RNC Capital Management LLC Sells 19,074 Shares of CRH plc (NYSE:CRH)

RNC Capital Management LLC lowered its position in CRH plc (NYSE:CRH - Free Report) by 4.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 394,388 shares of the construction company's stock after selling 19,074 shares during the period. CRH accounts for 1.9% of RNC Capital Management LLC's portfolio, making the stock its 26th largest holding. RNC Capital Management LLC owned about 0.06% of CRH worth $36,489,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in CRH. Deseret Mutual Benefit Administrators acquired a new stake in shares of CRH during the third quarter worth about $25,000. UMB Bank n.a. grew its holdings in CRH by 72.7% during the third quarter. UMB Bank n.a. now owns 297 shares of the construction company's stock worth $28,000 after purchasing an additional 125 shares during the period. Heck Capital Advisors LLC bought a new stake in CRH in the 4th quarter valued at $32,000. Meeder Asset Management Inc. bought a new stake in shares of CRH during the third quarter worth approximately $35,000. Finally, Baillie Gifford & Co. grew its holdings in CRH by 70.7% in the 3rd quarter. Baillie Gifford & Co. now owns 391 shares of the construction company's stock valued at $36,000 after buying an additional 162 shares in the last quarter. Institutional investors and hedge funds own 62.50% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. DA Davidson upped their price objective on shares of CRH from $110.00 to $120.00 and gave the stock a "buy" rating in a research report on Monday, November 11th. Barclays began coverage on CRH in a research note on Tuesday, October 29th. They issued an "overweight" rating and a $110.00 price objective for the company. Hsbc Global Res upgraded shares of CRH to a "strong-buy" rating in a report on Monday, November 11th. JPMorgan Chase & Co. boosted their price target on CRH from $114.00 to $116.00 and gave the company an "overweight" rating in a research note on Wednesday, November 20th. Finally, HSBC started coverage on CRH in a research report on Monday, November 11th. They set a "buy" rating and a $116.00 target price on the stock. One investment analyst has rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus target price of $107.75.

CRH Trading Down 1.1 %

Shares of NYSE CRH traded down $1.12 during midday trading on Monday, hitting $102.22. 2,033,253 shares of the company's stock were exchanged, compared to its average volume of 3,462,427. The business's fifty day moving average price is $97.10 and its two-hundred day moving average price is $93.03. The company has a market cap of $69.43 billion, a price-to-earnings ratio of 20.44, a PEG ratio of 1.18 and a beta of 1.30. CRH plc has a 12-month low of $71.18 and a 12-month high of $105.58.

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.