RNC Capital Management LLC Has $34.27 Million Holdings in Crh Plc $CRH

Key Points

• RNC Capital Management LLC reduced its holdings in Crh Plc by 1.2% during the first quarter, owning approximately $34.27 million worth of shares.
• CRH recently announced a quarterly dividend of $0.37 per share, which will be paid on September 24th, representing a 1.3% dividend yield.
• Analysts have given CRH a consensus rating of "Buy" with an average price target of $114.64, following several recent rating adjustments.

RNC Capital Management LLC lessened its holdings in shares of Crh Plc (NYSE:CRH - Free Report) by 1.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 389,613 shares of the construction company's stock after selling 4,775 shares during the quarter. RNC Capital Management LLC owned approximately 0.06% of CRH worth $34,274,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Diversify Advisory Services LLC lifted its position in shares of CRH by 5.0% in the 1st quarter. Diversify Advisory Services LLC now owns 2,572 shares of the construction company's stock worth $240,000 after purchasing an additional 123 shares during the period. Callan Family Office LLC lifted its position in shares of CRH by 4.4% during the 1st quarter. Callan Family Office LLC now owns 3,074 shares of the construction company's stock valued at $270,000 after acquiring an additional 129 shares during the period. Yousif Capital Management LLC lifted its position in shares of CRH by 1.7% during the 1st quarter. Yousif Capital Management LLC now owns 8,196 shares of the construction company's stock valued at $721,000 after acquiring an additional 139 shares during the period. Fifth Third Bancorp increased its stake in CRH by 0.9% during the 1st quarter. Fifth Third Bancorp now owns 15,257 shares of the construction company's stock valued at $1,342,000 after purchasing an additional 140 shares in the last quarter. Finally, Dynamic Advisor Solutions LLC increased its stake in CRH by 1.4% during the 1st quarter. Dynamic Advisor Solutions LLC now owns 10,387 shares of the construction company's stock valued at $914,000 after purchasing an additional 141 shares in the last quarter. 62.50% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms recently weighed in on CRH. DA Davidson restated a "neutral" rating and set a $105.00 price target (down previously from $120.00) on shares of CRH in a research report on Thursday, July 10th. Sanford C. Bernstein began coverage on shares of CRH in a report on Tuesday, May 13th. They issued an "outperform" rating and a $115.00 price target on the stock. Morgan Stanley reissued an "overweight" rating on shares of CRH in a report on Tuesday, September 2nd. JPMorgan Chase & Co. assumed coverage on shares of CRH in a research note on Tuesday, August 26th. They issued an "overweight" rating and a $130.00 target price on the stock. Finally, Vertical Research raised shares of CRH to a "strong-buy" rating in a research note on Friday, August 1st. Two investment analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat, CRH currently has a consensus rating of "Buy" and an average price target of $114.64.

CRH Stock Up 0.6%

CRH stock opened at $112.24 on Monday. The business has a 50-day simple moving average of $102.68 and a two-hundred day simple moving average of $96.22. The company has a market cap of $75.50 billion, a P/E ratio of 23.48, a P/E/G ratio of 1.46 and a beta of 1.31. Crh Plc has a 52-week low of $76.75 and a 52-week high of $114.40.

CRH (NYSE:CRH - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The construction company reported $1.94 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.06 by ($0.12). CRH had a net margin of 9.09% and a return on equity of 15.68%. The company had revenue of $10.21 billion for the quarter, compared to the consensus estimate of $10.27 billion. During the same quarter last year, the firm posted $1.88 earnings per share. The company's revenue was up 5.7% compared to the same quarter last year. Research analysts anticipate that Crh Plc will post 5.47 EPS for the current fiscal year.

CRH Dividend Announcement

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

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.