Regency Capital Management Inc. DE Cuts Stake in CRH PLC (NYSE:CRH)

Regency Capital Management Inc. DE lowered its holdings in CRH PLC (NYSE:CRH - Free Report) by 57.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 29,097 shares of the construction company's stock after selling 38,755 shares during the period. CRH comprises about 1.5% of Regency Capital Management Inc. DE's portfolio, making the stock its 22nd largest holding. Regency Capital Management Inc. DE's holdings in CRH were worth $2,560,000 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. Proficio Capital Partners LLC bought a new stake in shares of CRH in the 4th quarter valued at about $69,000. Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of CRH by 12.6% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 4,916 shares of the construction company's stock worth $455,000 after acquiring an additional 551 shares during the last quarter. Sei Investments Co. raised its stake in CRH by 10.1% in the 4th quarter. Sei Investments Co. now owns 196,578 shares of the construction company's stock valued at $18,191,000 after acquiring an additional 18,071 shares during the period. AXQ Capital LP acquired a new stake in CRH during the 4th quarter valued at $274,000. Finally, KLP Kapitalforvaltning AS bought a new position in CRH during the fourth quarter worth $15,090,000. 62.50% of the stock is currently owned by institutional investors and hedge funds.

CRH Price Performance

Shares of NYSE:CRH traded up $0.05 during mid-day trading on Monday, hitting $94.11. The company had a trading volume of 3,526,570 shares, compared to its average volume of 4,864,527. CRH PLC has a one year low of $74.03 and a one year high of $110.97. The company has a market capitalization of $63.58 billion, a PE ratio of 19.94, a price-to-earnings-growth ratio of 1.47 and a beta of 1.26. The firm has a fifty day moving average price of $93.31 and a 200 day moving average price of $94.55.

CRH (NYSE:CRH - Get Free Report) last issued its earnings results on Monday, May 5th. The construction company reported ($0.12) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.06) by ($0.06). The firm had revenue of $6.76 billion during the quarter, compared to the consensus estimate of $6.77 billion. CRH had a return on equity of 15.88% and a net margin of 9.17%. Research analysts expect that CRH PLC will post 5.47 earnings per share for the current fiscal year.

CRH Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 25th. Stockholders of record on Friday, May 23rd were paid a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 1.57%. The ex-dividend date was Friday, May 23rd. CRH's dividend payout ratio (DPR) is presently 23.52%.

Analyst Ratings Changes

Several brokerages recently commented on CRH. Sanford C. Bernstein assumed coverage on shares of CRH in a report on Tuesday, May 13th. They set an "outperform" rating and a $115.00 target price for the company. Loop Capital began coverage on shares of CRH in a research report on Wednesday, April 9th. They set a "buy" rating and a $114.00 price target on the stock. The Goldman Sachs Group reiterated a "neutral" rating on shares of CRH in a research note on Tuesday, May 6th. Morgan Stanley reaffirmed an "overweight" rating on shares of CRH in a report on Wednesday, May 7th. Finally, Royal Bank Of Canada reduced their price target on shares of CRH from $127.00 to $108.00 and set an "outperform" rating on the stock in a research report on Monday, April 14th. Two investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $112.82.

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.