Regents Gate Capital LLP Purchases Shares of 66,272 Crh Plc $CRH

Regents Gate Capital LLP acquired a new position in shares of Crh Plc (NYSE:CRH) during the 1st quarter, Holdings Channel.com reports. The fund acquired 66,272 shares of the construction company’s stock, valued at approximately $6,967,000. CRH makes up about 1.5% of Regents Gate Capital LLP’s holdings, making the stock its 25th biggest position.

Other institutional investors also recently modified their holdings of the company. JFS Wealth Advisors LLC lifted its holdings in CRH by 12.1% during the 4th quarter. JFS Wealth Advisors LLC now owns 794 shares of the construction company’s stock worth $99,000 after buying an additional 86 shares in the last quarter. Waddell & Associates LLC lifted its stake in shares of CRH by 3.8% during the fourth quarter. Waddell & Associates LLC now owns 2,352 shares of the construction company’s stock valued at $294,000 after acquiring an additional 87 shares during the period. PDS Planning Inc lifted its stake in shares of CRH by 2.3% during the fourth quarter. PDS Planning Inc now owns 4,000 shares of the construction company’s stock valued at $499,000 after acquiring an additional 89 shares during the period. Harbor Investment Advisory LLC boosted its holdings in CRH by 87.6% in the fourth quarter. Harbor Investment Advisory LLC now owns 212 shares of the construction company’s stock valued at $26,000 after acquiring an additional 99 shares during the last quarter. Finally, Larson Financial Group LLC boosted its holdings in CRH by 6.1% in the fourth quarter. Larson Financial Group LLC now owns 1,778 shares of the construction company’s stock valued at $222,000 after acquiring an additional 102 shares during the last quarter. Institutional investors own 62.50% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on CRH. Jefferies Financial Group boosted their price objective on CRH from $149.00 to $165.60 and gave the stock a “buy” rating in a report on Friday, June 26th. Sanford C. Bernstein reissued an “outperform” rating on shares of CRH in a research note on Tuesday, June 23rd. Wells Fargo & Company cut their price objective on shares of CRH from $135.00 to $132.00 and set an “overweight” rating on the stock in a report on Wednesday, July 8th. Weiss Ratings cut shares of CRH from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, June 18th. Finally, Morgan Stanley reaffirmed an “overweight” rating and set a $139.00 target price on shares of CRH in a report on Wednesday, April 15th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $141.19.

CRH Trading Down 2.5%

CRH stock opened at $102.96 on Friday. The firm has a market capitalization of $68.80 billion, a P/E ratio of 19.07, a PEG ratio of 1.79 and a beta of 1.32. Crh Plc has a 1 year low of $92.66 and a 1 year high of $131.55. The business has a 50-day moving average of $106.33 and a 200-day moving average of $113.25.

CRH (NYSE:CRH) last announced its quarterly earnings results on Thursday, April 30th. The construction company reported ($0.20) EPS for the quarter, beating analysts’ consensus estimates of ($0.22) by $0.02. CRH had a return on equity of 15.37% and a net margin of 9.65%.The company had revenue of $7.37 billion during the quarter, compared to analysts’ expectations of $7.07 billion. The firm’s revenue for the quarter was up 9.1% on a year-over-year basis. CRH has set its FY 2026 guidance at 5.600-6.050 EPS. Research analysts anticipate that Crh Plc will post 5.96 EPS for the current fiscal year.

CRH Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 17th. Shareholders of record on Friday, May 15th were paid a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend was Friday, May 15th. CRH’s dividend payout ratio is presently 28.89%.

About CRH

CRH plc, originally formed as Cement Roadstone Holdings in 1970 and headquartered in Dublin, Ireland, is a global building materials group. The company has grown from its Irish roots into one of the largest international suppliers of construction materials, expanding primarily through acquisitions and regional business development. CRH operates an integrated network of manufacturing and distribution businesses that serve both public and private construction markets.

CRH’s core activities include the production and distribution of aggregates, cement, asphalt, ready-mixed concrete and other bulk materials, together with a broad range of value-added building products such as precast concrete, masonry, bricks, roofing products, pipe and drainage systems, and construction accessories.