion. CRH had a net margin of 9.09% and a return on equity of 15.68%. The firm's revenue was up 5.7% on a year-over-year basis. During the same period in the previous year, the firm earned $1.88 EPS. On average, research analysts forecast that Crh Plc will post 5.47 EPS for the current year.

CRH Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 24th. Investors of record on Friday, August 22nd were issued a dividend of $0.37 per share. The ex-dividend date of this dividend was Friday, August 22nd. This represents a $1.48 dividend on an annualized basis and a yield of 1.3%. CRH's payout ratio is currently 23.22%.

Analyst Ratings Changes

A number of research analysts recently commented on CRH shares. Sanford C. Bernstein increased their target price on shares of CRH from $115.00 to $130.00 and gave the company an "outperform" rating in a research report on Thursday, September 11th. Royal Bank Of Canada increased their target price on shares of CRH from $112.00 to $152.00 and gave the company an "outperform" rating in a research report on Wednesday, October 1st. JPMorgan Chase & Co. started coverage on shares of CRH in a research report on Tuesday, August 26th. They issued an "overweight" rating and a $130.00 target price on the stock. Weiss Ratings reaffirmed a "buy (b)" rating on shares of CRH in a research report on Wednesday, October 8th. Finally, Vertical Research raised shares of CRH to a "strong-buy" rating in a research report on Friday, August 1st. Four investment analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, CRH presently has a consensus rating of "Buy" and a consensus price target of $127.71.

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.

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