RNC Capital Management LLC Purchases 20,121 Shares of CRH plc (NYSE:CRH)

RNC Capital Management LLC lifted its stake in shares of CRH plc (NYSE:CRH - Free Report) by 5.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 416,816 shares of the construction company's stock after acquiring an additional 20,121 shares during the quarter. CRH comprises about 1.7% of RNC Capital Management LLC's investment portfolio, making the stock its 28th biggest holding. RNC Capital Management LLC owned 0.06% of CRH worth $28,827,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in CRH. JPMorgan Chase & Co. increased its stake in shares of CRH by 0.3% during the first quarter. JPMorgan Chase & Co. now owns 269,338 shares of the construction company's stock valued at $10,790,000 after acquiring an additional 724 shares during the period. Bank of New York Mellon Corp grew its position in CRH by 0.8% in the first quarter. Bank of New York Mellon Corp now owns 262,579 shares of the construction company's stock worth $10,519,000 after buying an additional 2,011 shares during the last quarter. American Century Companies Inc. acquired a new position in CRH in the first quarter worth approximately $1,541,000. Bank of Montreal Can grew its position in CRH by 3.1% in the first quarter. Bank of Montreal Can now owns 27,121 shares of the construction company's stock worth $1,113,000 after buying an additional 816 shares during the last quarter. Finally, Prudential Financial Inc. grew its position in CRH by 24.6% in the first quarter. Prudential Financial Inc. now owns 8,328 shares of the construction company's stock worth $334,000 after buying an additional 1,643 shares during the last quarter. Institutional investors and hedge funds own 62.50% of the company's stock.

CRH Trading Up 0.3 %

Shares of CRH stock traded up $0.23 on Thursday, hitting $86.25. 2,496,436 shares of the company traded hands, compared to its average volume of 3,803,779. The company has a 50-day moving average price of $78.13 and a 200 day moving average price of $66.75. CRH plc has a 12-month low of $46.84 and a 12-month high of $88.00.

CRH Announces Dividend

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

Wall Street Analyst Weigh In

CRH has been the topic of several recent research reports. Truist Financial lifted their price target on shares of CRH from $81.00 to $95.00 and gave the stock a "buy" rating in a research report on Monday, March 4th. Jefferies Financial Group lifted their price target on shares of CRH from $89.70 to $100.00 and gave the stock a "buy" rating in a research report on Monday, March 4th. StockNews.com upgraded shares of CRH from a "buy" rating to a "strong-buy" rating in a research report on Wednesday. Vertical Research started coverage on shares of CRH in a research report on Friday, March 22nd. They set a "buy" rating and a $105.00 price objective on the stock. Finally, DA Davidson started coverage on shares of CRH in a research report on Friday, January 19th. They set a "buy" rating and a $82.00 price objective on the stock. One research analyst has rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and an average price target of $74.64.

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.