CRH plc (NYSE:CRH) Stake Boosted by Regency Capital Management Inc. DE

Regency Capital Management Inc. DE boosted its holdings in shares of CRH plc (NYSE:CRH) by 1.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 116,072 shares of the construction company’s stock after buying an additional 2,104 shares during the quarter. CRH makes up about 5.6% of Regency Capital Management Inc. DE’s investment portfolio, making the stock its 4th largest holding. Regency Capital Management Inc. DE’s holdings in CRH were worth $8,703,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the business. GHP Investment Advisors Inc. grew its holdings in CRH by 336.4% during the 2nd quarter. GHP Investment Advisors Inc. now owns 336 shares of the construction company’s stock valued at $25,000 after buying an additional 259 shares in the last quarter. First Financial Corp IN purchased a new position in shares of CRH during the first quarter valued at $26,000. NBC Securities Inc. lifted its position in shares of CRH by 71.5% in the 1st quarter. NBC Securities Inc. now owns 415 shares of the construction company’s stock worth $35,000 after purchasing an additional 173 shares during the period. Rothschild Investment LLC purchased a new stake in CRH during the second quarter worth $43,000. Finally, Richardson Financial Services Inc. bought a new stake in CRH during the fourth quarter valued at about $47,000. Institutional investors own 62.50% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on CRH. DA Davidson raised their target price on shares of CRH from $100.00 to $110.00 and gave the company a “buy” rating in a research note on Friday, August 9th. StockNews.com lowered shares of CRH from a “buy” rating to a “hold” rating in a research note on Friday, August 16th. Truist Financial upped their price objective on CRH from $100.00 to $110.00 and gave the stock a “buy” rating in a research report on Friday, August 9th. Citigroup reduced their target price on CRH from $109.00 to $99.00 and set a “buy” rating for the company in a report on Thursday, July 11th. Finally, Morgan Stanley upgraded CRH from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $87.00 to $88.00 in a research report on Tuesday, July 9th. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $95.70.

CRH Price Performance

CRH stock opened at $92.72 on Tuesday. The firm has a 50 day simple moving average of $86.04 and a 200-day simple moving average of $82.17. The stock has a market cap of $63.67 billion, a price-to-earnings ratio of 15.51, a price-to-earnings-growth ratio of 1.33 and a beta of 1.30. CRH plc has a 1-year low of $51.59 and a 1-year high of $94.14.

CRH (NYSE:CRH) last announced its earnings results on Thursday, August 8th. The construction company reported $1.85 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.85. The firm had revenue of $9.65 billion during the quarter, compared to analysts’ expectations of $10.16 billion. Equities analysts expect that CRH plc will post 5.44 earnings per share for the current fiscal year.

CRH Cuts Dividend

The firm also recently disclosed a semi-annual dividend, which was paid on Wednesday, September 25th. Stockholders of record on Friday, August 23rd were paid a $0.35 dividend. This represents a dividend yield of 1.7%. The ex-dividend date of this dividend was Friday, August 23rd. CRH’s payout ratio is 29.77%.

About CRH

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.