Regency Capital Management Inc. DE Lowers Stock Position in CRH plc (NYSE:CRH)

Regency Capital Management Inc. DE trimmed its position in shares of CRH plc (NYSE:CRH) by 25.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 86,744 shares of the construction company’s stock after selling 29,328 shares during the quarter. CRH accounts for approximately 4.4% of Regency Capital Management Inc. DE’s holdings, making the stock its 7th largest position. Regency Capital Management Inc. DE’s holdings in CRH were worth $8,045,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of CRH. GHP Investment Advisors Inc. grew its position in shares of CRH by 336.4% during the second quarter. GHP Investment Advisors Inc. now owns 336 shares of the construction company’s stock valued at $25,000 after purchasing an additional 259 shares in the last quarter. First Financial Corp IN bought a new stake in shares of CRH during the first quarter valued at approximately $26,000. NBC Securities Inc. raised its stake in shares of CRH by 71.5% during the first quarter. NBC Securities Inc. now owns 415 shares of the construction company’s stock valued at $35,000 after acquiring an additional 173 shares in the last quarter. Rothschild Investment LLC purchased a new position in CRH during the second quarter valued at approximately $43,000. Finally, Richardson Financial Services Inc. purchased a new position in CRH during the fourth quarter valued at approximately $47,000. 62.50% of the stock is owned by institutional investors.

CRH Stock Up 0.5 %

CRH stock traded up $0.45 during mid-day trading on Friday, reaching $89.11. 3,419,259 shares of the company’s stock were exchanged, compared to its average volume of 5,055,631. The company has a market cap of $61.19 billion, a P/E ratio of 14.90, a P/E/G ratio of 1.33 and a beta of 1.30. CRH plc has a twelve month low of $51.59 and a twelve month high of $94.14. The company has a fifty day moving average of $86.60 and a 200-day moving average of $82.32.

CRH (NYSE:CRH) last announced its quarterly earnings data on Thursday, August 8th. The construction company reported $1.85 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.85. The firm had revenue of $9.65 billion during the quarter, compared to analyst estimates of $10.16 billion. Equities research 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. Shareholders of record on Friday, August 23rd were paid a $0.35 dividend. The ex-dividend date of this dividend was Friday, August 23rd. This represents a yield of 1.7%. CRH’s dividend payout ratio is presently 29.77%.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. Truist Financial lifted their price target on shares of CRH from $100.00 to $110.00 and gave the stock a “buy” rating in a report on Friday, August 9th. Stephens assumed coverage on shares of CRH in a research report on Tuesday, June 18th. They set an “overweight” rating and a $95.00 target price for the company. DA Davidson boosted their target price on shares of CRH from $100.00 to $110.00 and gave the company a “buy” rating in a research report on Friday, August 9th. Citigroup reduced their price target on shares of CRH from $109.00 to $99.00 and set a “buy” rating for the company in a research report on Thursday, July 11th. Finally, Morgan Stanley raised shares of CRH from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $87.00 to $88.00 in a research note on Tuesday, July 9th. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $95.70.

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.