CRH plc (NYSE:CRH) Stock Holdings Reduced by Regency Capital Management Inc. DE

Regency Capital Management Inc. DE lowered its stake in shares of CRH plc (NYSE:CRH) by 25.3% during the third quarter, Holdings Channel reports. The institutional investor owned 86,744 shares of the construction company’s stock after selling 29,328 shares during the period. CRH comprises about 4.4% of Regency Capital Management Inc. DE’s portfolio, making the stock its 7th biggest position. Regency Capital Management Inc. DE’s holdings in CRH were worth $8,045,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. First Financial Corp IN purchased a new position in shares of CRH during the first quarter valued at approximately $26,000. GHP Investment Advisors Inc. increased its position in CRH by 336.4% during the second quarter. GHP Investment Advisors Inc. now owns 336 shares of the construction company’s stock worth $25,000 after purchasing an additional 259 shares during the last quarter. NBC Securities Inc. increased its position in shares of CRH by 71.5% in the first quarter. NBC Securities Inc. now owns 415 shares of the construction company’s stock worth $35,000 after acquiring an additional 173 shares in the last quarter. Rothschild Investment LLC acquired a new stake in shares of CRH in the second quarter worth $43,000. Finally, Quarry LP purchased a new position in shares of CRH in the second quarter valued at $49,000. Hedge funds and other institutional investors own 62.50% of the company’s stock.

Wall Street Analyst Weigh In

CRH has been the subject of several analyst reports. Citigroup decreased their target price on shares of CRH from $109.00 to $99.00 and set a “buy” rating for the company in a research note on Thursday, July 11th. StockNews.com cut shares of CRH from a “buy” rating to a “hold” rating in a report on Friday, August 16th. Stephens initiated coverage on shares of CRH in a report on Tuesday, June 18th. They issued an “overweight” rating and a $95.00 price objective on the stock. Morgan Stanley raised shares of CRH from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $87.00 to $88.00 in a research note on Tuesday, July 9th. Finally, DA Davidson lifted their price objective on shares of CRH from $100.00 to $110.00 and gave the stock a “buy” rating in a research note on Friday, August 9th. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $95.70.

CRH Trading Up 0.5 %

Shares of CRH traded up $0.45 during midday trading on Friday, hitting $89.11. The stock had a trading volume of 3,419,259 shares, compared to its average volume of 5,055,631. The firm has a market cap of $61.19 billion, a P/E ratio of 14.90, a price-to-earnings-growth ratio of 1.33 and a beta of 1.30. The business has a 50-day simple moving average of $86.60 and a two-hundred day simple moving average of $82.32. CRH plc has a fifty-two week low of $51.59 and a fifty-two week high of $94.14.

CRH (NYSE:CRH) last posted its quarterly earnings results on Thursday, August 8th. The construction company reported $1.85 EPS for the quarter, hitting the consensus estimate of $1.85. The company had revenue of $9.65 billion for the quarter, compared to analyst estimates of $10.16 billion. On average, 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. Investors of record on Friday, August 23rd were given a dividend of $0.35 per share. This represents a yield of 1.7%. The ex-dividend date was Friday, August 23rd. CRH’s payout ratio is presently 29.77%.

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.