Crh Plc $CRH Shares Sold by RNC Capital Management LLC

RNC Capital Management LLC decreased its position in Crh Plc (NYSE:CRH) by 1.3% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 384,401 shares of the construction company’s stock after selling 5,212 shares during the period. RNC Capital Management LLC’s holdings in CRH were worth $35,288,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CRH. GAMMA Investing LLC raised its position in CRH by 27.4% during the first quarter. GAMMA Investing LLC now owns 1,919 shares of the construction company’s stock worth $169,000 after acquiring an additional 413 shares during the last quarter. Oppenheimer & Co. Inc. raised its position in CRH by 13.9% during the first quarter. Oppenheimer & Co. Inc. now owns 29,880 shares of the construction company’s stock worth $2,629,000 after acquiring an additional 3,648 shares during the last quarter. Asset Management One Co. Ltd. raised its position in shares of CRH by 4.8% in the first quarter. Asset Management One Co. Ltd. now owns 257,574 shares of the construction company’s stock valued at $22,659,000 after buying an additional 11,685 shares during the last quarter. Keudell Morrison Wealth Management acquired a new position in shares of CRH in the first quarter valued at approximately $225,000. Finally, Moran Wealth Management LLC raised its position in shares of CRH by 16.0% in the first quarter. Moran Wealth Management LLC now owns 2,581 shares of the construction company’s stock valued at $227,000 after buying an additional 356 shares during the last quarter. Institutional investors and hedge funds own 62.50% of the company’s stock.

CRH Stock Down 1.2%

CRH opened at $116.86 on Thursday. Crh Plc has a 52-week low of $76.75 and a 52-week high of $121.88. The company has a 50 day moving average of $114.46 and a two-hundred day moving average of $100.71. The company has a market cap of $78.61 billion, a P/E ratio of 24.45, a P/E/G ratio of 1.68 and a beta of 1.32.

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

CRH Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 24th. Stockholders of record on Friday, August 22nd were given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend was Friday, August 22nd. CRH’s payout ratio is presently 23.22%.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on CRH shares. DA Davidson reissued a “neutral” rating and issued a $105.00 price objective (down previously from $120.00) on shares of CRH in a research report on Thursday, July 10th. Sanford C. Bernstein boosted their price objective 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. Vertical Research raised shares of CRH to a “strong-buy” rating in a research report on Friday, August 1st. Truist Financial boosted their target price on shares of CRH from $125.00 to $140.00 and gave the company a “buy” rating in a report on Thursday, October 2nd. Finally, Bank of America began coverage on shares of CRH in a report on Friday, September 26th. They issued a “buy” rating and a $128.00 target price for the company. Four analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $127.71.

CRH Company 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.